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Mitt Romney Outlines His Plan for Jobs and Tax Cuts

Washington, DC
Friday, February 24, 2012

GOP Presidential candidate Mitt Romney outlined his plan for tackling government spending, creating jobs and cutting taxes in a policy speech in Detroit, Mich. He also addressed his ideas for protecting Medicare and Social Security for future generations.

Romney proposed an overhaul of the U.S. tax system to create a "flatter, fairer, simpler tax system," cutting all tax rates by 20% and limiting deductions for the wealthy.

The speech took place just four days before Michigan's primary. Michigan is the state where Romney was born and his father served as governor, but a poll released on Monday shows Romney is just slightly ahead of former Sen. Rick Santorum (R-PA), with 36% to 33%, respectively, according to Public Policy Polling.

The event, hosted by the Detroit Economic Club, was scheduled to take place at a hotel conference room, but was moved to Ford Field to accommodate more people after it sold out.

Updated: Friday, February 24, 2012 at 3:40pm (ET)

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Washington Journal (late 2012)