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Romney’s New Groove

Romney’s New Groove. He Touts Expertise as Focus Shifts to Economy Article By: Elizabeth Holmes. Presentation by: Richard Ewane, Justin Florek, MaryJo Guthrie, Austin Moyer. IBEC 203-01: Macroeconomics. Economic Uncertainty makes 2008 Nominations Hazy.

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Romney’s New Groove

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  1. Romney’s New Groove He Touts Expertise as Focus Shifts to Economy Article By: Elizabeth Holmes Presentation by: Richard Ewane, Justin Florek, MaryJo Guthrie, Austin Moyer IBEC 203-01: Macroeconomics

  2. Economic Uncertainty makes 2008 Nominations Hazy • 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?

  3. Romney’s Economic Plan • Hear it from the man himself! • Individuals: • reduce the lowest income tax bracket, • permanently eliminate payroll taxes on seniors • make middle-class savings tax free. • Businesses: • institute immediate 100% expensing of equipment for two years • permanently reduce the corporate tax rate.

  4. Homeowners: • reform and expand Federal Housing Administration (FHA) loan portfolio limits to allow larger loans to homeowners. • In Addition: • Make Bush Tax Cuts Permanent • Kill Death Tax • Oppose any increase in social security taxes

  5. Romney’s Opposition: McCain • John McCain’s Plan • Cut The Corporate Tax Rate From 35% To 25% • Allow First-Year Deduction, Or “Expensing”, Of Equipment And Technology Investments. • Establish Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D.

  6. Romney’s Opposition: McCain • John McCain’s Plan • Cut taxes for Middle class families • Pro-Growth Tax Policy • Pro-innovation Tax Cuts • His reaction to Romney

  7. Romney’s Opposition: Huckabee • Mike Huckabee’s Plan • 5 F’s Stimulus Package: Family, Fed., Fight, Fuel, Fair • Family: reduce healthcare and education costs • Fed. Reserve: low inflation, pro-growth

  8. Romney’s Opposition: Huckabee • Mike Huckabee’s Plan • Fight: Increase defense spending, train more troops, fence US/Mexican border • Fuel: End foreign dependence • Fair: Preserve current tax cuts and expand

  9. Public Opinion: Two Sides • Romney’s experience gives him a great advantage • Economy a huge issue, but not the only concern

  10. Conclusion • Romney has had a focus on the economy from the start • He’s a seasoned business who voters can trust with the economy • His experience as a governor will help him with the other issues • He’s got an edge over his competition

  11. What do you think now?

  12. Sources • Romney’s New Groove By Elizabeth Holmes Wall Street Journal, January 26th, 2006, Page A4 • Mitt Romney’s Official Website http://www.mittromney.com/ • John McCain’s Official Website http://www.johnmccain.com/ • The Swamp: Political Blog http://www.swamppolitics.com/news/politics/blog/

  13. Questions?

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