reelection

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?

Election Day is closer than you think. Support the President and build this campaign—donate today.

We're building this campaign from the ground up, and the Obama 2012 app has all the tools you need to join the fight to move the country forward. Now available on iOS devices with the Android version coming soon.

Ehud Barak and Shimon Peres discuss President Obama's record on Israel.

There are only 100 days until Election Day. What will you do to make sure we keep moving forward and not back?

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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.

Stephanie Cutter shares how Mitt Romney's new TV ad blatantly twists President Obama's words on small business owners and entrepreneurs. Mitt Romney is not telling the truth about what the President said, and he is taking the President's words out of context.