Election 101: Where the GOP candidates stand on taxes, jobs, and other economic issues
With more than 13 million Americans out of work and wage increases so modest they’re failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.
2. Rick Santorum
Would have two income tax brackets: 10 and 28 percent. Triple child exemption and retain other deductions; set 12 percent rate on capital gains and dividends; repeal estate tax; cut 35 percent corporate rate in half; cut rate to zero for manufacturers. Allow tax-free repatriation of overseas profits, if used for US plants and equipment.
Deficits and budget
Website boasts that he sponsored a balanced budget amendment and line-item veto early in Senate career. Opposes public-sector labor unions.
Jobs and growth
Social Security and safety net
Supports reforms such as raising Social Security retirement age. Championed welfare reform in Congress. Calls breakdown of family a key cause of US poverty.