Video: Economic Security
To build a better business climate in America, we must first reduce our spending. No department is immune from a justified spending cut. It’s time to reign in the deficit and look critically at spending on entitlements to chip away at the debt. Just as many of us follow a household budget, government must also live within its means.
Political intervention in our economy has corrupted and enriched both politicians and big business at the expense of small business, entrepreneurs, and the overall prosperity of every American. Corporate bailouts are dangerous market toxins that reward inefficiency and bad behavior, destroy the ability of the market to correct poor decisions, and reduce productivity.
Government’s responsibility is to provide the necessary climate for the free exchange of goods and services. Such a climate includes a strong, sound currency which is not continuously devalued by a powerful, unelected, and virtually unaccountable central bank. I am in favor of auditing the Federal Reserve and reducing rules and regulations that inhibit economic growth.
To jump-start our economy, I propose capping spending at FY10 level through FY15. Beginning in FY16, we balance the budget (total spending cannot exceed tax revenue). Additionally, I propose an immediate 5-year vacation (2011-2015) from the corporate income tax and the capital gains tax, and an across-the-board 15% cut in personal income tax rates.
Individuals should only be taxed once and at one rate. No more spending hundreds of billions of dollars every year just to navigate the complexity of the federal tax code. To that end, I will co-sponsor the FairTax plan.
Prosperity results from people, not government. American ingenuity and innovation must be unleashed: minimize political interference in our economy, and our standard of living will rise.
My guiding principle is that government cannot create jobs, wealth, or progress – only people can. I am committed to slashing wasteful spending, providing tax relief and reform, eliminating red tape, and loosening Washington’s strangle-hold on small business.
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Feb 12 at 4:08 pm | James Massee
It looks as though Democrats in congress are attempting to pass “Stimulus II” by changing it’s name to a “Job’s Bill.” Some Republicans in congress have gone on record saying that they will not “stand in the way” of a “Jobs Bill.” Would you vote for a “Jobs Bill” that costs billions and it’s real purpose is to “stimulate” the economy with borrowed and/or printed money?
Mar 12 at 5:25 pm | Brian Miller
James, no I wouldn’t. Ironically, the “Jobs Bill” has provision to extend unemployment benefits up to 99 weeks! Only the federal government would subsidize unemployment and call it job creation.
Mar 23 at 2:57 am | Douglas J. Dennee
Again, I find myself in agreement. However, when are going to stop subsidizing private industries that can’t stand on their own — such as, tobacco, railroads, etc. This is the role of the federal gov. Let the states take care of their local industries. Thanks for listening.