Mitt Romney's jobs plan

Less corporate taxes, less regulation, more of the same from the GOP

By , Guest blogger

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    Republican presidential hopeful former Massachusetts Gov. Mitt Romney talks about his plan for creating jobs and improving the economy during a speech Sept. 6, 2011, in Las Vegas, at McCandless International Trucks. Romney's jobs plan calls for lower corporate taxes and less regulation.
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Mitt Romney unveiled his economic plan today.

It is unremarkable, to say the least.

He wants to lower corporate taxes and reduce regulations. This, he asserts will create jobs. Remember, corporations are now showing record profits. They’re sitting on $2 trillion of cash. Why it is Romney believes they need more money and lower costs in order to create jobs is one of the wonders of the universe.

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Romney does nothing for average working people. He’d eliminate capital gains taxes for anyone earning under $200,000 — but these are not average working people.

But Romney is not out of his mind. What he offers has been standard Republican fare for decades. It’s not rabid right-wing populism, decrying immigrants (Bachmann) or the Fed and the federal income tax (Perry). It’s not libertarian craziness (Paul). It’s not logically incoherent (Palin).

In other words, Romney is way too reasonable for the current GOP.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. This post originally ran on www.robertreich.org.

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