• Mitt Romney, Republican candidate to the Presidential election 2008 and former Governor of
Massachusetts believes in the principle of reaganomics wherein you cut taxes which is believed to
bring in economic growth. According to him the budget should cut taxes on people earning incomes
less than $200,000 a year and also cut payroll taxes on people aged sixty five years or older.

• He supports setting up a national catastrophic fund to ensure that people are entitled to
home owners insurance in the event of some natural disasters like hurricanes, tornadoes etc.

• He brought forward an economic stimulus package with a price tag of $233 billion which is
aimed at generating long term growth incentives. This can be achieved by expensing capital
expenditures in the next two years and lowering corporate tax rate so that businesses will thrive
and generate revenue.

• He perpetrates the need for becoming energy independent by making investments in
alternative energy sources, reduce gas prices and reduce taxes on middle income Americans.

• Mitt Romney suggests bringing a cut in the 342 odd different economic programs. Of course
protecting the nation's defense and military personnel is important therefore allocation of funds
for their welfare is important.

• He believes that he can bring in savings worth $300 billion dollars in 10 years by capping
non defense discretionary spending at inflation minus 1% and will veto any budget that exceeds that
cap.

• He wants to be known as the job senator by convincing the government to cut deficits and
raise American's savings rate by making more capital available for companies for investment and
thereby increase employment opportunities.

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