obama for america releases new television ad: “get real”

7/31/2019 Obama for America Releases New Television Ad: Get Real

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Obama for America Releases New Television Ad: Get Real

[email protected] on behalf of Obama for America Press

[[email protected]]Sent:Tuesday, August 14, 2012 1:39 PM

To: Obama for America Press [[email protected]]

!For Immediate Release: Tuesday, August 14, 2012

Contact: Obama for America Press (312) 985-1198

!Obama for America Releases New Television Ad: Get Real

CHICAGO -- Obama for America released a new television advertisement today titled Get Realthat highlights the clear choice for voters between Mitt Romney and President Obamas plans for

higher education. Mitt Romney thinks that students should borrow money from their parents to help

pay for college or start a business, and under the Romney-Ryan budget, college aid would be cut for

nearly 10 million students and the tax deduction for college tuition would be eliminated. President

Obama, on the other hand, understands that a college education should be in reach for as many

students as possible and thats why he has overhauled higher education financing by eliminating

bank middlemen from college loans and used the savings to double funding for Pell Grants.

Get Real will air in Colorado, Iowa, Nevada, Ohio, Virginia.

Please clickHERE to watch the new ad.

AD BACK-UP

VO:

Im Barack Obama and I approved this

message

VO:

Mitt Romney on how to pay for college and

start a business

Visual:

Mitt Romney on how to pay for college and

start a business

VO:

Take a risk, get the education, borrow money

ROMNEY TOLD STUDENTS THEY

Obama for America Releases New Television Ad: Get Real https://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&

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if

you have to from your parents

Visual:

Borrow money if you have to from your parents

SHOULD JUST BORROW MONEY

FROM THEIR PARENTS FOR COLLEGE

OR TO START A BUSINESS

Romney Encouraged Young People To

Borrow Money If You Have To From Your

Parents To Start A Business. Romney beforehe began talking about how his friend, Jimmy

John, borrowed money from his parents to start

his business: This kind of divisiveness, this

attack of success, is very different than what

weve seen in our countrys history. Weve

always encouraged young people: Take a shot, go

for it, take a risk, get the education, borrow

money if you have to from your parents, start a

business. [Romney Guest Lecture, Otterbein

University, 4/27/12]

VO:

Hope they can afford it.

Romneys plans could cut college aid for

nearly ten million students

Visual:

Parents: Hope they can afford it

Romneys Plans:Cut college aid for nearly 10 million students

Krugman, New York Times, 4/30/12; Zients,

WhiteHouse.gov, 3/21/12

ROMNEY AND RYAN WOULD CUT

FEDERAL COLLEGE AID TO NEARLY 10

MILLION STUDENTS

New York Times Paul Krugman: Romney

Has Been A Strong Supporter Of The

House Republican Budget Which Would

Drastically Cut Federal Student Aid, Causing

Roughly A Million Students To Lose TheirPell Grants. Mr. Romney isnt proposing

anything that would fix that; he is, however, a

strong supporter of the Ryan budget plan, which

would drastically cut federal student aid, causing

roughly a million students to lose their Pell

grants. [Paul Krugman, NYT, 4/30/12]

If Cuts Were Applied Across The Board,

The Ryan Budget Would Slash Education,

Meaning 9.6 Million Students Would SeeTheir Pell Grants Fall By More Than

$1000 In 2014, And, Over The Next

Decade, Over One Million Students Would

Lose Support Altogether. Yesterday,

House Republicans released their budget

resolution for FY 2013 On top of the


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roughly $1 trillion in cuts in the Budget

Control Act, it would be difficult to overstate

the radicalism of the domestic cuts proposed

by the House budget resolution. In 2013, it

would cut annual non-defense funding by 5

percent. By 2014, the resolution would cut

this funding by 19 percent in purely nominalterms 9.6 million students would see their

Pell Grants fall by more than $1000 in 2014,

and, over the next decade, over one million

students would lose support altogether. [Jeff

Zients, Acting Director of the Office of

Management and Budget, WH.gov, 3/21/12]

VO:

and eliminate the tax deduction for collegetuition.

Visual:

Eliminate the tax deduction for college tuition

Tax Policy Center, 3/1/12

ROMNEY WOULD ALLOW THE TAXCREDIT FOR COLLEGE EXPIRE

Romneys Plan Would Allow Tax Provision In

The 2009 Recovery Act To Expire, Including

The American Opportunity Tax Credit For

Higher Education, The Expanded

Refundability Of The Child Credit, And The

Expansion Of The EITC. Tax provisions in

the 2009 stimulus act and subsequently extended

through 2012 would expire. These include the

American Opportunity tax credit for higher

education, the expanded refundability of the

child credit, and the expansion of the earned

income tax credit (EITC). [Tax Policy Center,

The Romney Plan (updated), 3/1/12]

Many Of The Recovery Act Tax Cuts And

Credits Primarily Benefit The Broad

Middle Class And The Largest Gains,

Measured As A Percentage Of After-TaxIncome, Go To The Poorest Tax Units.

The individual tax provisions in ARRA will

reduce taxes for households at all income

levels. The child tax credit and EITC

provisions focus tax cuts on low income tax

units, extending the alternative minimum tax


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patch substantially lowers taxes for wealthy

households, and other provisions primarily

benefit the broad middle class. The largest

gains, measured as a percentage of after-tax

income, go to the poorest tax units: average

after-tax income will climb 4.6 percent for

those in the bottom quintile. In contrast, taxeswill fall much less for the top quintile of tax

units, whose average after-tax income will

rise only 1.5 percent. [Tax Policy Center,

5/5/09]

Reuters Columnist David Cay Johnston:

Romney Raises Taxes On Those Going To

College By Eliminating The American

Opportunity Tax Credit For CollegeEducation. From David Cay Johnstons column

on Romneys tax plan: The Republican

frontrunners 160-page plan for jobs and

economic growth, which he released in

September, contains some sound ideas. But

theres a side to the plan that would raise taxes

on the poorest 125 million Americans while

tilting tax cuts further toward the rich.

Romney would make the Bush tax cuts

permanent. But thats only a first step. He would

also raise taxes on poor families with children athome and those going to college. Romney does

this by reducing benefits from the child tax credit

and the earned income tax credit and by ending

the American Opportunity tax credit for college

education. Without these tax breaks, the poorest

fifth of taxpayers would pay $157 more in taxes

in 2015 than under current policy, the Tax Policy

Center says in its analysis of Romneys plan. The

second poorest group would pay $82 more,

according to the center, whose past work hasbeen praised by Republicans and Democrats

alike. [David Cay Johnston, Reuters, 2/7/12]

Politifact: Romney Plan To Let Recovery Act

Tax Credits Expire, Like The Education

Credit, Would Raise Taxes On 18 Million

Working Families. Obama claimed Romneys


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plan would cut his own taxes while raising them

on 18 million working families. The Tax Policy

Center found that, indeed, even with a 20 percent

rate cut, 18 million people would find themselves

in a gap where the rate cut wouldnt offset the

loss of benefits from the Obama tax cuts Romney

would let expire. That is, theyd end up payingmore (or getting less in refunds) without the

expanded child credit, EITC and education

credit. Romney has not explicitly said he wants

those tax cuts to end, but his lack of support for

extending them means there would be an

increase on the 18 million people. Obama's

statement is accurate but needs additional

information. We rate it Mostly True. [Politifact,

5/8/12]

VO:President Obama eliminated bank middlemen

from college loans and used the savings to

double college grants.

Visual:

President Obama

Eliminated bank middlemen

Doubled college grants

Washington Post, 3/30/10

President Obama Overhauled HigherEducation Financing, Eliminating Bank

Middlemen From Government Loans Which

Saved $68 Billion; Savings That Were Used To

Double Funding For Pell Grants. Obama

signed a broad overhaul of higher education

funding into law along with the last portion of

the health-care bill The bill Obama signed

overhauls higher education financing, doubling

funding for Pell grants, allowing students to

borrow directly from the government and easingpayment structures once they graduate. Loan

repayments will be capped at 10 percent of a

graduate's salary, down from the current 15

percent, starting in 2014. The measure, Obama

said, will save the country $68 billion that would

otherwise have been spent on "middlemen" --

financial institutions that previously managed the

loans. [Washington Post, 3/30/10]

Because Of President Obamas Investments

In Pell Grant, In 2013, Over 9.7 MillionStudents Will Receive Pell Grants Worth Up

To $5,635. Thanks to the landmark investments

in Pell Grants since the beginning of the

Administration, in 2013 over 9.7 million students

will receive Pell Grants worth up to $5,635.

[Department of Education, Accessed 06/22/12]


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The Federal Pell Grant Program

Provided Grants To 6.1 Million

Students In 2008-2009. The FederalPell Grant Program is designed to helpthe neediest undergraduate students. For

many students, Federal Pell Grantsprovided a foundation of financial aid, towhich aid for other federal andnon-federal sources may be added. Theprogram provided grants ranging from$523-$4,731 to over 6.1 million studentsin 2008-2009, with awards totaling$18,291,082,121. [Department ofEducation, accessed 07/16/12]

VO:

Take a risk, get the education, borrow money

if

you have to from your parents

Visual:

Borrow money if you have to from your parents

ROMNEY TOLD STUDENTS THEY

SHOULD JUST BORROW MONEY

FROM THEIR PARENTS FOR COLLEGE

OR TO START A BUSINESS

Romney Encouraged Young People To

Borrow Money If You Have To From Your

Parents To Start A Business. Romney before

he began talking about how his friend, Jimmy

John, borrowed money from his parents to start

his business: This kind of divisiveness, this

attack of success, is very different than whatweve seen in our countrys history. Weve

always encouraged young people: Take a shot,

go for it, take a risk, get the education, borrow

money if you have to from your parents, start a

business. [Romney Guest Lecture, Otterbein

University, 4/27/12]

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obama for america releases new television ad: “get real”

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