(Bloomberg News) Former Massachusetts Governor Mitt Romney will call today for the elimination of taxes on interest, dividends and capital gains for middle-income taxpayers as he outlines a plan that he says will include 59 specific steps to boost the U.S. economy and create jobs.
Romney, seeking to highlight the business experience he says sets him apart from other Republican presidential candidates, will speak in North Las Vegas, Nevada, two days before President Barack Obama is scheduled to present his own job-revival proposals to a joint session of Congress.
Romney, 64, said his ideas include "10 concrete actions" he would take on his first day in the White House.
"Each proposal is rooted in the conservative premise that government itself cannot create jobs," he wrote in an opinion article published today in USA Today. "At best, government can provide a framework in which economic growth can occur."
The differences between his proposals and actions taken by the president "could not be starker," Romney wrote, criticizing Obama for having "threatened" to raise taxes on individuals and businesses.
"Marginal income tax rates and tax rates on savings and investment must be kept low," he wrote. "Taxes on interest, dividends and capital gains for middle-income taxpayers should be eliminated."
Romney said he would "pare back" regulations and require federal agencies to offset any new rules by eliminating existing ones of equivalent cost.
Choice For Nation
As he pledged to push more trade deals and boost U.S. energy exploration, Romney said that the nation is at a fork in the road.
"In one direction lies the heavy hand of the state," he wrote. "In the other direction lies limited government, free enterprise and economic growth."