- Undo the record tax increases that go into effect January 1 by passing a simple bill that ensures no tax increase on any American, any business, anywhere.
- Undo Obamacare by defunding healthcare legislation that creates government run healthcare and will increase health costs $1 trillion by 2020.
- Undo the onerous rules, regulations and disincentives to job creation.
- Undo the plan to restore the Death Tax.
- Undo czar system by defunding all the czar positions created by administration. This action will send a message to the American people that there will be no more wasteful spending.
Then the 112th Congress should seize the opportunity to pass proven job-creating policies:
- Get spending under control immediately and go back to the 2008 budget level, which would save about a trillion dollars over ten years. This will send a clear signal that Congress is serious about righting our nation’s finances, and set the stage to move toward a balanced budget – just like we did in the 1990′s.
- Act swiftly to create incentives for investment and job creation. A good place to start is the Economic Freedom Act introduced by Congressmen Jim Jordan (R-OH) and Jason Chaffetz (R-ID), which will:
- Reduce the payroll tax by half for one year to provide immediate liquidity for companies and employees;
- Eliminate the capital gains tax to encourage investment in new companies;
- Reduce the corporate tax rate to 12.5%, to make us competitive globally;
- Permanently eliminate the death tax so small businesses and family farms can continue creating jobs for future generations;
- Provide immediate business expensing so American workers have the best equipment and are the most productive.
- Lay the foundations for long term economic growth by promoting an American energy plan that will lower our energy costs.
- Develop offshore energy : The American Energy Alliance estimates that increasing domestic energy production offshore would add $2.7 trillion in economic activity over the next ten years, as well as create 1.7 million new jobs.
- Promote clean natural gas : Encouraging development of the Marcellus Shale formation in West Virginia, Pennsylvania, and New York would make us dramatically less dependent on foreign energy and, according to a recent study from Penn State University, create over 200,000 new jobs in Pennsylvania alone. There are similar natural gas formations in Texas and Louisiana, meaning the potential for expanding affordable energy and creating new jobs is possible throughout the country.
- Encourage oil shale development : There is an estimated 800 billion barrels of oil locked away in shale in Colorado, Utah, and Wyoming, which is three times as large as the proven reserves of Saudi Arabia. Current regulations, however, make it economically impossible for companies to develop this resource. Allowing American companies to develop this resource would create jobs, lower the cost of energy, and reduce our reliance on OPEC.
- Create prizes for innovation : Congress should award prizes for innovation in clean energy technologies, from wind and solar to carbon capture technology for coal plants. Instead of taxing affordable energy, America should provide incentives for its entrepreneurs and scientists to develop the next generation of energy technology. This will expand American energy without increasing energy costs and killing jobs, as plans like cap and trade would do.
- Assert control over the EPA by passing a law that prevents the EPA from regulating carbon emissions so businesses do not have to deal with unknowable future costs imposed by regulatory fiat.
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