Lt. Gov. Brian Krolicki today defended Republican presidential nominee Mitt Romney‘s budget plan, saying it makes financial sense and counts on the creation of a promised 12 million new jobs.
“The Romney plan makes sense. It’s exciting. It’s positive,” Krolicki said in a conference call with reporters.
Romney has called for continuing tax cuts enacted under former President George W. Bush, lowering tax rates overall by 20 percent, eliminating or limiting loopholes or deductions while both keeping the majority of the burden on upper-income earners without reducing revenue to the federal government.
But Krolicki noted two features of the plan that affect its bottom line: He said the value of the deductions could vary (Romney mentioned $25,000, but Krolicki today said it could be higher, around $50,000, or lower, around $10,000). And he said the impact of 12 million new jobs would boost federal revenues as more workers pay taxes.
“Yes, I do believe it can be done,” Krolicki said.
In addition, Krolicki noted that President Barack Obama had received no votes for the last budget he’d submitted, a rare act of bipartisanship in the usually divided Senate. And while Romney’s plan has been the focus of debate, Krolicki noted Obama’s approach has resulted in trillion-dollar deficits and a dramatic increase in the national debt.
Krolicki is one of Romney’s top surrogates in Nevada, and a longtime supporter of the former Massachusetts governor. He dismissed as “ridiculous” criticism and jokes made at Romney’s expense during a portion of the debate when Romney indicated he’d received “binders full of women” while trying to increase female diversity in his governorship.