By Bret Hayworth
Sioux City Journal
SIOUX CITY — Standing on a steel stage at Missouri Valley Steel, Republican presidential candidate Mitt Romney on Friday touted his business acumen as a prime reason he should be elected president in 2012.
Romney referenced growing up and learning business lessons from when his father George Romney led American Motors Corp., which Romney then took as he had a subsequent successful business career.
He lamented that President Barack Obama and many Washington lawmakers don’t understand that government action has stymied the entrepreneurial spirit in America.
Speaking to 110 people the morning after the presidential debate that aired live Thursday from the Sioux City Convention Center, Romney said taxation of U.S. corporations should be reduced from 35 to 25 percent and regulations should be pared back. He said that would serve to expand the sluggish economy, aiding workers.
The more businesses thrive, the more people will become employed and the more they will spend and percolate the economy, Romney said.
“These are tough times, even for those with jobs. The median, or average, income in America has dropped by 10 percent,” he said.
Romney spoke for 35 minutes, splitting his time equally between a speech and answering five questions. The questioners asked him to address government entitlement reform, how young farmers can get started in the expensive field and about his view of religion in the public sphere.