Saturday, January 19, 2008

Mitt's Plan to Fix the Economy

I just saw Mitt Romney's plan to keep our country's economy strong. Looks like a great package, with something for everybody!

Romney has proposed:
  • To permanently cut in the lowest income tax bracket to 7.5 percent from 10 percent.
  • To make that cut immediately retroactive to 2007 tax liabilities.
  • To permanently eliminate Social Security payroll taxes for workers over 65.
  • To provide 100 percent expensing of new equipment purchased by businesses over two years retroactive to Jan 1 2008.
  • To permanently reduce the corporate tax rate to 20 percent from 35 percent over two years.
  • To permanently eliminate capital gains and dividends taxes on households earning under $200,000 a year, an idea he has previously proposed.

Nobody else has the business and economic insight to create a comprehensive economic plan like Mitt.

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