Mitt Romney

thank you __PUNCT__ david __PUNCT__ for that kind introduct __PUNCT__

i appreci that warm welcom __PUNCT__

i want to thank beth and her team at the detroit econom club for host us __PUNCT__

and i want to thank ford field for make_room for us __PUNCT__

it good to be back_home in michigan __PUNCT__

i wa born in harper hospit __PUNCT__ and i grew up here __PUNCT__

i can rememb my first dai at the hampton school __PUNCT__

there were about thirti kid in our kindergarten class __PUNCT__

and i imagin that as thei drop us off at the hampton school each morn __PUNCT__ our parent were confid that our futur would be brighter and even better than their own __PUNCT__

our parent believ in america promis __PUNCT__

thei believ that if you built a good home and taught your kid the right valu __PUNCT__ if you made sure your kid got an educ and were will to work_hard __PUNCT__ that your child futur would be prosper and secur __PUNCT__

in those dai __PUNCT__ we all believ that the futur wa full of possibl and prosper __PUNCT__

we felt the joy optim that come from be rais in a land of opportun __PUNCT__ a place where __PUNCT__ with risk and hard_work __PUNCT__ anyon can make a better life __PUNCT__

that deep confid in a better tomorrow is the basic promis of america __PUNCT__

todai __PUNCT__ that promis is be threaten by a falter economi and a lack of presidenti leadership __PUNCT__

for __NUM___month __PUNCT__ the unemploy_rate ha been over __NUM__ percent __PUNCT__

__NUM___million of our fellow_american ar struggl to find_work __PUNCT__

there ar __NUM___million __PUNCT__ miss worker __PUNCT__ who have given up on find a job altogeth __PUNCT__

home valu gone down __PUNCT__ foreclosur ar at a record high __PUNCT__

our debt is too great __PUNCT__ and our opportun too few __PUNCT__

everywher i go in thi campaign __PUNCT__ i meet american who ar realli suffer in the obama economi __PUNCT__

you can see it on their face and hear it in their voic __PUNCT__ thei ar anxiou and scare about the futur __PUNCT__

i met mom and dad who ar struggl to get by __PUNCT__

on work the dai shift while the other work at night just so thei can make end meet __PUNCT__

i met kid who ar about to graduat colleg __PUNCT__ thei face student_loan and a bad economi __PUNCT__ and thei ar worri that thei won't be abl to get a job __PUNCT__

everywher i go __PUNCT__ i hear stori that serv as sad remind of thi fail presid __PUNCT__

presid_obama obama_promis he would fix three thing __PUNCT__

first __PUNCT__ he said he would hold unemploy under __NUM__ __PUNCT__ it hasn't been under __NUM__ __PUNCT__ for __NUM___month __PUNCT__

then __PUNCT__ he said he wa go to cut the deficit in half __PUNCT__ he doubl it __PUNCT__

third __PUNCT__ he said he make medicar and social_secur solvent for futur_gener __PUNCT__

three year later __PUNCT__ he still hasn't offer a seriou propos for either on __PUNCT__

we have not seen a failur to commun __PUNCT__

we have seen a failur to lead __PUNCT__

that why i run for presid __PUNCT__

i want to restor america promis __PUNCT__

that mean more job __PUNCT__ less debt __PUNCT__ smaller_govern __PUNCT__

in the come campaign __PUNCT__ i am offer more than just a chang in polici __PUNCT__

i am offer a dramat chang in perspect and philosophi __PUNCT__

earlier thi week __PUNCT__ i put_forward pro __PUNCT__ growth tax_reform that will get our economi move again __PUNCT__

todai __PUNCT__ thi administr is focus on extend unemploy_benefit __PUNCT__

but what worker in michigan and around the countri realli want is a good_job and rise wage __PUNCT__

reform the tax_code is on of the surest and quickest wai to achiev that goal __PUNCT__

first __PUNCT__ i will make an across __PUNCT__ the __PUNCT__ board __PUNCT__ __NUM__ __PUNCT__ reduct in margin individu_incom incom_tax tax_rate __PUNCT__

by reduc the tax on the next dollar of incom earn by all taxpay __PUNCT__ we will encourag hard_work __PUNCT__ risk __PUNCT__ take __PUNCT__ and product by allow american to keep more of what thei earn __PUNCT__

the busi that pai_tax through the individu_incom incom_tax tax_system account for more than half of all privat_sector sector_job in the unit_state __PUNCT__

so thi tax_cut will encourag busi to hire __PUNCT__ rais wage __PUNCT__ and grow the economi __PUNCT__

second __PUNCT__ i will make our busi taxat global_competit __PUNCT__

i will reduc the corpor_tax tax_rate to __NUM__ __PUNCT__

current __PUNCT__ it among the highest in the develop_world __PUNCT__ i will bring it in line with other nation __PUNCT__

i will make the r&d tax_credit perman so we can encourag the kind of innov that drive econom_growth __PUNCT__

and i will end the job __PUNCT__ kill repatri tax __PUNCT__ so american_compani who do busi oversea will bring their profit here and invest at home __PUNCT__

third __PUNCT__ i will promot save and invest by maintain the __NUM__ __PUNCT__ rate on capit_gain and dividend __PUNCT__

i will elimin the tax entir for those with annual_incom below __MONEY__

these low_tax tax_rate will encourag american to save and invest __PUNCT__ and thei will encourag busi invest and econom_growth __PUNCT__

final __PUNCT__ i will repeal the altern minimum tax __PUNCT__ and i will abolish the death_tax __PUNCT__

these chang will not add to the deficit __PUNCT__

stronger econom_growth __PUNCT__ spend_cut __PUNCT__ and base broaden will offset the reduct __PUNCT__

middl __PUNCT__ incom_american will continu to enjoi tax benefit that favor import prioriti __PUNCT__ includ home_ownership __PUNCT__ charit give __PUNCT__ health_care __PUNCT__ and save __PUNCT__

but there will be some chang in the current deduct and exempt for higher __PUNCT__ incom_american __PUNCT__

those who receiv the greatest benefit from rate cut will see the most signific limit __PUNCT__

these reform will grow our economi __PUNCT__ increas wage __PUNCT__ and creat_job __PUNCT__

if we go to get our fiscal hous in order __PUNCT__ howev __PUNCT__ we must also fix our nation balanc_sheet __PUNCT__

todai __PUNCT__ we face __MONEY___trillion in unfund promis in our entitl_program __PUNCT__

we talk a lot about our __MONEY___trillion of debt __PUNCT__

and we got to tackl that debt __PUNCT__

but it that __MONEY__ trillion in unfund promis that keep most of us up at night __PUNCT__

a few commonsens reform will ensur we make_good on our promis to todai senior while save social_secur and medicar for futur_gener __PUNCT__

tax_hike ar off the tabl __PUNCT__ and there will be no chang for those at or near retir __PUNCT__

but younger_gener will enter a system strengthen for the __NUM___centuri __PUNCT__

when it come to social_secur __PUNCT__ we will slowli rais the retir_ag __PUNCT__

we will slow the growth in benefit for higher __PUNCT__ incom retire __PUNCT__

when it come to medicar __PUNCT__ tomorrow senior will have a choic among insur provid __PUNCT__ includ tradit medicar __PUNCT__

as with medicar part d todai __PUNCT__ the privat_sector will compet to offer insur_coverag at the lowest possibl price __PUNCT__

senior will then receiv govern_support to ensur thei can afford that coverag __PUNCT__

and with medicar __PUNCT__ like with social_secur __PUNCT__ lower __PUNCT__ incom senior will receiv the most gener benefit __PUNCT__

start in __NUM__ new retire will particip in thi new system __PUNCT__

we will gradual increas the medicar elig ag by on month each year __PUNCT__

in the long_run __PUNCT__ the elig ag for both program will be index to longev so that thei increas onli as fast as life_expect __PUNCT__

with these commonsens chang __PUNCT__ we will have fix our balanc_sheet __PUNCT__

instead of __MONEY___trillion in unfund commit hang over america_futur __PUNCT__ we have a balanc_sheet that is actual in balanc __PUNCT__

my administr will also make the hundr of billion of dollar in cut necessari to reduc spend to __NUM__ __PUNCT__ of gdp by the end of my first term __PUNCT__

i will cap it there __PUNCT__

and then __PUNCT__ without sacrif our militari superior __PUNCT__ i will balanc the budget __PUNCT__

there ar three wai i get thi done __PUNCT__

first __PUNCT__ i cut program __PUNCT__

i will look at everi govern_program and ask thi question __PUNCT__ is thi so critic that it worth borrow_monei from china to pai for it __PUNCT__

of cours __PUNCT__ we start with the easiest cut of all __PUNCT__ obamacar __PUNCT__ a trillion __PUNCT__ dollar entitl we don't want and can't afford __PUNCT__

it bad medicin __PUNCT__ bad_polici __PUNCT__ and when i presid __PUNCT__ the bad new of obamacar will be over __PUNCT__

we also cut thing like subsidi to amtrak and fund for plan_parenthood __PUNCT__

we repeal the union giveawai call the davi __PUNCT__ bacon act to save taxpay over __MONEY___billion per year __PUNCT__

second __PUNCT__ we will return feder_program to the state __PUNCT__

i will send medicaid back to the state and cap that program rate of growth __PUNCT__

and i will do the same for other program __PUNCT__ like food_stamp __PUNCT__ hous subsidi __PUNCT__ and job_train __PUNCT__

state ar better equip to perform all these function __PUNCT__

onc the economi is realli grow again __PUNCT__ i believ that we should return spend on these program to pre __PUNCT__ recess level __PUNCT__ cap their rate of growth __PUNCT__ and give the state flexibl and control __PUNCT__

taxpay would save_monei __PUNCT__ and those in need would benefit from program that ar more effect __PUNCT__ effici __PUNCT__ and respons __PUNCT__

welfar_reform show us how well a state __PUNCT__ led approach can work __PUNCT__

let extend that conserv __PUNCT__ small __PUNCT__ govern philosophi across the entir social safeti_net __PUNCT__

final __PUNCT__ govern itself must be made more effici __PUNCT__

i will shrink the size of the feder workforc by __NUM__ __PUNCT__ and link the pai and benefit of feder_employe to those of their peer in the privat_sector __PUNCT__

public_servant should not make more than the american who pai their salari __PUNCT__

thi is a plan to get america back on track __PUNCT__

and to get michigan on track we also need to see a strong and vibrant auto_industri __PUNCT__

let learn from the lesson of the past __PUNCT__

in my view __PUNCT__ the industri got in troubl becaus the uaw ask for too much __PUNCT__ manag gave too much __PUNCT__ and the govern cafe standard hurt domest automak __PUNCT__

the result wa a cost __PUNCT__ penalti per vehicl of about __MONEY__

even the best design and engin could not overcom that kind of cost disadvantag __PUNCT__

as we look forward __PUNCT__ the uaw must not imperil the futur of the industri __PUNCT__

cafe standard must not be overli burdensom __PUNCT__

the compani must invest in new technolog and new market __PUNCT__

we should get govern out of gener_motor so that it futur is determin by the demand of the marketplac __PUNCT__ not the prefer of bureaucrat __PUNCT__

and detroit should not just be the motor_citi of america __PUNCT__

it must be the motor citi of the world __PUNCT__

my econom_plan will strengthen america __PUNCT__ and strengthen michigan __PUNCT__

by make bold cut in spend and commonsens entitl_reform __PUNCT__ we will make our govern simpler __PUNCT__ smaller __PUNCT__ and smarter __PUNCT__

through pro __PUNCT__ growth polici __PUNCT__ we will get our economi back on track __PUNCT__ and get our citizen back to work __PUNCT__

taken togeth __PUNCT__ the plan i offer repres the biggest fundament chang to the feder_govern in modern_histori __PUNCT__

these ar conserv __PUNCT__ pro __PUNCT__ growth polici that will not onli jumpstart our economi __PUNCT__ but will stop the danger slide toward a societi that valu entitl over opportun __PUNCT__

we will restor the promis of america __PUNCT__

more job __PUNCT__ less debt __PUNCT__ smaller_govern __PUNCT__

now __PUNCT__ i know that presid_obama will critic my propos __PUNCT__

so be it __PUNCT__

i believ the american_peopl ar readi for real leadership __PUNCT__

i believ thei deserv a bold __PUNCT__ conserv plan for reform and econom_growth __PUNCT__

unlik presid_obama __PUNCT__ i actual have on __PUNCT__ and i not afraid to put it on the tabl __PUNCT__

my plan for america requir real leadership __PUNCT__ and it call for sacrific __PUNCT__

it doe not requir a leader to promis bigger and bigger benefit and someth for noth __PUNCT__

it requir a leader to call for sacrific __PUNCT__

and if i elect_presid __PUNCT__ i promis you thi __PUNCT__ togeth __PUNCT__ we will restor america promis __PUNCT__

here in michigan __PUNCT__ the futur will onc again be full of promis and prosper __PUNCT__

parent won't have to wonder if their children will have a better life __PUNCT__

thei know thei will __PUNCT__

togeth __PUNCT__ we will get our debt under control __PUNCT__

we will pursu spend_cut that rein in the deficit __PUNCT__ entitl_reform that tackl our long __PUNCT__ term debt __PUNCT__ and a pro __PUNCT__ growth tax_polici that will creat_job __PUNCT__ encourag privat_invest __PUNCT__ and foster risk __PUNCT__ take and innov __PUNCT__

if we pursu the polici i just describ __PUNCT__ you go to see a michigan with rise home valu __PUNCT__

your kid will come out of colleg and find job that ar consist with their skill __PUNCT__

busi will come here becaus of your unparallel workforc __PUNCT__

and michigan will onc again be known as an engin of innov __PUNCT__

i not promis that everi dai will be easi __PUNCT__

but i am promis that everi dai thing will get better __PUNCT__

togeth __PUNCT__ we will make_america strong again __PUNCT__

but to do that __PUNCT__ i need your help __PUNCT__

next tuesdai __PUNCT__ i need your vote __PUNCT__

if you want to make thi elect about restor america_great __PUNCT__ then i hope you will join me __PUNCT__

if you believ the disappoint of the last few year ar a detour __PUNCT__ not our destini __PUNCT__ then i am ask for your vote __PUNCT__

togeth __PUNCT__ let put america on the path toward more job __PUNCT__ less debt __PUNCT__ and smaller_govern __PUNCT__

let restor america promis and creat a new ag of prosper for the countri that we love __PUNCT__

thank you __PUNCT__

god_bless_america __PUNCT__