Mitt Romney's Economic Priorities

While Barack Obama’s American Jobs Plan is the most detailed document by a presidential candidate to date, Mitt Romney laid out significantly more detail than Jon Huntsman or Herman Cain in an e-book: Believe in America: Mitt Romney's Plan for Jobs and Economic Growth announced during a speech given at the McCandless International Trucks Company in North Las Vegas, Nevada. Here are his "day one" priorities.

Day One
Introduce Legislation to:

1. Reduce the corporate income tax rate to 25 percent.
2. Implement the Colombia, Panama, and South Korea Free Trade Agreements.
3. Direct the Department of the Interior to undertake a comprehensive survey of American energy reserves in partnership with exploration companies and initiates leasing in all areas currently approved for exploration.
4. Consolidate the sprawl of federal retraining programs and return funding and responsibility for these programs to the states.
5. Immediately cuts non-security discretionary spending by 5 percent, reducing the annual federal budget by $20 billion.

Sign Executive Orders to:

1. Direct the Secretary of Health and Human Services and all relevant federal officials to return the maximum possible authority to the states to innovate and design health care solutions that work best for them.
2. Direct all agencies to immediately initiate the elimination of Obama-era regulations that unduly burden the economy or job creation, and then cap annual increases in regulatory costs at zero dollars.
3. Direct the Department of the Interior to implement a process for rapid issuance of drilling permits to developers with established safety records seeking to use pre-approved techniques in pre-approved areas.
4. Direct the Department of the Treasury to list China as a currency manipulator in its biannual report and direct the Department of Commerce to assess countervailing duties on Chinese imports if China does not quickly move to float its currency.
5. Reverse the executive orders issued by President Obama that tilt the playing field in favor of organized labor, including the one encouraging the use of union labor on major government construction projects.