Republican presidential candidate Mitt Romney plans to offer his plan for the economy and jobs Wednesday, which he previewed today in a USA Today
opinion piece. His ideas include tax cuts and reduction of regulations.
“Each proposal is rooted in the conservative premise that government itself cannot create jobs,” Romney writes. “At best, government can provide a framework in which economic growth can occur.”
Romney pledges to keep tax rates on regular income, savings, and investment low. “Taxes on interest, dividends, and capital gains for middle-income taxpayers should be eliminated,” he argues. Corporate taxes also are too high, he says.
As for regulation: “I will pare back regulation, including eliminating Obamacare,” Romney writes. “The impact of any proposed new regulation must be offset by removing another regulation of equivalent cost.”
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