The Student News Site of North Carolina A&T State University

The A&T Register

The Student News Site of North Carolina A&T State University

The A&T Register

The Student News Site of North Carolina A&T State University

The A&T Register

    GOP candidates’ plans for business

    TAMPA, Fla. (AP) — Republicans emphatically approved a toughly worded party platform at their national convention Tuesday that would ban all abortions and gay marriages, reshape Medicare into a voucher-like program and reject federal spending as an antidote for the nation’s ailing job market.

    The document opens by warning that while the American Dream has long been of equal opportunity for everyone, “Today that American Dream is at risk.” It pledges that the GOP will “begin anew, with profound changes in the way government operates; the way it budgets, taxes and regulates.”

    Both parties routinely approve platforms at their conventions every four years, meant to encapsulate their principles and goals.

    Even so, a poll by the nonpartisan Pew Research Center found more people interested in the GOP platform than in the upcoming acceptance speeches by presidential candidate Mitt Romney and his running mate, Paul Ryan. The survey found that 52 percent said they were interested in learning about the Republican platform, compared to 44 percent interested in Romney’s speech and 46 percent interested in Ryan’s.

    For instance, he has said he would allow abortions in cases of rape, incest or when the mother’s life is threatened.

    Los Angeles Mayor Antonio Villaraigosa, who is among several Democrats in Tampa trying to get their party’s views heard, called the platform’s stances on abortion and immigration “draconian” and “extreme” and blamed Romney.

    Here are key elements of the Republican platform:

    JOB CREATION:

    It states that the best jobs program is economic growth. “We do not offer yet another made-in-Washington package of subsidies and spending to create temporary or artificial jobs.”

    SMALL BUSINESS:

    The GOP pledges to reform the tax code to make it easier for businesses to generate more capital and create more jobs.

    TAXES:

    “We reject the use of taxation to redistribute income, fund unnecessary or ineffective programs or foster the crony capitalism that corrupts both politicians and corporations.”

    It says a Republican administration would extend the Bush tax cuts of 2001 and 2003, pending reform of the tax code. It says the party would strive to eliminate taxes on interest, dividends and capital gains altogether for lower- and middle-income taxpayers. It also would work to repeal the estate tax and the alternative minimum tax.

    The party backs constitutional amendments to balance the federal budget and require a super majority for any tax increases.

    • Philip Elliot & Alan Fram, Associated Press