A new website that aims to keep track of Mitt Romney
Jobs Plan was recently launched and it provides non-partisan reviews on the plan s likeliness to create jobs. This website aims to compare the jobs plans of the two presidential contenders (Romney vs Obama) and it does not contain any talking points from either campaign or studies from think tanks with a pre-ordained agenda that could be politically motivated or primarily geared towards the promotion of progressive values. There is a lot of detailed analysis and information presented on the website that also talks about President Obama s Jobs Bill that is presented as The American Jobs Act.
According to reports, two different versions of this bill was sent to the CBO for scoring and while both of them would have increased the budget deficit in 2012, it aimed to reduce it over the long run. A major part of the costs of the bills are expected to be supported in the form of tax cuts that always increase the deficit between revenue and spending and belong to the category of deficit spending. Though there has been a gradual improvement in the rates of employment, the recession is ongoing and the revised version of the plan would be paid for through surtax on incomes in excess of 1 million dollars.
This plan would cut certain tax loopholes for those in the top tax bracket, tax certain capital gains as regular income, and eliminate certain tax provisions for oil and gas production. A wide array of fact checkers have been used to present the data and other information that is available at the website. Some of these include PolitiFact, Fact Check.org, Washington Post Fact Checker, CBO, Moody s Analytics, Macroeconomic Advisers, and IHS Global Insight. The current situation indicates that Mitt Romney has yet to reveal a jobs plan with policies that can be graded by ratings agencies and based on the information available till now; there are some responses by non-partisan sources.