The Hill News

President Clinton is denouncing an ad by the American Crossroads PAC that uses a quote from the former president's speech at the Clinton Global Initiative last month.

"I personally don't believe we ought to be raising taxes, it won't solve the problem," Clinton says in the ad. American Crossroads was created by former Bush adviser Karl Rove and former RNC chairman Ed Gillespie.

But the president pushed back at the group, saying that he fully supported both the president's jobs plan and the proposed "Buffet Rule," which says households making $1 million annually shouldn't pay a smaller portion of their income in taxes than do middle-class families.

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