Obama: “My tax plan has also lowered taxes for 98 percent of families.”
“Under my plan, 97% of small businesses would not see tax go up,” Obama said.
Obama said Romney has a different definition of small businesses – that they’re made up of millionaires.
“Donald Trump is a small business – but Donald Trump doesn’t like to think of himself as small anything,” Obama said.
Romney countered. His $5 trillion tax cut is false, he said.
Romney said he definitely would not raise taxes for the middle class, but would lower them. And high-income Americans would not see increases, either.
“My priority is jobs. I bring down the tax rates, lower deductions and exceptions to create more jobs.”