Romney previews tax proposals in economic speech
February 21st, 2012
04:03 PM ET
2 years ago

Romney previews tax proposals in economic speech

Shelby Township, Michigan (CNN) - Mitt Romney said he would unveil an economic plan to tackle federal spending and entitlement programs and propose a "flatter, fairer and simpler" tax code in a policy speech on Friday in Detroit.

The speech could give Romney the opportunity to emphasize his financial bona fides and rally the party's fiscal conservatives as he attempts to win over supporters of former Sen. Rick Santorum.

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Santorum's late surge has provided an unexpected challenge to Romney in Michigan, where the former Massachusetts governor was born and his father served as governor.

At a town hall meeting in a Detroit suburb on Tuesday, Romney said in his upcoming speech would discuss his plans to balance the budget as well as addressing "our entitlements and obligations."

"I'm going to get more specific about some of the things we need to do to protect Medicare and Social Security for coming generations," he said. "We have to finally bring these things together in a way, to communicate to the American people that we know what it takes to get Washington to work, so that America can work, so that Michigan can work."

The Friday speech, to the Detroit Economic Club, was moved from a smaller venue to Ford Field to accommodate a larger audience.

Also see:

Paul ad slams Santorum

Obama campaign takes a swing at Santorum

Gingrich describes Obama as a national security risk

Franklin Graham questions Obama, Romney on Christian Faith


Filed under: 2012 • Mitt Romney • Taxes
soundoff (12 Responses)
  1. nicholas

    Yesterday was a historic event in our capital that mainstream media blatantly ignored. Over 1000 troops marched from the Washington Monument to the White House chanting "President Paul", "End the FED", and "End these wars". When at the White House, they turned their backs to the White House and stood in silence for 1 second for every service member thats died since Obama took office – 20 minutes! Then proceeded to have a rally for Ron Paul. Where is your coverage of this? If the troops did that for any other candidate, it would be front page news everywhere.

    February 21, 2012 04:13 pm at 4:13 pm |
  2. Rudy NYC

    Don't expect to hear anything new that he's not said before. His previous "plans" actually raised the annual deficit by $300 billion, assuming all factors stay the same.

    February 21, 2012 04:20 pm at 4:20 pm |
  3. Taran

    @nicholas, agreed, for some reason things like that don't make the mainstream news.

    February 21, 2012 04:24 pm at 4:24 pm |
  4. Russ

    You know his plan will give even more tax breaks to the rich and take more away from those that can least afford it. It's the Republican way. Protect those job creators!!

    February 21, 2012 04:26 pm at 4:26 pm |
  5. ML

    Flip, flip, flip..flop!

    February 21, 2012 04:28 pm at 4:28 pm |
  6. diridi

    This dude paid only 13.7% taxes, now talking on taxes. He also said, "Corporations are also people, my friend". Bain Capital looted this nation, and shipped jobs to CHINA. Bankrupted KB Toys sent tens of thousands of Jobs to China, India, etc, Just watch on Youtube, "When Mitt Romney came to Town". Then you decide. Frankly, none of the Republicans are trustworthy. Nation lost trust in them.

    February 21, 2012 04:29 pm at 4:29 pm |
  7. Four and The Door

    diridi
    ...Just watch on Youtube, "When Mitt Romney came to Town".
    _________________________________________________________________________________________________
    This political clip you mention has already been publicly debunked as false. Two of the main employees who were " wronged" in the film came out and explained they were mislead and misquoted by the film maker. They were very pleased with the improvements to their careers and company after help from Bain Capital. The film is fiction.

    February 21, 2012 04:48 pm at 4:48 pm |
  8. Linda

    A little too little and a little too late; besides you might do a 180-degree turn by tomorrow morning Willard.

    February 21, 2012 05:01 pm at 5:01 pm |
  9. Rick McDaniel

    That's just code for "make the rich richer".

    February 21, 2012 05:11 pm at 5:11 pm |
  10. justaminit

    " I like money" "I like being a chameleon" "I like having more homes that 99% of you" "I like shielding my money from taxes in offshore banks" "I like changing my story to suck up to the base, wherever I am" " I like being insincere when it comes to those who are poor" "I like pretending that I really understand the average American, makes me fell better" 'I like attacking my opponents with negative adds because I am so much richer and well connected that they are".

    February 21, 2012 05:28 pm at 5:28 pm |
  11. Four and The Door

    Rick McDaniel
    That's just code for "make the rich richer".
    ________________________________________________________________________________________________
    Actually you almost have it correct. Romney's plans are to make every working American richer, now and in the future. And in the process he will also save our valuable government programs instead of ignoring their demise. Nothing wrong with that, is there?

    February 21, 2012 05:33 pm at 5:33 pm |
  12. Larry L

    @nicholas

    "Yesterday was a historic event in our capital that mainstream media blatantly ignored. Over 1000 troops marched from the Washington Monument to the White House chanting "President Paul", "End the FED", and "End these wars". When at the White House, they turned their backs to the White House and stood in silence for 1 second for every service member thats died since Obama took office – 20 minutes!"
    --------------------------------------------------------–
    To blame President Obama for the wars is like blaming him for our economy – he inherited both. He has also managed both conflicts will a skill and finesse unseen during the Bush years – becoming the terrorist's worst nightmare. President Obama managed to end the Iraq debacle with as much grace possible for a conflict with now exit strategy.

    Ron Paul's approach to the military might have worked in the 1950s but is completely nonsense today. The world is so economically co-dependent the flow of trade and oil can easily determine success or failure in our government. The majority of military missions are not strategic war – as Paul likes to suggest indicating we could defend America with "four submarines". If civil war in Mexico spilled over our borders would we nuke them? If Iran blocks the flow of oil do we nuke them? Doing away with most of our federal agencies would have similar consequences. He provides simplistic solutions to complex problems. This is attractive to voters too young to understand the problems or too far on the fringe to accept any form of government.

    February 21, 2012 05:38 pm at 5:38 pm |