1. Continue the Bush Tax Cuts rather than letting them expire which would be considered a tax increase.
2. Discontinue what is left of the $787 billion dollar stimulus package. It never created the jobs you anticipated and the unemployment rate exceeded 10.2% even though you promised with the stimulus, it would not exceed 8%.
3. Cut the Capital Gains tax by a minimum of 15%. This would be an incentive for new investments.
4. Look at the corporate tax rates. If you take the 35% rate and combine with the average state tax, you have a combined rate of 39%. Most other countries are in the 20% range. Cut the rate by a least 10%.
5. Cut Federal Income Tax rates across the board by a flat 10% for all income brackets.
6. Do away with the penalties proposed under Health Care Reform legislation. The 8% penalty for businesses that do not provide insurance for employees under your plan is just going to be passed on to the consumers figuratively just as another tax. It could drive small businesses out as the try to control overhead costs.
7. And lastly, forget the 2.5% penalty for individuals who do not purchase your plan.
Oh yes, one other thing. I realize that it is not a tax increase or decrease but you might want to consider doing away with threats of jail time for those who do not purchase insurance under your plan. That could turn out to be an economic hardship on families and relatives. You're a family guy...you would not want that rap hanging over you.
No comments:
Post a Comment