“hen why was he for the big rebate? you know what he said? http://www.mittromney.com/News/Press-Releases/Romney_Agenda_1.19 Permanently Reduce The Lowest Income Tax Bracket to 7.5%. Permanently cutting taxes for all taxpayers will put more money in workers’ pockets and stimulate consumer confidence and spending.
huh??????”
SINCE WHEN IS A TAX CUT A BAD THING? His statements are not incorrect.
And why are you being selective here? That is ONE of his several tax cuts. His most significant tax cut proposals are to cut the corporate tax rate and *eliminate* middle class income taxes on investment earnings!
Romney’s Economic Stimulus Plan:
* Reduce the lowest income tax bracket to 7.5%.
* Eliminate payroll taxes on seniors.
* Eliminate savings, capital gains and dividend taxes for those earnining less that $200,000.
* Reduce the corporate tax rate to 20%.
* Allow 100% expensing of equipment for two years.
* Expand Federal Housing Administration (FHA) loan portfolio limits to allow larger loans to homeowners. Expand NeighborWorks program.
(Source: MittRomney.com, The Romney Economic Stimulus Plan, January 19, 2008)
Romney’s Economic Platform: Mitt Romney would push for a fivefold increase in spending on energy and automotive technologies. He would also overhaul the tax code and fight new regulations, including tougher fuel-economy requirements for cars and trucks that Congress recently passed and Bush signed into law.
* Make Bush tax cuts permanent.
* Cut all tax rates.
* Eliminate death tax.
* No increases in Social Security taxes.
* Pass amnesty “patch” for middle income taxpayers to avoid excessive Alternative Minimum Tax.
* Make Research & Development tax credit permanent.
http://useconomy.about.com/od/fiscalpolicy/p/Mitt_Romney.htm
Romney on economy:
http://www.cnbc.com/id/17044699
ROMNEY IS THE SUPPLY SIDE CANDIDATE. The other guys arent even close:
http://www.humanevents.com/article.php?id=19856
“The Romney campaign is staffed by a number of experienced policy heavyweights. Leading the economic team are R. Glenn Hubbard, dean of Columbia University Graduate School of Business, and N. Gregory Mankiw, a visiting fellow at the American Enterprise Institute and a free-market economist at Harvard. Hubbard was the chairman of President Bush’s National Economic Council from 2001 to 2003. Mankiw took the position until 2005.”
“ogether, these men are considered the chief architects of the Bush tax cuts. Over the course of the campaign, these advisers are expected to give Romney the upper hand over Sen. John McCain (R.-Ariz.) on taxes.When McCain infamously voted against the Bush 2003 tax cuts, he forced Vice President Dick Cheney to go to Capitol Hill to cast a tie-breaking vote in favor of them. The Arizona senator’s tax policies were recently the target of a lengthy attack by Club for Growth President Pat Toomey, who said, “American taxpayers cannot expect consistently pro-growth economic policies from a McCain Administration.”
Economist John Cogan, a senior economic advisor to George W. Bush when he was Texas governor and who directed his budget transition team, will be another key economic adviser and a major player on the Romney campaign team. Cogan has served as assistant secretary for policy at the Department of Labor, associate director in the U.S. Office of Management and Budget and as OMB deputy director.
Former Special Assistant to President Bush on economic policy Brian Reardon, another veteran of Bush’s NEC shop, has also joined the Romney campaign. Reardon has front-line battle experience on tax policy from his service as staff director and chief economist of the Senate Republican Policy Committee. Former domestic policy adviser to Vice President Cheney and renowned tax strategist Cesar Conda has joined the Romney economic brain trust as well.”
“He also attacked McCain for wanting to cut government spending” - distortion: Romney supports lower spending and pledged to cap discretionary spending to below inflation and mentioned the need for entitlement reforms, proposing a very good set of ideas that would save social security!!
Here is what he criticized McCain on - GLOBALONEY:
http://blog.electromneyin2008.com/2008/01/28/gov-romney-on-mccain-lieberman/