Romney Claims He Can Pass Savings Tax Cut in First Year

By MichaelJames

Jan 12, 2008 11:36am

ABC News’ Matt Stuart reports: Mitt Romney claimed Saturday that he would pass a savings tax cuts in the first year if he became president.

Speaking in Traverse City, Mich., to a crowd of about 250 people, Romney said, “I have a special program to get more capital in the market and to help middle-income families. It’s pretty straightforward. And by the way, I think I can get in done in the first year because I think Democrats will agree with this one.”

Romney has preposed elimnating taxes on savings for families making under $200,000 a year and eliminating the "death tax."

Addressing Michigan’s "one-state recession," Romney said he would focus on the automobile industry in Michigan.

"I want to rebuild the auto industry," he said, "so that once again we’re the envy of the entire world."

Romney continues to use much his time on the stump reminding voters of his father’s work as governor of Michigan in the hopes of winning the Michigan primary on Tuesday.

"What a great governor George Romney was," he said. "Boy, do I miss him."

While Romney didn’t mention his rival, Sen. John McCain, Rep. Dave Camp, R-Mich., said in his introduction that Romney , "was born and raised in Michigan, and he understands the importance of our Great Lakes. He’s not from one of those dry, southwestern states." McCain is from Arizona.

In their opening comments, both Romney and his wife spoke at length about the beauty of the Great Lakes region.

"I loved running into the deer in the woods and just fell in love with all animals as a child up here in the beautiful, beautiful upper Michigan," Mrs. Romney said of spending summers in the area.

The Romney family has a house on Lake Huron on the Canadian side.

You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus