Weblog Commenting and Trackback by HaloScan.com The Barnyard: How To Fix And Grow The Economy

Tuesday, February 17, 2009

How To Fix And Grow The Economy

As usual Newt Gingrich has come out with a list of policies that if inacted would work very quickly to jumpstart our economy now and into the future and I can't argue with anything on this list of twelve solid proposals.

1. Payroll Tax Stimulus. With a temporary new tax credit to offset 50% of the payroll tax, every small business would have more money, and all Americans would take home more of what they earn.
2. Real Middle-Income Tax Relief. Reduce the marginal tax rate of 25% down to 15%, in effect establishing a flat-rate tax of 15% for close to 9 out of 10 American workers.
3. Reduce the Business Tax Rate. Match Ireland’s rate of 12.5% to keep more jobs in America.
4. Homeowner’s Assistance. Provide tax credit incentives to responsible home buyers so they can keep their homes.
5. Control Spending So We Can Move to a Balanced Budget. This begins with eliminating congressional earmarks and wasteful pork-barrel spending.
6. No State Aid Without Protection From Fraud. Require state governments to adopt anti-fraud and anti-theft policies before giving them more money.
7. More American Energy Now. Explore for more American oil and gas and invest in affordable energy for the future, including clean coal, ethanol, nuclear power and renewable fuels.
8. Abolish Taxes on Capital Gains. Match China, Singapore and many other competitors. More investment in America means more jobs in America.
9. Protect the Rights of American Workers. We must protect a worker’s right to decide by secret ballot whether to join a union, and the worker’s right to freely negotiate. Forced unionism will kill jobs in America at a time when we can’t afford to lose them.
10. Replace Sarbanes-Oxley. This failed law is crippling entrepreneurial startups. Replace it with affordable rules that help create jobs, not destroy them.
11. Abolish the Death Tax. Americans should work for their families, not for Washington.
12. Invest in Energy and Transportation Infrastructure. This includes a new, expanded electric power grid and a 21st Century air traffic control system that will reduce delays in air travel and save passengers, employees and airlines billions of dollars per year.

2 comments:

Marshall Art said...

I've seen this list and I like it. Only two comments however, with the first related to #4. How can we distinguish the responsible from the irresponsible? What criteria would be used? To me, a responsible homeowner has a self-created fund of at least six mortgage payments in the event of a job loss or other major negative event.

The other is #12. It is my understanding that this expanded electric power grid is quite the pricey deal. My concern is that I just don't know enough about it.

I'd have to think that at least some of these things were run up Obama's flag pole. I'd like to know his reasoning for not saluting.

Tapline said...

Goat, I like it....makes sense,,,,,that's why it's not being looked at...possibly because of the author?????...Great post....