FOR IMMEDIATE RELEASE CONTACT:
Romney Press OfficeFebruary 22, 2012 857-288-3610
RESTORE AMERICA’S PROMISE
More Jobs, Less Debt, Smaller Government
Increasing economic growth, employment, and incomes
is a cornerstone of Mitt Romney’s policy
agenda. Faster growth creates the jobs and generates the incomes to fund the aspirations of American families,the opportunities of American businesses, and the priorities of America as a nation.In September 2011, Romney introduced the most detailed plan for economic growth and job creation of anypresidential candidate. Two months later, Romney proposed groundbreaking reforms to cut spending, move thenation toward a balanced budget, and strengthen both Medicare and Social Security.
Today, Romney expands on his existing plans to restore America’s promise by introducing a bold, pro
-growthproposal to cut taxes. This proposal for fundamental tax reform cuts marginal rates by twenty percent forindividuals, broad
ens the tax base, and simplifies the code. When considered as a whole, Romney’s policy
prescriptions will jumpstart job creation, address the debt crisis, and make the federal government smaller,simpler, and smarter.
“America is not seeing robust econo
mic growth because such growth is impossible in the policy environment
created by President Obama,” said Romney. “
Rapidly rising federal spending and debt threatens our economicfuture, and the President has responded by proposing the largest tax increase in history. The result will only beless growth, fewer jobs, and more of the uncertainty that leads U.S. business leaders to sit on cash rather thanput it to work
Addressing this problem requires that America
turn away from the Obama administration’s
unprecedentedincreases in taxes, spending, and debt. Instead, government spending must be tamed, and the tax system mustbe reformed to create jobs and increase wages, while still raising the revenue needed for the
“The right way forward is a flatter, fairer, simpler tax system that generates the revenue we need to fund a smaller government that is restrained to its historical size,” said
. “My plan
sends signals of stability to businessleaders and investors around the world, conveys a process for accomplishing these goals, and draws on myleadership skills and real-world experience to integrate and implement a comprehensive economic policy.
Romney presented the details of his plan:
Mitt Romney’s Bold,
Pro-Growth Tax Cut Proposal
Reducing and stabilizing federal spending is essential, but breathing life into the present anemic recovery will alsorequire
fixing the nation’s tax code to focus on jobs and growth. To repair
nation’s tax code, marginal r
atesmust be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenueneeded to fund a smaller, smarter, simpler government. The principle of fairness must be preserved in federal taxand spending policy.
Part One: Jumpstart Pro-Growth Changes In Individual Taxation