A pro-Obama super PAC’s new TV ad portrays Mitt Romney as a past and future threat to middle-class families. The statements it makes about Romney’s business dealings and tax proposals contain some truth — but don’t tell the whole story:
The ad says Romney is proposing “a huge new $150,000 tax cut for the wealthiest 1 percent.” But Romney’s plan would cut tax rates by 20 percent for all taxpayers, not just the wealthiest. Also, that $150,000 tax cut may be inflated because it does not include Romney’s unspecified plans to eliminate some current tax preferences —