Mitt Romney on the Economy

“Job and income growth can only come from a growing, successful private sector. Of course, government can create innumerable public sector jobs, but in doing so, it supplants the private sector and ultimately depresses the prosperity of its citizens. A pro-job, pro-prosperity government works to create the conditions that enable businesses of all sizes to grow and thrive. These should include aligning corporate taxes with those of other developed economies, eliminating special corporate tax breaks that lobbyists have inserted over the years, and preserving the Bush tax cuts — especially for small business.” - Mitt Romney 8/18/2010 USA Today

Summary: Mitt Romney on the Economy

  • The private sector is where real job growth takes place, not government bureaucracies.
  • Unleashing the power of free markets is key to our economic prosperity.
  • Taxes should be lower for ALL Americans.
  • The death tax should be eliminated and Bush tax cuts made permanent.
  • Our corporate tax rate needs to be more competitive and business friendly.
  • The capital gains tax rate should be reduced to encourage investment.
  • A level-playing field for American products in foreign markets is necessary.

Videos: Mitt Romney on the Economy

Mitt Romney Addresses Values Voter Summit
September 17, 2021

Mitt Romney Talks With Sean Hannity About the Stimulus Bill
February 26, 2022

Mitt Romney on Bill O’Reilly Speaking About the Economy
February 10, 2022

Mitt Romney About Economic Stimulus Failure On CBS
November 2, 2021

Quotes: Mitt Romney on the Economy

Mitt Romney on Building a Strong Economy:

“President Obama didn’t cause the recession, but he made it worse and caused it to last longer. From the outset, he inaugurated the most anti-investment, anti-business, anti-jobs policies we have seen since Jimmy Carter. Further, the White House has still not crafted any discernible plan to put Americans back to work.

Creating good, lasting jobs will require the following:

•A tax policy that rewards savings, investment, entrepreneurial risk-taking and exports.

•Free, open and fair access to foreign markets, with a focus on constructive trade reform with China.

•Elimination of the federal bureaucratic and regulatory stranglehold on business.

•A market-driven energy policy that encourages investment in America and reduces our dependence on foreign oil.

•A commitment to fiscal responsibility through budget restraints and entitlement reform.” - 3/31/11 USA Today op-ed

Mitt Romney on Taxes:

“Let me talk just briefly about my tax philosophy. One, I was the first candidate for president to sign the Norquist tax pledge. Two, of course we have to make the Bush tax cuts permanent. Three, of course we have to abolish the death tax. It just isn’t fair to tax people twice. Well, three times. Once, when they earn it. Second, when they invest it and pay dividends or get their dividends interest and capital gains. And then a third time when they die. Four, I proposed a savings incentive plan. And this is a plan that basically says we’re going to let people of moderate income save their interest, their dividends and their capital gains tax free. No tax whatsoever on capital gains, interest and dividends. Lower marginal tax rates for all Americans. Get taxes down. Make them simpler, and flatter and lower. And finally, make our corporate tax competitive with the rest of the world. - 3/29/07 at Club for Growth event

Mitt Romney on Lowering Corporate Taxes:

“There’s a good deal of rhetoric today from liberal politicians who say that we need to heavily tax those corporations that “send jobs overseas.” I’m afraid they don’t understand that companies with subsidiaries in other countries are doing business in those countries and that they pay taxes there. Requiring them to pay still-higher U.S. taxes would make them less competitive in those markets, making it bad for their business overseas, and also for jobs here. Sales made by subsidiaries of U.S. companies are often supported by high-paying jobs in finance, accounting, research, and management here at home. And if a company’s tax burden under such legislation grew too high, it could simply move overseas to avoid it - resulting in a loss of tax revenues for the United States, not a net gain.

Other Resources: Mitt Romney on the Economy

Mitt Romney Addresses Economic Issues with Glenn Beck video

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