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Stephanie Cutter breaks down what Mitt Romney's tax plan means for families and how President Obama's plan will cut the deficit while still making the investments we need to grow and keep middle class families strong. Go to http://www.barackobama.com/TaxCalculator and use the tax calculator to see how these two very different plans will affect you.

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.

"Over the next four months you have a choice to make. Not just between two political parties or even two people. It's a choice between two very different plans for our country.

Governor Romney's plan would cut taxes for the folks at the very top, roll back regulations on big banks, and he says that if we do our economy will grow and everyone will benefit.

But you know what? We tried that top-down approach. It's what caused the mess in the first place.

I believe the only way to create an economy built to last is to strengthen the middle class. Asking the wealthy to pay a little more so we can pay down our debt in a balanced way. So that we can afford to invest in education, manufacturing, and homegrown American energy for good middle class jobs. Sometimes politics can seem very small. But the choice you face, it couldn't be bigger."

Read the President's Plan: http://OFA.BO/MX3Ss8

Mitt Romney's bus tour is coming to Newark, Ohio. In this video, Ohio residents share why Romney's plans and visions are wrong for the middle-class and why they support President Obama's vision to move forward and create an economy built to last.