Has said he doesn't want to raise taxes on the middle class, but would on the rich class. Revealed a plan in February to change the corporate tax rate from 35% to 28%, and pay for the reduction by removing "dozens" of business tax breaks. Extend Bush-era tax cuts for those earning less than $200,000 (single) or $250,000 (married). Plan would hurt small business owners, many of whom earn over $250,000 in hopes of making up some of the revenue lost by the government. Future plan to create $6.4 trillion annual deficits between 2013 and 2022. Unemployment rate hasn't changed much, rate still around 8.2%. Tried to improve manufacturing jobs in the United States and push exports through free trade agreements, and support education and training.
Romney:
Wants to cut taxes, reduce current top paid rate from 35% to 28%. Said he also plans to eliminate the Alternative Minimum Tax. Tax cuts are said to increase economic growth and fill in some of the revenue gap. He has prepared to limit deductions, exemptions, and credits to finish the job. Repeal the Affordable Care law and reducing federal government work force to reduce spending. Repeal health care reform, privatizing Amtrak, cut funding to Planned Parenthood, cut funding for the National Endowment for the Arts, and cut foreign aid.. Improve efficiency and effectiveness by reducing federal work force and waste. To increase jobs, he wants to put heavy investment in "Human Capital", retain workers and develop a competitive American workforce by raising visa caps for skilled workers.
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