economy

Kevin: "Some of our children's greatest experiences have been in the smaller classrooms."

Voiceover: "But Mitt Romney says classroom sizes don't matter and he supports Paul Ryan's budget which could cut education by 20%."

Kevin: "You can't do this by shoving thirty, thirty-five people in a class and just teaching to some test."

The so-called "fiscal cliff" refers to the expiration of the Bush tax cuts on December 31, 2012, along with a series of spending cuts that will be triggered on that same date. It is called a cliff because the change will not be gradual, but steep and dramatic.

The Romney-Ryan Economic Plan

Voiceover: "Mitt Romney on how to pay for college and start a business..."

Mitt Romney: "Take a risk, get the education, borrow money if you have to from your parents'"

Voiceover: "Hope they can afford it."

"Romney's plans could cut college aid for nearly ten million students and eliminate the tax deduction for college tuition."

President Obama held a town hall in Cincinnati, Ohio where he discussed the choice in this election between two fundamentally different visions of how to grow the economy, create middle-class jobs and pay down the debt.

The President also shared his vision for helping small businesses like Tony White's—owner of a beauty salon and barbershop.

President Obama spoke on Romney's middle class tax increase and shared how his plan will keep strengthening middle class families.

President Obama was in Orlando, FL to discuss the choice in this election between two fundamentally different visions of how to grow the economy, create middle-class jobs and pay down the debt.

Today, at a grassroots event in Mansfield, Ohio, President Obama highlighted a new report from the Tax Policy Center -- a nonpartisan policy think tank -- that concludes that Mitt Romney would have to raise taxes on millions of middle-class families with children by more than $2,000 to pay for his $5 trillion tax plan tilted to the wealthiest.

Voiceover: "You watched and worried: two wars, tax cuts for millionaires, debt piled up. And now we face a choice.

Mitt Romney's plan?

A new $250,000 tax cut for millionaires, increase military spending, adding trillions to the deficit.

Or President Obama's plan?

President Obama: "We're a nation of workers and doers and dreamers. We work hard for what we get. And all we ask for is that our hard work pays off. I believe that the way you grow the economy is from the middle out. I believe in fighting for the middle class because if they're prospering all of us will prosper.

"Those ads taking my words about small business out of context; they're flat out wrong. Of course Americans build their own business. Everyday hard-working people sacrifice to meet a payroll, create jobs, and make our economy run. And what I said was that we need to stand behind them as America always has. By investing in education, training, roads and bridges, research and technology.