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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, Republican candidate to the Presidential
election 2008 and former Governor of Massachusetts 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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