Team Romney – 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.
“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 Romney. “My plan sends signals of stability to business leaders and investors around the world, conveys a process for accomplishing these goals, and draws on my leadership skills and real-world experience to integrate and implement a comprehensive economic policy.”
Part One: Jumpstart Pro-Growth Changes In Individual Taxation
- Make Permanent, Across-The-Board 20 Percent Cut In Marginal Rates
- Promote Savings And Investment For The American People
- Abolish The Death Tax
- Repeal The Alternative Minimum Tax (AMT)
Part Two: Make The Corporate Tax System Globally Competitive
- Cut The Corporate Rate To 25 Percent
- Strengthen And Make Permanent The R&D Tax Credit
- Switch To A Territorial Tax System
- Repeal The Corporate Alternative Minimum Tax (AMT)
Mitt Romney’s Fiscal Policy Proposals
- Cuts Programs That America Cannot Afford
- Sends To The States Programs That They Can Implement Better
- Improves Efficiency And Effectiveness
Social Security: For younger generations, gradually raise the retirement age and index the growth in benefits for higher-income retirees to inflation instead of wages.
Medicare: For younger generations, create a premium support system that gives each senior the freedom to choose among competing private plans and traditional fee-for-service Medicare. more> http://is.gd/Bf4zwk
Related articles
- Mitt Romney proposes cutting every American’s taxes by 20% (news.nationalpost.com)
- Why Mitt Romney wants to cut individual and business tax rates (csmonitor.com)
- Romney unveils plan to cut tax rates (marketwatch.com)
- Two Symbolic Tax Reform Plans from Obama and Romney (swampland.time.com)
By George Leopold – Rashkin argues that the R&D 
