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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 20, 2011
Page
6
With the economy slow to recover, voters tie tax returns to the November results. Republicans seek a candidate offering a plan for economic growth, lower taxes, and fewer regulations as the presidential race approaches.
A list of major 2012 GOP contenders Michele Bachmann Newt Gingrich Ron Paul Rick Perry Mitt Romney Rick Santorum Jon Huntsman outlines online proposals for jobs growth and economic balance. Each candidate directs voters to campaign pages detailing their approaches to restoring the economy.
Paul Bachmann and Santorum urge ending taxes on overseas repatriated assets to spur investment. Santorum and Bachmann seek targeted corporate tax cuts and temporary holidays, while Gingrich, Paul, and Romney propose varied permanent rate reductions and write-off accelerations to boost domestic manufacturing and capital repatriation.
Rick Perry and Newt Gingrich push optional flat taxes with 20 and 15 percent rates while Mitt Romney backs extending Bush tax cuts and tax relief for low earners. Ron Paul seeks to end the federal income tax. The proposals keep deductions for charity and homeownership and remove the estate tax.
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