President Obama on the Romney-Ryan Tax Plan

President Obama was at a grassroots event in Rochester, NH to discuss middle-class economic security. President Obama has already cut taxes for a typical New Hampshire family by $4,200 over four years, helping families afford to send their children to college, buy their first home, pay for health care and child care.

The centerpiece of the Romney-Ryan economic proposals is a $5 trillion tax cut, with a lot of it going to the wealthiest Americans. In addition, Romney and Ryan put forward a plan that would let Governor Romney pay less than 1% in taxes each year. And this tax plan would actually raise taxes on middle-class families with children by an average of $2,000.