Anatomy of a campaign ad: 'No taxes'

Team Obama slams Mitt Romney's "47 percent" remarks, and brutally spins the ongoing tax narrative that has plagued the GOP candidate's campaign

President Obama's latest campaign ad, "No Taxes," focuses in on Mitt Romney's comments about the "47 percent" of Americans who don't pay income taxes and whom Romney said he doesn't have to w
(Image credit: YouTube)

The candidate: Barack Obama

The ad: The spot starts off by rehashing comments Obama's GOP rival made during a secretly recorded May speech, summarizing: "Mitt Romney attacked 47 percent of Americans who pay no income tax, including veterans, elderly, the disabled... Doesn't the president have to worry about everyone?" Then the narrator makes hay of Romney's 2011 tax return, which was released on Friday, saying that the GOP candidate paid "just 14.1 percent" in taxes last year, keeps millions in Caribbean tax shelters, and won't release any tax returns before 2010. "Maybe instead of attacking others on taxes, Romney should come clean on his," says the narrator. (Watch the ad below.)

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