romney’s new groove presentation by: richard ewane, justin florek, maryjo guthrie, austin moyer...
TRANSCRIPT
Romney’s New GrooveRomney’s New Groove
Presentation by: Richard Ewane, Justin Florek, MaryJo Guthrie, Austin Moyer
IBEC 203-01: Macroeconomics
He Touts Expertise as Focus Shifts to Economy
Article By: Elizabeth Holmes
• Fed lowers interest rate twice in the last two weeks
• Housing market falling
• Stock Market falling
• Recession?
Class vote: which Republican candidate would you vote for?
Economic Uncertainty makes 2008 Economic Uncertainty makes 2008 Nominations HazyNominations Hazy
Hear it from the man himself!Hear it from the man himself!
Individuals:Individuals: – reduce the lowest income tax bracket, reduce the lowest income tax bracket,
– permanently eliminate payroll taxes on seniorspermanently eliminate payroll taxes on seniors
– make middle-class savings tax free. make middle-class savings tax free.
Businesses:Businesses: – institute immediate 100% expensing of equipment for two institute immediate 100% expensing of equipment for two
yearsyears
– permanently reduce the corporate tax rate. permanently reduce the corporate tax rate.
Romney’s Economic PlanRomney’s Economic Plan
Homeowners:Homeowners: – reform and expand Federal Housing Administration (FHA) reform and expand Federal Housing Administration (FHA)
loan portfolio limits to allow larger loans to homeowners. loan portfolio limits to allow larger loans to homeowners.
In Addition:In Addition:
– Make Bush Tax Cuts PermanentMake Bush Tax Cuts Permanent
– Kill Death TaxKill Death Tax
– Oppose any increase in social security taxesOppose any increase in social security taxes
John McCain’s PlanJohn McCain’s Plan
– Cut The Corporate Tax Rate From 35% To Cut The Corporate Tax Rate From 35% To 25% 25%
– Allow First-Year Deduction, Or “Expensing”, Of Allow First-Year Deduction, Or “Expensing”, Of Equipment And Technology Investments. Equipment And Technology Investments.
– Establish Permanent Tax Credit Equal To 10 Establish Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D.Percent Of Wages Spent On R&D.
Romney’s Opposition: McCainRomney’s Opposition: McCain
John McCain’s PlanJohn McCain’s Plan
– Cut taxes for Middle class familiesCut taxes for Middle class families
– Pro-Growth Tax Policy Pro-Growth Tax Policy
– Pro-innovation Tax CutsPro-innovation Tax Cuts
His reaction to RomneyHis reaction to Romney
Romney’s Opposition: McCainRomney’s Opposition: McCain
Mike Huckabee’s PlanMike Huckabee’s Plan
–5 F’s Stimulus Package: Family, Fed., Fight, 5 F’s Stimulus Package: Family, Fed., Fight, Fuel, FairFuel, Fair
–Family: reduce healthcare and education Family: reduce healthcare and education costscosts
–Fed. Reserve: low inflation, pro-growthFed. Reserve: low inflation, pro-growth
Romney’s Opposition: HuckabeeRomney’s Opposition: Huckabee
Mike Huckabee’s PlanMike Huckabee’s Plan
–Fight: Increase defense spending, train more Fight: Increase defense spending, train more troops, fence US/Mexican bordertroops, fence US/Mexican border
–Fuel: End foreign dependenceFuel: End foreign dependence
–Fair: Preserve current tax cuts and expandFair: Preserve current tax cuts and expand
Romney’s Opposition: HuckabeeRomney’s Opposition: Huckabee
Romney’s experience gives Romney’s experience gives him a great advantagehim a great advantage
Economy a huge issue, but Economy a huge issue, but not the only concernnot the only concern
Public Opinion: Two SidesPublic Opinion: Two Sides
Romney has had a focus on the economy from Romney has had a focus on the economy from the startthe start
He’s a seasoned business who voters can trust He’s a seasoned business who voters can trust with the economywith the economy
His experience as a governor will help him with His experience as a governor will help him with the other issuesthe other issues
He’s got an edge over his competitionHe’s got an edge over his competition
ConclusionConclusion
What do you think now?What do you think now?
Romney’s New GrooveRomney’s New GrooveBy Elizabeth HolmesBy Elizabeth Holmes
Wall Street Journal, January 26th, 2006, Page A4Wall Street Journal, January 26th, 2006, Page A4
Mitt Romney’s Official WebsiteMitt Romney’s Official Websitehttp://www.mittromney.com/
John McCain’s Official WebsiteJohn McCain’s Official Websitehttp://www.johnmccain.com/
The Swamp: Political BlogThe Swamp: Political Bloghttp://www.swamppolitics.com/news/politics/blog/http://www.swamppolitics.com/news/politics/blog/
SourcesSources
Questions?Questions?