Mitt Romney's jobs plan
Less corporate taxes, less regulation, more of the same from the GOP
Republican presidential hopeful former Massachusetts Gov. Mitt Romney talks about his plan for creating jobs and improving the economy during a speech Sept. 6, 2011, in Las Vegas, at McCandless International Trucks. Romney's jobs plan calls for lower corporate taxes and less regulation.
Julie Jacobson/AP
Mitt Romney unveiled his economic plan today.
It is unremarkable, to say the least.
He wants to lower corporate taxes and reduce regulations. This, he asserts will create jobs. Remember, corporations are now showing record profits. They’re sitting on $2 trillion of cash. Why it is Romney believes they need more money and lower costs in order to create jobs is one of the wonders of the universe.
Romney does nothing for average working people. He’d eliminate capital gains taxes for anyone earning under $200,000 — but these are not average working people.
But Romney is not out of his mind. What he offers has been standard Republican fare for decades. It’s not rabid right-wing populism, decrying immigrants (Bachmann) or the Fed and the federal income tax (Perry). It’s not libertarian craziness (Paul). It’s not logically incoherent (Palin).
In other words, Romney is way too reasonable for the current GOP.