Mitt Romney is back on the offensive again, launching a new ad critical of the president for dismantling the work requirement for those individuals receiving welfare checks.
In the ad, the presumptive Republican presidential nominee accuses the president of pushing a "culture of dependency."
White House press secretary Jay Carney said the allegations were "blatantly dishonest ... hypocrisy knows no bounds."
Carney pushed back against the ad, saying that Romney as governor of Massachusetts had attempted to get work requirements relaxed for those on welfare.
The new ad is just the latest example of a heated race between two men who have very different visions of America's future.
Romney, interviewed on Fox News, said Obama was "saying things that are not accurate" when it comes to taxes. He referred to a crack the president made on Monday night as "Obama-loney," rhyming it with baloney.
At a fundraiser, Obama called Romney's tax plan Robin Hood in reverse - "Romney Hood" - and repeated his accusation that it would mean tax breaks for the wealthiest Americans while forcing the middle class to pay the IRS as much as $2,000 more a year.