Let $P$ be a polytope. The hitting number of $P$ is the smallest size of a hitting set of the facets of $P$, i.e., a subset of vertices of $P$ such that every facet of $P$ has a vertex in the subset. An extended formulation of $P$ is the description of a polyhedron that linearly projects to $P$. We show that, if $P$ is the base polytope of any matroid, then $P$ admits an extended formulation whose size depends linearly on the hitting number of $P$. Our extended formulations generalize those of the spanning tree polytope given by Martin and Wong. Our proof is simple and short, and it goes through the deep connection between extended formulations and communication protocols.