The Wall Street Journal accused President Obama in an editorial on Friday of exploiting the paper’s name in a “false” TV ad that claims challenger Mitt Romney’s tax plan will raise taxes on the middle class to pay for tax breaks for millionaires.
The paper’s editorial board wrote that the ad, which cited an August story in the Journal that summarized a Tax Policy Center study, twisted a “250-word, four-paragraph item” in the Journal’s Washington Wire blog.
The Journal said the study, which concluded that Romney’s tax plan raises taxes on the middle class, is “now discredited,” and even implied that the Tax Policy Center is not as nonpartisan as it claims. The authors of the report “made selective and speculative assumptions and even invented tax details that Mr. Romney never endorsed,” the editorial stated.
“We’re not sure what they’d call the President’s bid to make us his accomplices by invoking The Wall Street Journal, but our term for it is political sociopathy,” the editorial reads. “We want nothing to do with that agenda, but readers who see our name exploited in a TV ad should take it as one more sign of the Obama campaign’s serial dishonesty.”