WASHINGTON (MCT) – The campaigns of President Obama and Mitt Romney traded sharp accusations of lies and distortions Sunday as the race headed into its final month roiled by last week’s debate.

The Romney camp released a new TV ad accusing Obama of “not telling the truth about Mitt Romney’s tax plan.” It charged Obama with distorting the plan by asserting on the campaign trail and during Wednesday’s first presidential debate that the Republican candidate would raise taxes on middle-class Americans as part of a $5-trillion tax cut that mostly would benefit the wealthy.