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Presidential hopeful Mitt Romney has launched his own jobs plan ahead of the president’s address to the nation on Thursday. On Tuesday, Romney detailed his 59 specific proposals to improve the nation’s economy and create jobs.
“At best, government can provide a framework in which economic growth can occur. All too often, however, government gets in the way,” Romney wrote in an opinion piece in USA Today that previewed his 160-page plan. “The past three years of unparalleled government expansion have retaught that lesson all too well.”
Romney’s plan, no surprise, includes lowering the tax rate for corporations to encourage more corporations to keep profits in the U.S. This comes just weeks after Romney stated that “corporations are people.” Romney also proposes to eliminate tax on interests, capital gains and dividends. Romney’s campaign stated that these proposals specifically target middle class Americans, however few middle class Americans pay those types of taxes.
Romney criticized Obama for expanding federal regulations. He announced a proposal to ensure that new regulations at government agencies do not cost money. If a new set of rules raises costs for businesses, Romney would require that a different set of regulations be eliminated.
“I have spent most of my career in the private sector starting new businesses and turning around ailing ones. Unlike career politicians who’ve never met a payroll, I know why jobs come and go,” Romney wrote in USA Today, again a jab at Texas Gov. Rick Perry, who has held public office since he was elected as a Texas state representative in 1985.
Democrats criticized Romney’s plan, even before he rolled it out. Brad Woodhouse, a spokesman for the Democratic Party, said: “Mitt Romney has promised an economic plan that is bold and sweeping. But if the past months have shown anything, what Americans are really likely to get is more of the same tired rhetoric and worn out ideas which have failed America in the past.”
Although there is nothing new or different in this plan (lower taxes, reduce regulations), at least Romney is proposing something. The Republican Party in general has not offered any real solutions to the economy. The Republicans are known as the “Party of No” for a reason.
They are quick to criticize the president, congress and everyone else without suggesting any alternatives. Of course, the hocus pocus magic of lowering taxes and reducing regulations does not help the economy (see: George W. Bush’s 8 years) but Mittens is trying to set himself apart in the crowded GOP field.