Page 8.
Everyone needs to read page 8 of the McCain Oppo File----
ECONOMIC ISSUES
State spending increased at well over rate of inflation under Romney’s watch, estimated at 24% - more than$5 billion – over Romney’s final three years.
Under Romney, Massachusetts dramatically underperformed the rest of the nation in terms of job growth.
Romney has been criticized by experts for failing to deliver on issues of business development and economicgrowth after selling himself as the “CEO governor.”
2006 report issued by quasi-public Massachusetts Technology Collaborative warned the state was losing itsgrip as leader in “innovation economy” and that tech job was alarmingly slow.
Romney left his successor to fill a budget deficit exceeding $1 billion.
Romney raised state fees and taxes more than $700 million per year, according to independent experts.
Romney raised fees by roughly $500 million in his first year alone, a figure that was highest in the nation.
Romney quadrupled gun licensing fees and raised fees on first responders, real estate transactions, the blind,golfers and many others.
Massachusetts’ state and local tax burden rose more than 7% during Romney’s administration.
Romney refused to endorse the Bush tax cuts in 2003, telling the state’s all-Democrat congressionaldelegation he wouldn’t be a cheerleader for the plan.
Romney implemented three rounds of tax changes (which he referred to as “closing loopholes”) whichincreased business taxes by an estimated $400 million per year.
Massachusetts’ corporate tax climate now ranks 47
th
in the nation, according to the Tax Foundation.
Romney proposed – then backed away from – a new internet tourism tax that would levy higher taxes onusers of sites like Orbitz and Travelocity.
Romney enrolled Massachusetts in multistate compact aiming to end moratorium on internet sales taxes.
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Romney took no position on estate tax issue in 2002 and signed 50% increase in state cremation fee, whichobservers called “hidden tax on the dead.”
FOREIGN POLICY
Romney has no foreign policy experience.
Though generally described as a supporter of the president’s policy in Iraq, Romney came under fire in April2007 for advocating “secret” withdrawal timetable similar to proposal by Sen. Mark Pryor (D-AR).
In June 2007, Romney stepped up his criticism of the Bush Administration’s Iraq policy by publiclydenouncing the White House’s comparison of future troop presence in Iraq to our current presence in SouthKorea.
Romney hedged on endorsing troop surge and has been criticized for not talking enough about Iraq.
During June 2006 presidential debate, Romney incorrectly claimed weapons inspectors were not allowed toenter Iraq before the 2003 U.S. invasion.
When Romney finally endorsed the president’s troop surge proposal, he unintentionally endorsed larger surgethan was proposed by calling for extra regiment in Anbar province.
Romney said capturing Osama bin Laden would result in “very insignificant increase in safety” for Americaand such effort was “not worth moving heaven and earth and spending billions of dollars” to catch one person.
After calling for economic divestment from Iran, Romney was embarrassed by revelation that the Italianbranch of Bain & Company – firm where Romney started as young consultant and served as CEO in early‘90s – received $2.3 million contract from National Iranian Oil Company in 2004.
Bain Capital, the private equity firm that made Romney his fortune, currently owns a chemicals and paintcompany called SigmaKalon that operates an office in Tehran.
Romney has made favorable comments about plan offered by Sen. Joe Biden (D-DE) to split Iraq into thirds.
Romney has proposed doubling the size of the Guantanamo Bay detention facility and supports “enhancedinterrogation techniques.”
Romney called Cuban president Fidel Castro a “monster” and has taken hard line against the dictator, butmistakenly employed signature Castro slogan while speaking to largely Hispanic audience in Miami this year.
Romney praised 2005 plan by Citgo Petroleum Corp. – ultimately controlled by the Venezuelan governmentand President Hugo Chavez – to provide low-income Massachusetts residents with discounted heating oil.