Bill Clinton explains Mitt Romney's tax plan

I like things explained to me in simple terms. I don't pretend to be an economic genius. I do understand a lot through reading as much as I can, but like most Americans, I admit I understand things best when broken down in commonsense terms.

Bill Clinton breaks down Mitt Romney's $5 trillion tax cut plan in a new ad in easy to understand terms. You know 1+1 still equals 2 in the real world:

"The effect will be to give people with incomes over $3 million a $250,000 tax cut" and raise taxes on middle income people by an average of $2,000, adding, "We simply cannot afford to give another round of tax cuts to people who got the benefit of the tax cuts and the economic growth of the last decade. It hasn't worked before, and it won't work this time."