Wednesday, December 14, 2011

Mitt Romney: Wrong on tax cuts. Wrong on trade.

Former Governor Mitt Romney (R-MA) has proven himself to be a competent leader. However, there are some issues where Romney has been wrong. Two noticeable problems with Romney appear on taxes and trade. As Governor, Mitt Romney supported short-term tax cuts and closed "corporate loopholes." As a presidential candidate, Mitt Romney's tax cuts are small, they only effect a minority of taxpayers, and his corporate tax rate reduction is the smallest of all the GOP candidates except Jon Huntsman. On trade, Mitt Romney wants to label China a "currency manipulator" on his first day in office. So much for diplomacy first and sanctions later. A trade war with China would not only effect Chinese goods sold in the U.S., but U.S. goods sold in China. Furthermore, having a bad relationship with the Chinese hurts America's credibility when we call on China to promote human rights, fairer laws, and capitalism. Therefore, Governor Mitt Romney is wrong on tax cuts and wrong on trade with China.

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