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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."

Reporter: "Was there ever any year where you paid lower than the 13.9%?"

Mitt Romney: "I haven't calculated that. I'm happy to go back and look."

Voiceover: "Did Romney pay 10% in taxes? 5%? Zero? We don't know."

If Mitt Romney wins, the middle class loses.

We asked people to use our new tax calculator to compare President Obama's tax plan to Mitt Romney's. This is what they found out.

You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxes—probably less than you.

Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney's middle class tax increase: he pays less, you pay more.

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.

"The choice on debt.

Mitt Romney's plan: huge tax cuts for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, adding trillions to the deficit.

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.