Mitt Romney possible presidential campaign, 2016/Budgets
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Mitt Romney |
Republican presidential nominee (2012) Governor of Massachusetts (2003-2007) |
January 30, 2015 |
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2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- In 2011, Mitt Romney said he supported the "cut, cap and balance" plan, which proposed cutting spending, putting a cap on future spending and passing a balanced budget amendment.[1][2]
- Romney was credited with turning around the fiscal crisis in Massachusetts. When he came into office, the state was facing a $3 billion deficit. When he left office, the state had a surplus and $2 billion in the rainy day fund.[3]
- While Romney was governor, state spending rose by 22 percent, according to The Los Angeles Times.[4]
- According to The Boston Globe, "Romney largely balanced the budget by cutting state aid to cities and towns, many of which responded by raising property taxes. In his first two years in office, Romney presided over a 15 percent cut in spending on unrestricted aid to cities and towns; he also cut more than 4 percent of funding for local schools."[5]
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See also
Footnotes
- ↑ The Washington Post, “Romney supports cut to cap balance pledge,” June 29, 2011
- ↑ Republican Study Committee, "Cut, Cap, and Balance," accessed April 30, 2015
- ↑ The Atlantic, "Was Mitt Romney a Good Governor?" May 31, 2012
- ↑ L.A. Times, "Romney touts his Massachusetts record as fiscal hawk," June 9, 2012
- ↑ Boston Globe, "As governor, Romney faced similar economic situation as Obama -- with similar results," September 5, 2012