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Romney Tells Ohioans Not to Expect 'Huge' Tax Cuts

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Presidential candidates have been crisscrossing Ohio in recent hours, trying to win votes of Ohioans in this critical swing state. Ohio Public Radio's Jo Ingles was with Republican Mitt Romney in central Ohio, where he was talking about taxes.

Wednesday, September 26, 2012 at 4:03 pm

Republican Presidential candidate Mitt Romney told a crowd in suburban Columbus that he’ll focus on creating jobs. And to do that, he says he’ll target income tax breaks specifically to help small businesses.

Romney: “Don’t be expecting a huge cut in taxes because I’m also going to lower deductions and exemptions -- but by bringing rates down, we will be able to let small businesses keep more of their money so they can hire more people.”

Ben LaBolt, President Obama’s national press secretary, says Romney’s tax cut would actually cost middle-income Ohioans more money by eliminating popular deductions and exemptions used by families.

LaBolt: “Independent analysts have taken a look at this and said that taxes on the typical middle class family with kids would go up by $2,000 to pay for Mitt Romney’s tax cut for the wealthiest.”

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