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Obama for America Releases New Television Ad: “Get Real”

Obama for America Releases New Television Ad: “Get Real”

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Published by: TIMEThePage on Aug 14, 2012
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Obama for America Releases New Television Ad: “Get Real” 
response-bounces@barackobama.com on behalf of Obama for America Press[press@barackobama.com]
Tuesday, August 14, 2012 1:39 PM
Obama for America Press [press@barackobama.com]
For Immediate Release:
Tuesday, August 14, 2012
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 Real”that highlights the clear choice for voters between Mitt Romney and President Obama’s 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. PresidentObama, on the other hand, understands that a college education should be in reach for as manystudents as possible – and that’s 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 click 
to watch the new ad. 
VO:“I’m Barack Obama and I approved thismessage”
VO:“Mitt Romney on how to pay for college andstart a business …” 
Visual: Mitt Romney on how to pay for college and  start a business
 VO:“Take a risk, get the education, borrow money 
Obama for America Releases New Television Ad: “Get Realhttps://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...1 of 68/14/12 1:47 PM
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 COLLEGEOR TO START A BUSINESS Romney Encouraged Young People To“Borrow Money If You Have To From YourParents” To Start A Business.
Romney beforehe began talking about how his friend, JimmyJohn, borrowed money from his parents to starthis business: “This kind of divisiveness, thisattack of success, is very different than whatwe’ve seen in our country’s history. We’vealways encouraged young people: Take a shot, gofor it, take a risk, get the education, borrowmoney if you have to from your parents, start a business.” [Romney Guest Lecture, OtterbeinUniversity, 4/27/12] VO:“Hope they can afford it.” “Romney’s plans could cut college aid for nearly ten million students…” 
Visual: Parents: Hope they can afford it  
Romney’s 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 CUTFEDERAL COLLEGE AID TO NEARLY 10MILLION STUDENTS New York Times’ Paul Krugman: RomneyHas Been “A Strong Supporter” Of TheHouse Republican Budget “Which WouldDrastically Cut Federal Student Aid, CausingRoughly A Million Students To Lose TheirPell Grants.”
“Mr. Romney isn’t proposinganything that would fix that; he is, however, astrong supporter of the Ryan budget plan, whichwould drastically cut federal student aid, causingroughly a million students to lose their Pellgrants.” [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 NextDecade, Over One Million Students WouldLose Support Altogether.”
“Yesterday,House Republicans released their budgetresolution for FY 2013… On top of the
Obama for America Releases New Television Ad: “Get Realhttps://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...2 of 68/14/12 1:47 PM
roughly $1 trillion in cuts in the BudgetControl Act, it would be difficult to overstatethe radicalism of the domestic cuts proposed by the House budget resolution. In 2013, itwould cut annual non-defense funding by 5 percent. By 2014, the resolution would cutthis 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 millionstudents 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.” 
Eliminate the tax deduction for college tuition Tax Policy Center, 3/1/12 
ROMNEY WOULD ALLOW THE TAXCREDIT FOR COLLEGE EXPIRE Romney’s Plan Would Allow Tax Provision InThe 2009 Recovery Act To Expire, IncludingThe “American Opportunity Tax Credit ForHigher Education, The ExpandedRefundability Of The Child Credit, And TheExpansion Of The EITC.”
“Tax provisions inthe 2009 stimulus act and subsequently extendedthrough 2012 would expire. These include theAmerican Opportunity tax credit for higher education, the expanded refundability of thechild credit, and the expansion of the earnedincome tax credit (EITC).” [Tax Policy Center,The Romney Plan (updated),3/1/12] 
Many Of The Recovery Act Tax Cuts AndCredits “Primarily Benefit The BroadMiddle Class” And “The Largest Gains,Measured As A Percentage Of After-TaxIncome, Go To The Poorest Tax Units.”
“The individual tax provisions in ARRA willreduce taxes for households at all incomelevels. The child tax credit and EITC provisions focus tax cuts on low income taxunits, extending the alternative minimum tax
Obama for America Releases New Television Ad: “Get Realhttps://nycowa2.timeinc.com/owa/?ae=Item&t=IPM.Note&id...3 of 68/14/12 1:47 PM

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