Romney says plan would create 11.5 million jobs

[Gerald]

Republican presidential candidate Mitt Romney put forward a sweeping economic plan here Tuesday that he projected would boost annual economic growth by 4 percent, create 11.5 million jobs and lower the nation's unemployment rate to 5.9 percent over four years.

"Restoring clarity and predictability are essential for igniting hiring and investment," Romney wrote in an introduction to the plan, which he titled "Believe in America."

Romney's prescription for the country's ailing economy includes overhauling federal tax, regulatory, trade and energy policies. Romney unveiled a 59-point plan, published in a 160-page book.

Speaking under a banner that read, "Day One, Job One," Romney laid out 10 actions he said he would take on his first day in the Oval Office that would create more certainty for businesses.

They would include five bills that would lower the corporate tax rate to 25 percent from 35 percent, expand domestic energy exploration, consolidate worker retraining programs and turn them over to the states, and cut non-security discretionary spending by 5 percent.

If elected, the former Massachusetts governor said he would also issue five executive orders on Inauguration Day, including rolling back President Obama's health-care overhaul, eliminating Obama-era regulations and issuing new oil-drilling permits.

http://www.sfgate.com/cgi-bin/articl...MN5C1L0SD2.DTL


Note: September 7, 2011