The presidential race is now a dead heat, according to a new ABC News-Washington Post poll released Tuesday morning.
The new survey shows President Obama and GOP presidential candidate Mitt Romney tied among registered voters nationally at 47 percent.
However, the poll also shows 63 percent believe the country is heading in the wrong direction under the president.
After another slow month for job growth, the president is renewing his focus on taxes, pushing to extend tax cuts for the middle class, and raise taxes on those making more than $250,000 a year.
"Folks like me don't need a tax cut," he said. "We can go ahead and go back to the rates that were under Bill Clinton. That will help pay down our deficit."
But Phil Kerpen, president of American Commitment, disagrees.
"He just can't get past this class warfare politics, and so he's rolling out the same message that really didn't work for him in 2010 when he ended up giving up and extending the current tax rates for everyone," Kerpen told CBN News.
Kerpen also has advice for Romney.
"He's got to make a much more important point and one that I think most of the American people know to be true and that is higher taxes will not do anything to reduce the deficit," Kerpen said.
Meanwhile, Obama is personally calling on Romney to release his tax returns, saying it's important for him to be an "open book."
Romney said he has nothing to hide.
"All the taxes are paid, as appropriate," Romney said. "All of them have been reported to the government. There's nothing hidden there."
The ABC News-Washington Post poll shows most Americans continue to disapprove of the president's handling of the economy, and more than half the country doesn't like the way he's handling health care and immigration.
The poll also found that Romney has been unable to overcome what's been called the president's strong personal popularity.
However, the former Massachusetts governor did manage to overcome the president in fundraising for the month of June.
Obama announced Monday he raised $71 million, while Romney raised $106 million during the same time period. The Obama campaign is concerned if it loses the money race, it could cost the president the election.