Video: Mitt Romney Warns Small Businesses "Don’t be Expecting a Huge Cut in Taxes"

| by Michael Allen

GOP Presidential nominee Mitt Romney has often said the wants to cut taxes for "small businesses," but appeared to change direction while speaking to voters in Westerville, Ohio on Wednesday, reports ThinkProgress.org (video below).

Romney told his audience that small businesses should not expect a “huge cut in taxes" and added that he was “also gonna get rid of deductions and exemptions," but did not name which ones.

Romney said: "And so, our individual income taxes are 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’ll be able to let small businesses keep more of their money, so they can hire more people."