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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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• Mike Huckabee former Republican Governor of Arkansas
stands for elimination of federal income and payroll taxes.
• Mike Huckabee claims that he steered Arkansas from a
$200 million deficit to an $850 million surplus.
• He likened Obama's Health Care Bill to that of a poll
tax or in other words just a redistribution of wealth. He in fact
advocates the policy of Preventive health.
• If elected President Mike Huckabee has said that he
would not support the raising of income taxes at the Federal
Level.
• He has a history of cutting around 90 taxes while he was
Governor and also supports abolition of death tax. He supports
fair Tax a 23% tax on consumption.
• He believed in voluntary personal accounts that pay a
higher rate of return for youngsters. This will help supplement
their social security benefits.
• He believes in using alternative or renewable energy
like bio diesel and cut costs on oil and petroleum. He advocates
setting aside an Research and Development budget that will also
be done by the private sector to develop new forms of energy.
• He also supports amniotic fluid and umbilical cord stem
cell research and stresses on the need for scientists to convince
politician to divert funds to this area.
• He supports the amendment to the Homeland Security Bill
which sets aside $3 billion for this purpose. These funds are
intended for training and deployment of 23000 more law
enforcement personnel, erect 105 radar and camera towers and
build 700 miles of fence.
• He advocates increased spending for defense purposes.
• Huckabee would maintain long-term solvency of Social
Security and Medicare.
• He wants to maintain federal funding of Social Services
Block Grants.
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