President Obama on Mitt Romney's Tax Hike

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 President believes the only way to create an economy built to last is to build it from the middle out, not the top down. He highlighted the stark contrast between his plan to provide tax relief for middle class families and Mitt Romney's tax plan, which a new report by the independent, nonpartisan Tax Policy Center shows that his $5 trillion tax plan would require hiking taxes on middle class families to pay for tax cuts for the wealthy.

President Obama's plan to prevent a tax hike on the middle class enacts spending cuts and reforms and asks the wealthiest to pay their fair share again so we can reduce our deficit in a balanced way.