Promoting Economic Growth

By: Representative Jim McCrery (R-LA)

Minden Press-Herald

Thursday, Sep 06, 2007

"America faces a new generation of challenges. To meet them, we need strong economic growth that creates high-paying jobs and a higher standard of living for all Americans. Some candidates want to ignore the economic successes we have realized from lower taxes and would prefer to raise taxes instead. Governor Romney, on the other hand, is determined to enact policies that lead to lower taxes and strong economic growth.

"I am the Ranking Republican on the Ways and Means Committee of the U.S. House of Representatives. It is the Committee with jurisdiction over America's tax policy. So, I have given the topic of tax reform and creating the best tax policy for our country a great deal of thought. It's one of the important reasons I have chosen to endorse Mitt Romney."

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"Governor Romney understands that the problem isn't that the American people don't pay enough taxes - the problem is that the federal government spends too much money. So he has put forth an aggressive agenda of tax relief - for individuals and corporations - and fiscal discipline that will ensure that our economy continues to grow.

"He believes we must do as John F. Kennedy did in the 1960s, Ronald Reagan did in the 1980s and George W. Bush did in the 2000s: we must cut income tax rates across the board. This approach is fair, simple and extends the pro-growth benefits of tax rate cuts to all Americans who pay taxes."

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"As part of his effort to reduce taxes on the American people, Governor Romney will work to make the 2001 and 2003 tax cuts permanent. Those tax policies helped inject new energy into our economy coming out of the downturn in 2001-02."

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"Beyond making the President's tax cuts permanent, we also need to make taxes lower and simpler. Governor Romney was the first presidential candidate to sign the Americans for Tax Reform 'Taxpayer Protection Pledge.'"

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"As part of his agenda for lower taxes, Governor Romney is also committed to abolishing the Death Tax. Governor Romney also wants to eliminate all taxes on capital gains, dividends and interest for the vast majority of American taxpayers. Letting middle class Americans save and invest tax free will help families build wealth, educate their children and pursue the American Dream. Reducing the tax rate to zero on savings for the middle class will provide incentives to expand our economy and to grow the ranks of savers and investors by millions of citizens.

"If we are going to keep our taxes low, we also need to keep federal spending in check. There is a lot of work to be done in this area."

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"Governor Romney's agenda of lower taxes and fiscal restraint will help deliver a level of economic growth that ensures our future is even brighter than our past, with more opportunity, more jobs, and higher incomes - all of which will enable America to meet the new generation of challenges that lie ahead."