This will be short, but it looks important.
This morning, Mitt Romney told a crowd of middle-class Ohioans that his tax cuts would not offer much to the middle class, because he'd be lowering deductions and exemptions:
"We have got to reform our tax system," Romney said at a morning event here. "Small businesses most typically pay taxes at the individual tax rate. And so our individual income taxes are the ones I want to reform. Make them simpler. I want to bring the rates down. By the way, 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."It will be interesting to see how the campaign spins this one.
The comments were either a flub on Romney's part or an admission that many of the deductions and exemptions that he will have to target in order to make his tax plan deficit neutral will end up affecting the middle class.