Thread: Mitt Romney's economic Job Plan--Here it is.

Damn. I'm going to have to pay some more attention to Mitt there. This is well done.

In his economic plan, I would change the reduction of income taxes to the Middle Class instead of the corporations. The Middle Class are the main consumers in our economy, they should more buying power.

Edit: It would be nice to have more cuts in either medicare or military spending. they are the big 2 that contribute to most of our debt

Lowering Income Taxes significantly to the middle and poor class, and replacing it by introducing a VAT tax, therefore its optional and more simpler for the citizens to be taxed

Originally Posted by Oreo

4% growth for 4 years which would create 11 million private sector jobs-lower the tax rate on corporations to keep jobs here and or bring them back from overseas- and eliminate the capital gains tax for the middle class or those earning under 200 K per year--and eliminate many of the regulations that have a boot on the necks of business in this country.

I haven't read the entire proposal as yet--but so far it looks real good to me.

Here it is--complete version:

http://www.mittromney.com/sites/defa...omicGrowth.pdf

I have to still look at the plan, but the part I bold of what you said would suggest his plan should be extremely disliked by the majority of republicans/rightwingers/tea partiers because although its a tax cut, its implementing a progressive capital gains system. Rightwingers as a rule hate it when the rich pay a higher rate of tax than the poor or middle class. Maybe he'll pitch it as the first step to eliminating the capital gains tax for the rich and get away with it though.

Cripes Mitt!

88 pages?

Some of us are still lucky to be working.

Of course the complete list is at the very end...

Appendix:
59 Policy Proposals That Will Get America Back To Work
1. Maintain current tax rates on personal income
2. Maintain current tax rates on interest, dividends, and capital gains
3. Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
4. Eliminate the death tax
5. Pursue a conservative overhaul of the tax system over the long term that includes lower, flatter rates on a broader base
6. Reduce corporate income tax rate to 25 percent
7. Pursue transition from “worldwide” to “territorial” system for corporate taxation
8. Repeal Obamacare
9. Repeal Dodd-Frank and replace with streamlined, modern regulatory framework
10. Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements
11. Ensure that environmental laws properly account for cost in regulatory process
12 Provide multi-year lead times before companies must come into compliance with onerous new environmental regulations
13. Initiate review and elimination of all Obama-era regulations that unduly burden the economy
14. Impose a regulatory cap of zero dollars on all federal agencies
15. Require congressional approval of all new “major” regulations
16. Reform legal liability system to prevent spurious litigation
17. Implement agreements with Colombia, Panama, and South Korea
18. Reinstate the president’s Trade Promotion Authority
19. Complete negotiations for the Trans-Pacific Partnership
20. Pursue new trade agreements with nations committed to free enterprise and open markets
21. Create the Reagan Economic Zone
22. Increase CBP resources to prevent the illegal entry of goods into our market
23. Increase USTR resources to pursue and support litigation against unfair trade practices
24. Use unilateral and multilateral punitive measures to deter unfair Chinese practices
25. Designate China a currency manipulator and impose countervailing duties
26. Discontinue U.S. government procurement from China until China commits to GPA
27. Establish fixed timetables for all resource development approvals
28. Create one-stop shop to streamline permitting process for approval of common activities
29. Implement fast-track procedures for companies with established safety records to conduct pre-approved activities in pre-approved areas
30. Amend Clean Air Act to exclude carbon dioxide from its purview
31. Expand NRC capabilities for approval of additional nuclear reactor designs
32. Streamline NRC processes to ensure that licensing decisions for reactors on or adjacent to approved sites, using approved designs, are complete within two years
33. Conduct comprehensive survey of America’s energy reserves
34. Open America’s energy reserves for development
35. Expand opportunities for U.S. resource developers to forge partnerships with neighboring countries
36 Support construction of pipelines to bring Canadian oil to the United States
37. Prevent overregulation of shale gas development and extraction
38 Concentrate alternative energy funding on basic research
39. Utilize long-term, apolitical funding mechanisms like ARPA-E for basic research
40. Appoint to the NLRB experienced individuals with respect for the rule of law
41. Amend NLRA to explicitly protect the right of business owners to allocate their capital as they see fit
42. Amend NLRA to guarantee the secret ballot in every union certification election
43. Amend NLRA to guarantee that all pre-election campaigns last at least one month
44. Support states in pursuing Right-to-Work laws
45. Prohibit the use for political purposes of funds automatically deducted from worker paychecks
46. Reverse executive orders issued by President Obama that tilt the playing field toward organized labor
47. Eliminate redundancy in federal retraining programs by consolidating programs and funding streams, centering as much activity as possible in a single agency
48. Give states authority to manage retraining programs by block granting federal funds
49. Facilitate the creation of Personal Reemployment Accounts
50. Encourage greater private sector involvement in retraining programs
51. Raise visa caps for highly skilled workers
52. Grant permanent residency to eligible graduates with advanced degrees in math, science, and engineering
53. Immediately cut non-security discretionary spending by 5 percent
54. Reform and restructure Medicaid as block grant to states
55. Align wages and benefits of government workers with market rates
56. Reduce federal workforce by 10 percent via attrition
57. Cap federal spending at 20 percent of GDP
58. Undertake fundamental restructuring of government programs and services
59. Pursue a Balanced Budget Amendment

A lot of good stuff in there.