Segment 1: Economy JOBS Obama 5 Step Plan 1. Energy independence (4mil 2.

Open trade in Latin America & crackdown on China 3. Education improve & teacher improve 4. Balance budget 5. Champion small business (bane capital) No trickle-down govt BACK 1. No $5 trillion tax-cut 2. Tax RELIEF on mid class (economy tax income ~$4k annually); not on high income 3. Gas prices, electric, food, healthcare ($2.5k) 4. Teach programs states; not federal 5. Tax rates for corps & individuals 1. Not 5 tril tax cut 2. Not reduce share of high income tax share 3. Not raise income on mid class 4. All about jobs BACK 1. 97% businesses arent 35% tax rate but top 3% employ 50% of workers in small businesses (25% of all workers). OBs plan will tax top 3% at 40%. NFID OBs plan will cost 700 jobs. 2. tax rates for ALL via deductions & exemptions more jobs 3. Get ppl working, earning, paying taxes BACK 1. No tax cut that leads to deficit 2. My plan brings rates and deductions & exemptions. Putting ppl to work. 3. In the past few yrs, ppl on food stamps, econ growth 1. New form of energy 2. Invest in education/training 3. Change taxes for small businesses & those investing in American companies 4. Save $ from wars rebuild America 5. Reduce deficit BACK (Trickle-down Govt) 1. IMPROVEMENTS IN SCHOOL (raise to the top; new teachers, training programs, low tuition) 2. Lower corporate tax rate 26% 3. Close loop-hole for overseas business Boost American energy (oil & natl gas & wind/solar/biofuel)

TAXES

1. Cut taxes on mid-class (~$3.6k)econ stimulan 2. Romney: 5 tril tax cut + $2 tril military by close loop hole burdening mid class ~$2k more (econ analysis) BACK 1. Romneys plan = impossible w/o deficit or burdening mid class 2. Lowered tax 98% families & small businesses 3. +250k income, revert Clintons tax job growth, investments in edu/energy/SCIENCE BACK 1. Romneys plan wont work (refer to 2001 & 2003 sales pitch: slowest job growth in 50 yrs, surplus became deficit & led to worst financial deficit since GD) 2. OBs plan = 23 mil new jobs, went from deficit to surplus, businesses did well 3. Best = mid class tax breaks

DEFICIT Romney

1. Moral issue: older gen mustnt overly 1. spend to pass on econ burden 2. 3 steps: taxes (OB wants but problem is it slows down econ growth), cut spending, grow economy 3. Focus on spending (is prgm worth 2. borrowing from CH? NO? Eliminate!: Obamacare, PBS subsidy, good prgm at 3. fed level *send them to state level+, govt prgm [via combining agencies, cutback BACK employee # via attrition])econ growth 1. BACK 2. 1. Bol Simpsons prgm. 2. Dont raise taxes!! taxes=kill jobsOBs point kills jobs 3. 3. Revenue comes from ppl working, earning, & paying taxes, NOT taxes 4. BACK 1. Corp Tax Break: Corp tax break on 5. oil=$2.8bill/yr. Unfair favoring Green Energy over Oil Indus. Pro-tax break 2. Outsource: OB is false. Tax break given to those who send $ America 3. Medicaid: dont cut, but send $$s+inflation+1% states (states care for poor & moderate popr during Tom Tomson) ENTITLEMENTS: 1. No s for seniors in soc sec or Medicare 1. SOCIAL 2. OBs : for current retirees on Medicare SECURITY by cutting $716bilppl being turned Obama away BACK 1. No for retirees in Medicare 2. Allow young ppl to choose private plan or BACK Medicare 1. 3. Save Medicare via benefits for low inc & benefits for high inc ppl (idea from Ryan, Widen & Clinton).competition costs & better benefits BACK 1. Private sector>Medicare b/c better product @ lower $$

2 Tax cuts, 2 wars, unfinanced wars, econ crisisdeficit. Solve w/ cutbacks on 77 govt prgms (aircrafts), 18 govt edu prgm, med fraud (Medicare/aid), domestic budget (laregest since Eisenhower) Some revenue & some spending cuts necessary Romneys plan 30% cut on social welfare prgms Must take balanced approach Oil industry receives $4bil corp welfare (small businesses dont receive). Why not eliminate corp tax for big business? Shouldnt give tax break to outsourcing companies No rev=cutshardship on ppl not helping econ growth On Rom cutting Medicaid: family depending on it will have problem

Entitlements: how do we strengthen longterm? Medicare: bring costs to bring deficit. W/n last year, $716bil saved by not overpaying insurance co., providers. Results: prescription drug $, preventive care. shouldMedicare $ Rom: premium support=bad. Give voucher to seniors & force to buy own health insurance. But wont keep up with healthcare costs. Healthcare economists predict Medicare collapse under this AARP: Medicare=good b/c savings have system, lengthened Medicare trust fund by 8 yrs, benefits =constant. W/o Medicare, seniors at disadvantage

BACK 1. Medicare costs < Private insurance costs. PI also needs profit. But $$ must come from somewhere. Seniors? 2. Must cost of healthcare

FED REG

1. NECESSARY for free market 2. Now, reg has become excessive & outdated 3. Dodd Frank: Unintended harms: some banks too big to fail 4. Replace Dodd Frank: leverage limits BACK 1. Dodd-Frank is killing regional & small banks b/c of regulations. Also doesnt clarify qualified mortgage making banks reluctant to hand out $$ hurting housing 2. Dont hurt market place

1. Dodd Frank: Loans given prematurely in order to make profits at cost of weak system reforms (capital reqs), bailouts paid back in full w/ interest 2. Is the problem that there was too much regulation in WS? Yeschoose Rom. No Obama.

Segment 2: Healthcare AFFORDABLE CARE ACT Romney 1. Repeal Obamacare b/c ppl cant afford private healthcare & OBCare > $$ 2. Cut $716bil from Medicare 3. Unelected board dictates costs 4. OBCare has killed jobs 5. We should leave it to state & let em handle BACK 1. MA both parties collab; at natl, OB pushed dem on partisan basis 2. Taxes not raised in MA; OB $1tril, Medicare not cut in MA by $716bil, no board dictates costs, didnt run risk of ppl losing old insurance (20mil ppl run risk of losing old insurance under ACA; 30% may lose coverage) 3. Must go about it bipartisan BACK 1. My plan: pre-existing condns are covered, kids can stay on rents plans, let state level deal w/ cost instead of appointed board 2. Dont let natl govt take over healthcare; private market & indiv > federal govt BACK 1. rates, broaden base, simplify code, & create incentives for growth 2. Fed govt taking over healthcare violates 10th amendment is NOT the way 1. Small businesses, govt, and families 2. OB results: ppl keep insurance & insurance cant impose arbitrary lifetime limits (must all rents to keep kids until 26 y.o., rebates must be given if admin $/profits > care), group plan rates 18% lower than indiv. Insurance BACK 1. ACA is a bipartisan(REP idea) 2. Advisors say ACA is same plan as MAs 3. How can we $ of care in system overall? 4. 2 ways: leave ppl/small businesses fend for selves (trend) or make $ more effective 5. Making $ more effective: preventive care, pay providers based on performance & not #s 6. Healthcare $ has , yes, but at slower rate BACK 1. Roms plan will replace ACA with something, but what? Says will close deducns & loopholes, replace Dodd-Frank (WS Reform), replace ACA. With what?

Segment 3: Role of Government MISSION OF GOVERNMENT Obama 1. Promote/protect principles of Constitution & D of I. How? 2. Top military; no cuts 3. Maintain religious tolerance/freedoms 4. Care for less fortunate (elderly, disabled) 5. Allow ppl to pursue dreams. Trickle-down govt today hinders (proof=unemployment #). 32mil47mil on food stamps. 50% college grads cant find work 1. Fed should play imp role in improving edu. 2. Fed $ go to child & not state/local BACK 1. No edu cuts on funding 2. OB put $90bil in green jobs but most green jobs went out of business 3. Govt shouldnt be dictator. How to make private sector more independent? 1. Being MA governor w/ Dem heavy influence, he was still able to get MA schools #1, taxes 19x 2. Sit down with both party leaders & collab. Dont compromise, but find common ground 3. Strong leadership 1. Main priority: Keep ppl safe. Fed govt must give opportunities, frameworks for ppl to succeed (free-enterprise system) 2. Raise to the Top: give $ to states w/ good reform & hire math/science teachers. Invest in (better trained) teachers

EDUCATION Romney

1. Budgets matter b/c they reflect choices 2. Roms budget reforms cuts edu fund by 20% 3. Govt sends $60mil in student loans & cutout bank-middlemaninterest rates, more asst to students 4. Imp to give kids aid in order to grow economy 1. Take ideas from both parties that strengthen mid classmid class tax breaks & save small business & cut $1tril in spending & sign trade deals to sell more American goods & repeal DADT & end war in Iraq & will end war in Afghanistan 2. Plan: Must have a plan & must say no when necessary (Rom hasnt done last)

How to fix partisan gridlock? Romney

Closing Statements Closing Statements 1. What kind of America? Obama=mid class squeeze (income,prices,unemployment, ACAhealth premiums,$716bil cut to Medicare, military cuts) 2. Get mid class working again (incomes, create 12bill new jobs, repeal ACA, KEEP Medicare, NO military cuts) 1. 4 yrs ago=major crisis. Great faith in America. How do we build on strengths? Improve edu, develop sustainable energy, close loopholes for jobs shipping overseas, create incentives for those creating jobs here, close deficit, invest in future 2. Fight on behalf of American ppl, on behalf of mid class