In releasing economic plans, Romney vows to roll back health law on Inauguration Day

Sep 8 2011

As part of his jobs proposals, Romney also said he would reduce Medicaid spending by $200 billion a year and convert the program into a block grant for states.

Los Angeles Times: Mitt Romney Releases Jobs Plan As He Faces A Surging Rick Perry
Facing new trouble in his quest for the Republican presidential nomination, Mitt Romney released a detailed plan Tuesday to revive the nation's stumbling economy, proposing tax cuts and rollbacks in environmental, health and banking rules. ... He proposed a 10 percent cut in the federal workforce and a $200-billion-per-year reduction in the Medicaid health care program for the poor. Romney would convert Medicaid into a block grant for states (Finnegan, 9/6).

The Hill: Romney Plan Calls For Medicaid Block Grants, Repeal Of Obama Health Law
Republican White House hopeful Mitt Romney said Tuesday he would issue an executive order to slow implementation of the health care law on his first day in office if he were elected president. Romney also proposed major changes to Medicaid and said his plan for Medicare will be similar to Rep. Paul Ryan's (R-Wis.) controversial proposal. The economic plan that Romney released Tuesday is highly critical of President Obama's health care reform law, which was modeled largely after the reforms Romney implemented as governor of Massachusetts. Romney's plan says the federal law is a burden to businesses and is contributing to economic uncertainty  (Baker, 9/6).

The Washington Post: Romney Unveils Sweeping Plan For Jobs, Economy
If elected, the former Massachusetts governor said he would issue five executive orders on Inauguration Day. They would roll back Obama's health care overhaul; eliminate Obama-era regulations; issue new oil-drilling permits; reverse a number of policies that favor organized labor; and sanction China for currency manipulation (Rucker and Tumulty, 9/6).

The New York Times: Romney Lays Out His Economic Plan
Mitt Romney unveiled his plan to rejuvenate the American economy here Tuesday, offering a detailed outline that includes repealing President Obama's health care law (Parker and Rich, 9/7).

The Fiscal Times: Romney: Give Me 4 Years, I'll Create 11.5M Jobs
Perry and Bachmann have informally outlined similar job creation proposals. Both have shunned the idea of more fiscal stimulus, and instead called to cut taxes for individuals and corporations, roll back "job killing" regulations, repeal the health law, and decrease the country's reliance on foreign oil through increased domestic exploration  (Hirsch and Pianin, 9/6).

CNN: (Video) Romney: I'll Create 11 Million Jobs
Mitt Romney's jobs plan calls for lower corporate taxes, trade sanctions on China and repealing the health care bill (9/6).