This is a very brief
summation of Mitt Romney’s plan, found on his website {Click on "Issues" icon"}. Obama’s website here {Click on "Issues" icon} Not so much on the details on Obama's site, but some feel good stuff and dubious claims. Best of the
best here is abolishing Obamacare, cutting spending (with a plan how to do it), opening energy production back up and how to do it, reducing taxes and which ones, and regulations that can be curtailed. Here
are some of the details.
On Obamacare:
On his first day in office, Mitt Romney will issue an executive order that
paves the way for the federal government to issue Obamacare waivers to all
fifty states. He will then work with Congress to repeal the full legislation as
quickly as possible.
In place of Obamacare, he
will pursue policies that give each state the power to craft a health care
reform plan that is best for its own citizens. The federal government’s role
will be to help markets work by creating a level playing field for competition.
On Spending: Bring
federal spending below 20 percent of GDP by the end of his first term: Reduced
from 24.3 percent last year; in line with the historical trend between 18 and
20 percent, close to the tax revenue generated by the economy when healthy;
Requires spending cuts of approximately $500 billion per
year in 2016 assuming robust economic recovery with 4% annual growth, and
reversal of Obama-era defense cuts. Pass the House Republican Budget proposal,
rolling back President Obama’s government expansion by capping non-security
discretionary spending below 2008 levels.
On Taxes: Make
permanent, across-the-board 20 percent cut in marginal rates
Maintain current tax rates on interest, dividends, and
capital gains
Eliminate taxes for taxpayers with AGI below $200,000 on
interest, dividends, and capital gains.
Eliminate the Death Tax
Repeal the Alternative Minimum Tax (AMT)
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)
On Energy:
Establish fixed timetables for all resource development
approvals
Create one-stop shop to streamline permitting process for
approval of common activities
Implement fast-track procedures for companies with
established safety records to conduct pre-approved activities in pre-approved
areas
Ensure that environmental laws properly account for cost in
regulatory process
Amend Clean Air Act to exclude carbon dioxide from its
purview
Expand NRC capabilities for approval of additional nuclear
reactor designs
Streamline NRC processes to ensure that licensing decisions
for reactors on or adjacent to approved sites, using approved designs, are
complete within two years.
Conduct comprehensive survey of America’s energy reserves
Open America’s
energy reserves for development
Expand opportunities for U.S. resource developers to forge
partnerships with neighboring countries
Support construction of pipelines to bring Canadian oil to
the United States
Prevent overregulation of shale gas development and
extraction
On Labor:
Appoint to the NLRB experienced individuals with respect for
the rule of law
Amend NLRA to explicitly protect the right of business owners
to allocate their capital as they see fit
Reverse executive orders issued by President Obama that tilt
the playing field toward organized labor
Amend NLRA to guarantee the secret ballot in every union
certification election
Amend NLRA to guarantee that all pre-election campaigns last
at least one month
Support states in pursuing Right-to-Work laws
Prohibit the use for political purposes of funds
automatically deducted from worker paychecks
On Regulations:
Repeal Obamacare
Repeal Dodd-Frank and replace with streamlined, modern
regulatory framework
Amend Sarbanes-Oxley to relieve mid-size companies from
onerous requirements
Initiate review and elimination of all Obama-era regulations
that unduly burden the economy
Ensure that environmental laws properly account for cost in
regulatory process
Provide multi-year lead times before companies must come
into compliance with onerous new environmental regulations
Impose a regulatory cap of zero dollars on all federal
agencies
Require congressional approval of all new “major” regulations
Reform legal liability system to prevent spurious litigation
