Addressing supporters in Colorado, presidential hopeful Mitt Romney called Obama’s latest tax proposal “another kick in the gut” that would hurt the U.S. economy.

Mitt Romney: “So your taxes are going to be the same. And then, for others, for job creators and small businesses, he announced a massive tax increase. So at the very time the American people are seeing fewer jobs created than we need, the president announces he’s going to make it harder for jobs to be created. I just don’t think this president understands how our economy works.”