President 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, which saved thousands of jobs in Ohio, according to Democrats. 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 Cincinnati, one of the state's most heavily Republican areas. Ohio and Florida again are shaping up as the most intensely competitive states in the presidential race. 

White House aides said Obama 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.