Who is Mitt Romney?

Mitt Romney's Platform and Campaign Promises

"Day One, Job One"- submit a jobs package to Congress with at least 5 major proposals to improve the economy and jobs and demand that Congress act on it within 30 days. He will also issue 5 executive orders to "get the government out of the way of the economy." 

5 bills to Congress-

1. American Competitiveness Act- reduce corporate income tax to 25 percent

2. Open Markets Act- Implements free trade with Columbia, South Korea, and Panama

3. Domestic Energy Act-  directs the Dept of Interior to survey all American energy reserves in partnership with exploration companies and initiates leasing in all areas currently approved for exploration.

4. Retraining Reform Act - Consolidates the sprawl of federal retraining programs and returns funding and responsibility to the states.

5. Down Payment on Fiscal Sanity Act- Immediately cuts non-security discretionary spending by 5%, reducing the annual federal budget by $20 billion.

5 Executive Orders-

1. An Order to Pave the Way to End Obamacare- directs the Secretary of Health and Human Services (and relevant others) to return maximum authority to the states to create health care reform that works best for them. 

2. Order to Cut Red Tape- Directs all agencies to end Obama-era red-tape that limits job creation, and then caps annual increases in regulatory costs at zero dollars.

3. Order to Boost Domestic Energy Production- Directs the Dept of Interior to implement a process to issue drilling permits to developers with good safety records in a more rapid fashion.

4. Sanction to China for Unfair Trade Practices- Directs the Department of the Treasury to list China as a currency manipulator. And directs the Department of Commerce to assess countervailing duties on Chinese imports if China does not quickly move to float its currency.

5. Order to Empower American Businesses and Workers- Reverses the executive orders issued by President Obama that favor organized labor, including encouraging the use of union labor on major government construction projects. 

Taxes-

As President he will-

Lower tax rates and broaden the tax base so that taxation becomes an instrument for promoting economic growth.
Not increase individual income tax rates

Eliminate taxes on interest, dividends, and capital gains for low- and middle-income taxpayers. 

Eliminate the estate tax.

Will lower and "flatten" tax rates for lower and middle-income taxpayers.

Reform the corporate tax system.
Lower the corporate income tax rate, and then explore opportunities to further lower the marginal rate
Begin the process of transitioning to a territorial corporate tax system. A territorial system must be designed to encourage multinational companies to bring their profits back into the U.S. and it must avoid the creation of incentives for outsourcing.

Trade-

Will submit pending Free Trade Agreements to Congress, conclude the Trans-Pacific Partnership negotiations, and seek Trade Promotion Authority to pursue new trading relationships. 

Will create the “Reagan Economic Zone,” a multilateral trading bloc open to any country committed to the principles of open markets and free enterprise.

Healthcare Reform-

Repeal and replace President Obama’s health care law. 

Give states the responsibility, flexibility, and resources to act - empower states to expand health care access to low-income Americans by block-granting funds for Medicaid and the uninsured. Offer  states resources to help the chronically ill, to improve their access to care, and to improve the functioning of insurance markets for others.

Empower individuals to purchase their own insurance - expand the tax deduction to also include individuals who buy their own health insurance.

Make health care more like a market and less like a government program - strengthen health savings accounts (HSAs), which help consumers save for health expenses and choose cost-effective insurance. For example, permit HSA funds to pay for health insurance premiums. The market reforms Mitt is proposing will drive down costs, better inform consumers, and improve the quality of health care.

Political Accomplishments

800 vetoes as governor as he brought conservative principles to state government. 

Cut red tape for small businesses, signed into law job-creating incentives, and fought hard to bring new businesses to Massachusetts. 

Eliminated a $3 billion deficit without borrowing or raising taxes. 

By the end of his term as governor, the state had accumulated a $2 billion rainy day fund.

Advocated tolerance and supported some domestic partnership benefits

Professional Background-

Founder of investment firm Bain Capital (1984)

Under his leadership Bain Capital launched or rebuilt hundreds of companies, including Staples, Domino's Pizza, and The Sports Authority.

Governor of Massachusetts (2002)

President and CEO, Salt Lake Olympics Steering Committee, 2002 Winter Olympics

BA from Brigham Young University

JD, MBA Harvard Law and Business Schools

Mitt Romney's Personal Background

Born and raised in Michigan

Married to Ann for 42 years. 

Five sons, sixteen grandchildren

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