I saw how Mitt has gone from extreme right to right center in the last week and I thought I would compare his policies with Obamas Republican predecessor that Republicans so conveniently forget about. Here is what I found. GW Bush platform from 2003: 1. Compassionate Conservatism: The Bush campaign made extensive use of the "Compassionate conservatism" concept, based in large part on a book by Marvin Olasky of the same name, with a Foreword by then-governor Bush. 2. Foreign Affairs: Bush promised a humble foreign policy with no nation building. He had criticized the Clinton-Gore Administration for being too interventionist: "If we don't stop extending our troops all around the world in nation-building missions, then we're going to have a serious problem coming down the road. And I'm going to prevent that". 3.
- His 2003 tax proposal offers a sweeping package of tax cuts and incentives that would eliminate all federal taxes on stock dividends, quick tax relief for married couples and a $400 per child increase in the tax credit for families with children. Economists are divided on the effectiveness of Bush's proposals for helping the economy. John Leonard, the chief of North American equities for UBS Global Asset Management, said eliminating the dividends tax would spur the economy by sending more money into the economy; on the other hand, other economists, including Allen Sinai of Decision Economics and Andrew F. Brimmer, a former Federal Reserve Board member who heads a consulting firm, argued that the dividends tax cut would be largely ineffective  . The administration's proposal would also lower taxes for small business owners by expanding the amount of equipment purchases they can write off as deductions from the current $25,000 to $75,000. Opponents argue that this tax proposal would primarily benefit the rich. According to a New York Times analysis published on January 21, 2003, $364 billion out of the $674 billion "economic stimulus" plan is devoted towards eliminating the tax on dividends; however, the poorest fifth of Americans have an average of $25 in dividend income, while the richest fifth have $1,188. The Urban Institute-Brookings Institution Tax Policy Center produced the following table describing the impact of Bush's plan on average taxpayers:
(thousands of dollars)Average Savings
- The No Child Left Behind Act provides increased funding for schools, while requiring greater accountability for results. It gives parents the option to transfer their children to another school, if the current school is failing. It requires teachers to have a degree specific to the subject they are teaching, which had not been federally required in the past. It also makes high school academic records available to military recruiters. 5.
- Energy: The Bush campaign supports a comprehensive energy reform bill which includes initiatives for energy conserving technologies as well as decreasing the foreign dependence on oil through increased domestic production and the use of non-fossil fuel based energy production methods.
- Drilling in the Arctic National Wildlife Refuge (ANWR) and other domestic fields would decrease dependence on oil imports, particularly from the Middle East. However, many environmentalists hold that it will produce such small amounts of petroleum as to be effectively useless and will needlessly harm the environment. 6. Redesign of military with emphasis on supermodern hardware, flexible tactics, speed, less international deployment, fewer troops. This includes developing a system to defend against ballistic missile attacks, despite strong objections both domestically and internationally. Many commentators were critical of Bush when, in his very first policy statement after the September 11, 2001, terrorist attacks, Bush reiterated his intent to place missile attack intervention highest on his list of priorities (despite the fact that no such system could have prevented the type of sneak attack the country had really, not theoretically, experienced). However, other commentators have endorsed Bush's position, noting, for example, the continuing development of long-range missile technology by North Korea, along with that country's threats to resume its nuclear weapons program......................................................................................................................................................So I decided to go look at Romneys policies and this is what I found. Romney's plan: • Stop Runaway Federal Spending And Debt. o Reduce federal spending as a share of GDP to 20 percent – its pre-crisis average – by2016.o In so doing, reduce policy uncertainty over the need for future tax increases.• Reform The Nation’s Tax Code To Increase Growth And Job Creation. o Reduce individual marginal income tax rates across-the-board by 20 percent, whilekeeping current low tax rates on dividends and capital gains. Reduce the corporateincome tax rate – the highest in the world – to 25 percent.o Broaden the tax base to ensure that tax reform is revenue-neutral.• Reform Entitlement Programs To Ensure Their Viability. o Gradually reduce growth in Social Security and Medicare benefits for more affluentseniors. Give more choice in Medicare to improve value in health care spending.o Block grant the Medicaid program to states, enabling experimentation to better fit localsituations.• Make Growth And Cost-Benefit Analysis Important Features Of Regulation. o Remove regulatory impediments to energy production and innovation that raise costs toconsumers and limit job creation.o Repeal and replace the Dodd-Frank Act and the Patient Protection and Affordable CareAct. The Romney alternatives will emphasize better financial regulation and market-oriented, patient-centered health care reform. Mitt on Taxes:
America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.
- Make permanent, across-the-board 20 percent cut in marginal rates
- Maintain current tax rates on interest, dividends, and capital gains
- Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
- Eliminate the Death Tax
- Repeal the Alternative Minimum Tax (AMT)
The U.S. economy’s 35 percent corporate tax rate is among the highest in the industrial world, reducing the ability of our nation’s businesses to compete in the global economy and to invest and create jobs at home. By limiting investment and growth, the high rate of corporate tax also hurts U.S. wages.
- Cut the corporate rate to 25 percent
- Strengthen and make permanent the R&D tax credit
- Switch to a territorial tax system
- Repeal the corporate Alternative Minimum Tax (AMT)
Mitt on Regulation:
Mitt Romney will treat regulatory costs like other costs: he will establish firm limits for them. A Romney administration will act swiftly to tear down the vast edifice of regulations the Obama administration has imposed on the economy. It will also seek to make structural changes to the federal bureaucracy that ensure economic growth remains front and center when regulatory decisions are made.
Eliminate Undue Economic Burdens
One of the greatest problems with the federal bureaucracy is that each incoming presidential administration leaves in place much of what its predecessor constructed. The result is layer upon layer of often unnecessary or inconsistent regulation. President Obama has compounded this problem with unprecedented federal power grabs over wide swaths of the economy. Obama-era laws and regulations must be rolled back, and pre-existing ones must be carefully scrutinized.
- Repeal Obamacare
- Repeal Dodd-Frank and replace with streamlined, modern regulatory framework
- Amend Sarbanes-Oxley to relieve mid-size companies from onerous requirements
- Initiate review and elimination of all Obama-era regulations that unduly burden the economy
Reform Environmental Regulation
As president, Mitt Romney will eliminate the regulations promulgated in pursuit of the Obama administration’s costly and ineffective anti-carbon agenda. Romney will also press Congress to reform our environmental laws to ensure that they allow for a proper assessment of their costs.
- Ensure that environmental laws properly account for cost in regulatory process
- Provide multi-year lead times before companies must come into compliance with onerous new environmental regulations
Adopt Structural Reforms
An agency may be able to conceive of ten different regulations, each imposing costs of $10 billion while producing at least as much in social benefit. Moving forward might sound like a great idea to the typical regulator. But imposing those regulations, no matter what the social benefits, has a similar effect to raising taxes by $100 billion. Regulatory costs need to be treated like the very real costs they are.
- Impose a regulatory cap of zero dollars on all federal agencies
- Require congressional approval of all new “major” regulations
- Reform legal liability system to prevent spurious litigation
Mitt on National Defense:
As Commander-in-Chief, Mitt Romney will keep faith with the men and women who defend us just as he will ensure that our military capabilities are matched to the interests we need to protect. He will put our Navy on the path to increase its shipbuilding rate from nine per year to approximately fifteen per year, which will include three submarines per year. He will also modernize and replace the aging inventories of the Air Force, Army, and Marines, and selectively strengthen our force structure. And he will fully commit to a robust, multi-layered national ballistic-missile defense system to deter and defend against nuclear attacks on our homeland and our allies.
This will not be a cost-free process. We cannot rebuild our military strength without paying for it. Mitt Romney will begin by reversing Obama-era defense cuts and return to the budget baseline established by Secretary Robert Gates in 2010, with the goal of setting core defense spending—meaning funds devoted to the fundamental military components of personnel, operations and maintenance, procurement, and research and development—at a floor of 4 percent of GDP............"HAVE WE NOT BEEN HERE BEFORE? I know they do not sound identical but Bush and Romneys policies fall on the same political principle. I just have one question. If you were not rich between 2000 and 2008 how did those years work for you? Do we really need to go back to it? Mitt says all his policies will cost the taxpayer nothing, will not raise middle class taxes, and will not increase the deficit. Repeatedly he has been asked how he will do all this and he has yet to respond. I find another great President has a uniqe view on Mitt Romney and the Republican Ideology for economic growth. See for yourself.
FDR tells the truth about the leaders of the modern Republican party. Somehow, in 1936, he foresaw what would be happening NOW.
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