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Romney: Renew Bush's Tax Cuts

Page history last edited by PBworks 12 years, 9 months ago

Romney: Renew Bush's Tax Cuts

By: Dawson Bell

Detroit Free Press

 

Thursday, Feb 08, 2007

 

"Former Massachusetts Gov. Mitt Romney endorsed tax cuts and free enterprise Wednesday in a speech at the Detroit Economic Club that served as a prelude to his scheduled announcement next week in Dearborn that he will run for president in 2008.

 

"Romney, a Michigan native, said the U.S. economy is the strongest and most innovative in the world but faces a daunting challenge to maintain its lead.

 

"He rejected what he predicted would be a 'growing clamor for protectionism,' which Romney said 'might work for a few years but would virtually guarantee we become a second-class economy' in two decades.

 

"Romney, a Republican, also said it was 'absolutely critical' to renew tax cuts proposed by President George W. Bush. Letting them expire would result in a 'massive tax increase' that would retard economic growth, Romney said.

 

"Romney, 59, received a warm, if not rousing, reception from a crowd of about 800 that attended the luncheon at Cobo Center."...

 

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