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Obama To Tout Auto Bailout, Tax Policies in Ohio

Posted: 3:42 AM Jul 16, 2012
Reporter: Associated Press

President Barack Obama is preparing to tell Ohio voters that Republican Mitt Romney's tax proposals would spur job growth in foreign countries including China.

The president also plans Monday to highlight his administration's 2009 bailout of the auto industry. Democrats say it saved thousands of jobs in Ohio.

Romney opposed Obama's use of massive federal loans to keep Chrysler and General Motors afloat while they reorganized under bankruptcy protection.

Obama is holding a town hall event in Republican-leaning Cincinnati. White House aides say the president will cite news reports suggesting that Romney's plans for limited taxing of overseas profits by U.S. companies would encourage foreign job growth.

The two candidates have repeatedly accused each other of outsourcing American jobs.