Making The 2001 And 2003 Tax Cuts Permanent: "Which course is better for America? A European model of high taxes and regulations? Or, low taxes and free trade - the Ronald Reagan model? That's the choice the next President will make. Some are already fighting to implement a massive tax increase. Instead, we should make the tax cuts permanent."
Fiscal Discipline: Unless Given The Line-Item Veto, Governor Romney Would Veto Any Appropriations Bills If They Exceed Spending Targets. "I have a fairly simple idea for keeping spending in check. Give Congress a spending target and then insist that it is met. If Congress does not meet the spending targets, then its appropriations bills should be vetoed. I regularly exercised my veto power while governor. The alternative is for the Congress to vest the President with a power held in some form by 43 governors, including this Governor - the line-item veto."
Sunday, February 11, 2007
Mitt Romney wants a line item veto; would cut regulations on business
Mitt Romney believes economic growth is being "choked off" by excessive taxation and spending, regulations and other burdens on businesses. He would loosen up the Sarbanes-Oxley act, which was written in response to the multiple corporate scandals including the collapse of Enron and WorldCom. He also believes that the businesses are burdened by an "out-of-control" tort system, blaming lawyers for "cashing out our country's future". He wants national laws governing these torts, rather than allowing forum shopping at the state level.