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• Sarah Palin, Vice Presidential Candidate for US elections
2008, has left behind a history of tax cuts thereby accelerating
economic growth during her term as Governor of Alaska. She made
history by bringing forth second largest cuts in the construction
budget of the State.
• Sarah Palin opposes President Obama's long term cuts in
Carbon emissions saying that it would result in job losses and
higher energy costs thus showing her disapproval of the 'cap and
tax' bill.
• She is against setting up of an Independent Medicare Advisory
Counsel for containing Medicare Costs. She says it will not bring
in reduction in deficit as the Democrats plan to achieve. Instead
she advocates a market oriented, patient centered and
result-driven approach.
• She calls for increasing government oversight of investment
banks also advocating elimination of federal earmarks and
wasteful governmental spending.
• She opposed Obama's proposal to introduce a windfall profit
tax on oil companies but supports further utilization of natural
gas.
• She advocates increased funding for education and supports
Senior Benefits Programs for low income older people as she did
in Alaska.
• She approves additional tax cuts for businessmen which would
rake in more revenue and thus increase more job opportunities.
• Praised Bush $700B bailout; opposed Obama's $787B.
• While in office as Governor Sarah Palin made a $7 billion
savings plan for education and transportation.
• She criticizes President Obama's spending policies to revive
the economy saying that American already having a debt of more
than $11 trillion and borrowing more would only lead to
socialism.
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• Mitt Romney believes in the principle of reaganomics wherein
you cut taxes which is believed to bring in economic growth.
According to him the budget should cut taxes on people earning
incomes less than $200,000 a year and also cut payroll taxes on
people aged sixty five years or older.
• He supports setting up a national catastrophic fund to ensure
that people are entitled to home owners insurance in the event of
some natural disasters like hurricanes, tornadoes etc.
• He brought forward an economic stimulus package with a price
tag of $233 billion which is aimed at generating long term growth
incentives. This can be achieved by expensing capital
expenditures in the next two years and lowering corporate tax
rate so that businesses will thrive and generate revenue.
• He perpetrates the need for becoming energy independent by
making investments in alternative energy sources, reduce gas
prices and reduce taxes on middle income Americans.
• Mitt Romney suggests bringing a cut in the 342 odd different
economic programs. Of course protecting the nation's defense and
military personnel is important therefore allocation of funds for
their welfare is important.
• He believes that he can bring in savings worth $300 billion
dollars in 10 years by capping non defense discretionary spending
at inflation minus 1% and will veto any budget that exceeds that
cap.
• He wants to be known as the job senator by convincing the
government to cut deficits and raise American's savings rate by
making more capital available for companies for investment and
thereby increase employment opportunities.
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