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Place a tax cut that adds to the deficit. >> governor romney's central economic plan calls for a $5 trillion tax cut. for 18 months, he's been running on this tax plan. now, five weeks before the election, he's saying his big, bold idea is never mind. >> all right. what what's the deal here? >> this is a complicated one. we have from the romney campaign a plan that has been analyzed by an independent group that said it would lead to around $450 billion a year in revenue that's cut from the -- revenue that's not there as a result of these taxes. the obama campaign has then taken this and extrap...

Running on this tax plan. and now five weeks before the election he is saying that his big, bold idea is never mind. >> joining me now is esra. he says he doesn't have a $5 trillion tax cut. >> mitt romney has existed in a state of what we say quantum uncertainty. the way you break this down. i don't think he has been inconsistent on this. he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has be...

Scale that you are talking about. >> for 18 months he has been running on this tax plan. and now five weeks before the election he is saying that his big, bold idea is never mind. >> joining me now is esra. he says he doesn't have a $5 trillion tax cut. >> mitt romney has existed in a state of what we say quantum uncertain uncertainty. the way you break this down. i don't think he has been inconsistent on this. he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut.

Governor just said about his own plan? >> well, for 18 months he's been running on this tax plan. and now five weeks before the election he is saying that his big, bold idea is never mind. when i got on the stage, i met this very spirited fellow who claimed to be mitt romney. the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy and yet the fellow on the stage last night who looked like mitt romney said he didn't know anything about that. >> and though the president's face did some talking on wednesday night when rom...

Families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of america's workers work in businesses that are taxed not at the corporate tax rate, but at the individual tax rate. and if we lower that rate, they will be able to hire more people. for me, this is about jobs. this is about getting job it's. >> reporter: that's where we started. do you ...