Breaking News: Protesters march on Pakistan PM Nawaz's house

Aide: Romney's economic plan evolving

April 30, 2012 at 10:41 AM   |   Comments

| License Photo
WASHINGTON, April 30 (UPI) -- The economic plan issued last year by presumptive Republican U.S. presidential nominee Mitt Romney isn't chiseled in stone and is meant to evolve, an aide says.

Elements of the 59-point plan have changed since its release in September, such as proposed tax rates, USA Today reported Monday.

A Romney economic adviser said the document, "Believe in America: Mitt Romney's Plan for Jobs and Economic Growth," was never meant to be set in stone and specifically acknowledged several areas where "more work needed to be done."

"It's absolutely intended to be a starting point," the adviser said.

For example, Romney said in his document that "low marginal tax rates" should be maintained and corporate tax rates should be lowered from 35 percent to 25 percent. In February, the former Massachusetts governor announced a new tax plan that would reduce the marginal tax rates for all brackets by 20 percent and would abolish the Alternative Minimum Tax.

Also not addressed in his original plan is Romney's recent support for keeping a 3.4 percent interest rate on federal student loans rather than let the rate double as scheduled.

Another change is the Romney campaign's new emphasis on women, USA Today reported.

Romney recently has been stressing that women suffered the bulk of the job losses since President Obama took office, something the September document doesn't mention.

In fact, USA Today said, the word "women" appears just twice in the 160-page document -- in an essay by Meg Whitman, the former eBay chief executive officer who now leads Hewlett-Packard.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
St. Paul police arrest a black man for sitting on a bench waiting for his children
Ukrainian cargo plane crashes in Algeria killing seven
'Old Ironsides' sails across Boston Harbor before 3-year-rehab
Video: Free Syrian Army unleashes 'Hell Cannon' in fight against Assad
Boy being treated for brain tumor taken from hospital
Trending News