Not bad, not bad at all. I think he'd approve.....
Posted on 02/07/2007 7:05:06 PM PST by circumbendibus
Presidential candidate Mitt Romney on Wednesday made a direct appeal to Republican fiscal conservatives, arguing that the president should veto any spending bill that exceeds its targets.
Speaking to the Detroit Economic Club, the former Massachusetts governor addressed an issue that has riled the GOP base, who contend that the party's loss of power last November was based, in part, on excessive spending.
"When our party has been in charge, we didn't distinguish ourselves on spending restraint," Romney said. "That's got to change — and it would in my administration."
The one-term governor suggested giving Congress a spending target and insisting that it is met. "If Congress does not meet the spending targets, then its appropriations bills should be vetoed. I regularly exercised my veto power while governor," he said.
Romney served one term as governor. He also suggested that Congress give the president the power of the line-item veto, an oft-repeated proposal that is has little chance in Congress.
The Republican also called for making President Bush's tax cuts, set to expire in 2010, permanent. He said individuals should be able to save $5,000 a year without paying taxes on interest, dividends or capital gains.
Romney returns to Michigan on Tuesday to announce that he will formally seek the presidency.
Perhaps, but I think his opponents at the other podiums at the Republican debates will frame it otherwise.
Look around, turn on your TV.
We live in an idiocracy. ;-)
Not bad, not bad at all. I think he'd approve.....
More on the Romney speech from his website:
Governor Romney's Five Factors That Accelerate Growth And Assure Economic Leadership:
- Skilled, Educated, Motivated People
- Free Trade, On The Level
- Capital And Savings
- Innovation And Technology
- Consumer Freedom
Governor Romney's Five Braking Factors That Decelerate Economic Growth:
- Excessive Taxation And Spending
- Excessive Regulation
- Excessive Burdens On Business Activity
- Excessive Health Care Costs
- Excessive Energy Costs
Governor Romney's Initiatives To Ensure America's Continued Economic Growth:
Below are excerpts of Governor Romney's remarks as prepared for delivery.
MAKING THE 2001 AND 2003 TAX CUTS PERMANENT: "Which course is better for America? A European model of high taxes and regulations? Or, low taxes and free trade - the Ronald Reagan model? That's the choice the next President will make. Some are already fighting to implement a massive tax increase. Instead, we should make the tax cuts permanent."
- REFORMING THE TAX CODE: "However, making the tax cuts permanent is only the first step. We also need reform of the tax code that moves towards a tax system that encourages growth, fairness, and simplicity."
TAX FREE SAVINGS: Governor Romney Proposes Allowing People To Save Tax Free. "It is time to make saving easy in America. I believe people should be allowed to earn interest, dividends and capital gains up to a certain amount a year, tax free and without restrictions on how or when their savings and investments are spent. As an example, let's say we chose $5,000 for joint filers as the annual tax free figure for dividends, interest and capital gains. This would help middle class families to be able to save and to invest - and spend their savings the American way: any way they want."
FISCAL DISCIPLINE: Unless Given The Line-Item Veto, Governor Romney Would Veto Any Appropriations Bills If They Exceed Spending Targets. "I have a fairly simple idea for keeping spending in check. Give Congress a spending target and then insist that it is met. If Congress does not meet the spending targets, then its appropriations bills should be vetoed. I regularly exercised my veto power while governor. The alternative is for the Congress to vest the President with a power held in some form by 43 governors, including this Governor - the line-item veto."
REGULATORY RELIEF: Governor Romney Would Reinstitute A Regulatory Relief Board To Cut Back Regulations That Choke Off Growth. "Our regulatory burden is also overbearing. I'd re-institute a regulatory relief board to cut back the regulation weeds that choke off growth. One that deserves pruning is Sarbanes Oxley - it's driving away IPO's, depressing jobs, and requiring billions of unnecessary cost. Executives who violate the law should go to jail, but the entire economy shouldn't have pay an inordinate price for the sins of the few bad actors."
NATIONAL TORT REFORM: Governor Romney Believes America Needs National Tort Reform, Not Reform State-By-State. "Another burden on our economic future is our out-of-control tort system. Last year, U.S. corporations spent more money on tort claims than they did on R&D. If innovation is the key to our long term leadership, then some tort lawyers are cashing out our country's future. I spoke with one member of the plaintiff's bar the other day. He said that the tort lawyers are ok with state reform, but not national reform. You know what state level tort reform means - it means that as long as there is one lawsuit-friendly state, they can sue almost any major, deep-pocketed company in America. No thanks, America needs national tort reform."
FUEL EFFICIENCY: Governor Romney Would Evaluate Reforms To CAFE Standards To Develop A Better Way To Get Higher Fleet Mileage Without Market Distortions. "What does this mean for Detroit? Well, it means that the automotive fleet will have to become more fuel efficient. CAFE improved mileage initially, but the consumer has gotten around it over the last couple of decades. CAFE has some real problems. It distorts the market. It penalizes the domestic automakers. It can ignore technical realities. So before I would change the CAFE standards, I want to sit down with every major knowledgeable party and evaluate each of the alternatives. A good number have been proposed; let's decide which is the best course by looking at the data and analysis, rather than by playing to the TV cameras Let's not forget that a far more fuel efficient fleet must be part of our energy future. The issue is which is the least distorting way to achieve it."
Agreed. Very Reaganesque. And a big thumbs up to you! :)
The states don't have pesky Constitution to get around. ;)
I don't know the answer to your question. I'm still in the "gathering information about each and every possible candidate" mode. I see that someone else responded to your question though.
I want to research the Republican candidates the same way I research some item I wish to purchase. I want to know the good, the bad, and the ugly before I make a decision.
That's why he has a campaign team :)
I appreciate the additional information. Thank you.
Likewise! :)
ROFL! I do that! I even do that for products I want to buy. I type in the worst adjectives along with the key word I'm searching for to see the worst of the worst critiques. Then I go forward to the best. After that it is quite easy to see who, or what, is the best option. And that option usually falls between the two extremes, in that glorious place called, "the middle". ;)
There's no doubt about it; it sure pays to shop around. Maybe I'm just slower at decision making than some, but I can't imagine not taking the time and effort to "shop around" for the very best Republican candidate possible in these trying times before hanging my fox hat on the first person that says SOME of the things I want to hear. I don't expect perfection (because I'm not an idiot and do not believe in a place called "utopia") but I do prefer the chance to support someone who agrees with what I believe in more often than not.
Well, that IS a big problem.
Newt Gingrich better reassess his chances.. maybe making a deal with Duncan Hunter as VeeP..
I agree with you. It is too early to make a decision. I don't have anything against those who have already taken side, but I do hope that they will respect those of us who have chosen not to do so.
' I like Romney but this is a charade."
I agree.
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