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Government and Politics

Romney talks about business plan in Columbus area
Romney says he wants to lower deductions and exemptions for small businesses.
This story is part of a special series.

Jo Ingles

Presidential candidates have been criss-crossing Ohio today, trying to win votes 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.

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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.

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,” Romney told the crowd.

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.

“Independent analysts have taken a look at this and said taxes on the typical middle class family with kids would go up about two thousand dollars to pay for Mitt Romney’s tax cut for the wealthiest,” LaBolt says.

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