President Obama wants to extend the Bush-era tax cuts for those earning less than $200,000 individually or $250,000 if married but raise taxes on the wealthy. He also wants to reform the corporate tax code to slash the rate to 28%. Mitt Romney disagrees and wants to extend the Bush-era tax cuts for all income levels and cut all tax rates, including the top rate from 35% to 28%, arguing tax cuts will spur economic growth. Both candidates agree on creating more jobs and helping new small businesses as engines of the economy.