From Governor Romney: A Better Way
It doesn?t have to be this way: this tough spot reflects economic errors and policy choices.
.Economic policy must change course. And the American people have a choice. A policy agenda focused on job creation, rising incomes, and broadly shared prosperity is a choice we can make.That choice is Governor Romney?s economic plan for America.Governor Romney?s economic plan will completely change the direction of economic policy. It will emphasize the long-term changes that will increase GDP and job creation, both going forward and now. It will put growth and recovery first.The Romney plan has three overarching objectives: to restore confidence in America?s economic future, to make America once again a place to invest and grow, and to provide opportunities for Americans to compete and succeed. These objectives are all about unlocking the potential for innovation, investment, and initiative in America?s dynamic economy.The Romney plan will achieve these objectives with four main economic pillars:
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Stop Runaway Federal Spending And Debt.
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How?
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Reduce federal spending as a share of GDP to 20 percent ? its pre-crisis average ? by 2016.
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How?
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In so doing, reduce policy uncertainty over the need for future tax increases.
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How?
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Reform The Nation?s Tax Code To Increase Growth And Job Creation.
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Does this mean lower taxes for the 1% or 99%. Very very vague.
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Reduce individual marginal income tax rates across-the-board by 20 percent, while keeping current low tax rates on dividends and capital gains. Reduce the corporate income tax rate ? the highest in the world ? to 25 percent.
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How will he pay for the people who rely on the Government as their employer, customer and those who rely on the aforementioned to come and spend money in their businesses?
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Broaden the tax base to ensure that tax reform is revenue-neutral.
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Raise or lower taxes?
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Reform Entitlement Programs To Ensure Their Viability.
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This is going to be tough, as he's going to throw a lot of people out of work.
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Gradually reduce growth in Social Security and Medicare benefits for more affluent seniors. Give more choice in Medicare to improve value in health care spending.
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The senior 1% won't be checking into a Public run hospital.
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Block grant the Medicaid program to states, enabling experimentation to better fit local situations.
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Good idea, Health Care should be run at a local level. So voters can know who is responsible. Will suck if you're poor in a very Republican and affluent area.
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Remove regulatory impediments to energy production and innovation that raise costs to consumers and limit job creation.
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Get rid of those pests making sure oil rigs don't spill into the Gulf or pollute food, land, etc.
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Repeal and replace the Dodd-Frank Act and the Patient Protection and Affordable Care Act. The Romney alternatives will emphasize better financial regulation and market-oriented, patient-centered health care reform.
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If you're poor and get sick you might be fucked.
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History and economic theory suggest the benefits that can be achieved with the Romney economic plan.
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No History shows that by raising taxes and not spending trillions going to War, you can balance the books.
This is a simple question you need to ask yourselves.
With record unemployment and Debt, why are the 1% getting richer and the 99% getting poorer?
And if you think a !5 President is going to make himself poorer, you need to really rethink your plan.