Although Mitt Romney campaigned on many issues, the primary focus of his campaign was reducing the size and scope of the federal government, tax reform and the repeal of the Patient Protection and Affordable Care Act, also known as Obamacare. Willard Mitt Romney was the Republican Party nominee in the 2012 U.S. presidential election. As of 2014, he is a businessman, and he was formerly the governor of Massachusetts.Continue Reading
Romney’s primary campaign focus was on reducing the national debt and federal deficit. In order to do this, he proposed cuts in federal government spending. Furthermore, he proposed reductions in spending meant to slow the rate of growth of federal spending, also known as baseline budgeting. Additionally, he proposed significant changes to the funding mechanisms of Social Security and Medicare, essentially calling for means testing based on income and raising the age for benefit eligibility.
Romney also advocated for changes to U.S. tax law, the goal being economic stimulus with the added benefit of debt and deficit reduction. Specifically, he wanted a 20 percent reduction in individual income-tax rates, elimination of the estate and alternative minimum taxes, and diminution of the corporate-tax rate from 35 percent to 25 percent. Limiting tax deductions and closing tax loopholes would offset any revenue loss to the government.
Finally, Romney campaigned on repealing the Patient Protection and Affordable Care Act, calling for a combination of systematic tax breaks as an incentive for people to buy health insurance, thus allowing states to have more control over their Medicaid systems.Learn more about Elections