Mitt Romney wrote an
op-ed for USA Today giving us a sneak preview of his 59 specific proposals to create jobs for America that he will unveil tomorrow. A copy of his plan can also be found on
his website.
Here's what he had to say to the American people:
Barack Obama has had his turn at fixing the American economy.
Millions of unemployed Americans can judge by their own experiences what
he has done and failed to do.
For my part, I believe America can do better.
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.
Tomorrow, I will introduce a plan consisting of 59 specific proposals
— including 10 concrete actions I will take on my first day in office —
to turn around America's economy. Each proposal is rooted in the
conservative premise that government itself cannot create jobs. At best,
government can provide a framework in which economic growth can occur.
All too often, however, government gets in the way. The past three years
of unparalleled government expansion have retaught that lesson all too
well.
Only the individual initiative of entrepreneurs, workers, investors
and inventors enables companies, and our economy as a whole, to
flourish. We must once again unleash the tremendous economic potential
of the American people. The contrast between what the Obama
administration has done and what I would do as president could not be
starker.
First, President Obama has raised or threatened to raise taxes on
both individuals and businesses. I would press hard in the opposite
direction. Marginal income tax rates and tax rates on savings and
investment must be kept low. Further, taxes on interest, dividends and
capital gains for middle-income taxpayers should be eliminated. Our
corporate tax rate is among the world's highest. It leaves U.S. firms at
a competitive disadvantage and induces them to park their profits
abroad, benefiting the rest of the world at our expense. I will fix
these problems with permanent solutions. Ultimately, I will press for a
total overhaul of our overly complex and inefficient system of taxation.
With scant regard for the costs imposed on consumers and businesses,
President Obama has vastly expanded the regulatory reach of government.
The federal government has estimated the price tag for its regulations
at $1.75 trillion. I will pare back regulation, including eliminating
"ObamaCare." I will direct every government agency to limit annual
increases in regulatory costs to zero. The impact of any proposed new
regulation must be offset by removing another regulation of equivalent
cost. Every one of President Obama's regulations must be scrutinized,
and those that unduly burden job creation must be axed.
Where President Obama left America's trade interests untended, I
recognize the job-creating potential of international commerce. I will
create the "Reagan Economic Zone," a partnership among countries
committed to free enterprise and free trade. It will serve as a powerful
engine for opening markets to our goods and services, and also a
mechanism for confronting nations like China that violate trade rules
while free-riding on the international system. I will not stand by while
China pursues an economic development policy that relies on the unfair
treatment of U.S. companies and the theft of their intellectual
property. I have no interest in starting a trade war with China, but I
cannot accept our current trade surrender.
The Obama administration has severely restricted domestic energy
production. I will ensure we utilize to the fullest extent our nation's
nuclear know-how and immense reserves in oil, gas and coal. By
rationalizing and streamlining regulation, we will harness these
resources everywhere it can be done safely, taking into account local
concerns. A huge number of jobs is at stake. So, too, is the price of
energy, which strongly influences economic growth. We are an energy-rich
country that, thanks to environmental extremism, has chosen to live
like an energy-poor country. That has to end.
Seeking to pay back political favors, President Obama has catered to
the institutional interests of union bosses at the expense of both
workers and businesses. I will fight against measures that deprive
workers of basic rights, such as the secret ballot. And I will not
tolerate federal intrusions of the kind that the National Labor
Relations Board initiated when it filed suit against Boeing for opening a
plant in a right-to-work state.
We also need a rational system for worker retraining, instead of the
existing 47 separate programs run by nine federal agencies. America can
have the world's most competitive workforce, and under my leadership, we
will.
Finally, President Obama has engaged in a massive spending binge of
choice. He threw dollars at every problem he encountered, running up the
national debt and accomplishing worse than nothing in exchange. I will
restore fiscal discipline by cutting the federal budget and placing an
ironclad cap on spending. I will also press for a Constitutional
amendment to balance the budget. Tellingly, while the private sector
shed 1.8 million jobs since Barack Obama took office, the federal
workforce grew by 142,500, or almost 7%. A rollback is urgently
required.
As this catalogue of differences makes clear, our country has arrived
at a fork in the road. In one direction lies the heavy hand of the
state, indebtedness and decline. In the other direction lies limited
government, free enterprise and economic growth. I know which direction
is the American way. And I know in which direction lie the millions of
jobs we need.
- Mitt Romney