Gov Romney's Record: Wiping away a $3b deficit, without raising taxes

Good morning, folks- wanted to pass this document outlining Governor Romney’s stellar record of fiscal conservatism…

http://mittromney.com/News/Press-Releases/Romney_Record_Fiscal_Discipline

FISCAL DISCIPLINE IN MASSACHUSETTS

FACT: Governor Romney Closed A Nearly $3 Billion Budget Gap Without Raising Taxes.

Governor Romney Closed The Nearly $3 Billion Shortfall Without Tax Increases . "When Mitt Romney became governor of Massachusetts in 2003, the state had a budget gap of almost $3 billion and was losing thousands of jobs a month. In Mr. Romney's four-year tenure, the deficit was eliminated without raising the sales tax or the income tax, and since the labor slump hit bottom in December 2003, the state has gained 81,000 jobs." (Pam Belluck, "Romney Candidacy Puts Massachusetts Economy In Spotlight," The New York Times, 3/16/07)

Club For Growth: Governor Romney "Imposed Much-Needed Fiscal Discipline On A Very Liberal Massachusetts Legislature." (The Club For Growth, "Mitt Romney's Record On Economic Issues," Press Release, 8/21/07)

To Close The Budget Gap, Governor Romney Forced The Legislature To Pass "Tremendous Spending Cuts." "Governor Romney receives credit for actual spending in FY2003, even though he entered office halfway into the fiscal year, because of the tremendous spending cuts he forced down the Legislature's throat in January of 2003. Facing a $650 million deficit he inherited from the previous administration, Romney convinced the unfriendly State Legislature to grant him unilateral power to make budget cuts and unveiled $343 million in cuts to cities, healthcare, and state agencies. This fiscal discipline continued in 2004, in which Romney continued to slash 'nearly every part of state government' to close a $3 billion deficit." (The Club For Growth, "Mitt Romney's Record On Economic Issues," Press Release, 8/21/07)

Governor Romney Beat Back "Big-Tax Proposals" And Chose Instead "To Erase Deficits By Hacking Away At Spending." "What attracted many of these economists to the Romney team was the former governor's success, in a liberal state, of beating back big-tax proposals and instead choosing to erase deficits by hacking away at spending." (Kimberley A. Strassel, Op-Ed, "Tax Talk," The Wall Street Journal, 3/30/07)

  • Fees Only Accounted For A Small Percent Of The Closure Of The Nearly $3 Billion Budget Gap. "Romney campaign spokesman Eric Fehrnstrom said some of the fees that kicked in during Romney's first year had been approved before he became governor. … 'When Governor Romney took office, he faced a $3 billion deficit,' Fehrnstrom said. 'He balanced the budget primarily through spending cuts and reforms. Fee increases accounted for approximately 10 percent of the solution, and they were not broad-based by any means.'" (Steve LeBlanc, "Romney Oversaw Millions In Fee Hikes As Massachusetts Governor," The Associated Press, 8/28/07)

Massachusetts Citizens For Limited Taxation Executive Director Barbara Anderson Gives Governor Romney's Fiscal Record High Marks. "Barbara Anderson of the anti-tax group Citizens for Limited Taxation gave Romney higher marks. 'To us a fee is what a fee is and a tax is what a tax is,' she said. 'His support for the income tax rollback never wavered.'" (Steve LeBlanc, "Romney Oversaw Millions In Fee Hikes As Massachusetts Governor," The Associated Press, 8/28/07)