Sunday, May 9, 2010

Suggestions for getting us out of the Recession

Here are some suggestions that might help us out of the jobless recovery/recession we are struggling to pull out of.

1. Repeal Obamacare, kill Cap-and-Trade.
2. Make Bush Individual Income Tax Cuts permanent.
3. Repeal Capital Gains and Dividend Taxes
4. Cut Corporate Tax rate from 35% (second highest in developed world), to somewhere around 20-25%.
5. Six month suspension of payroll tax.
6. BALANCED THE #$@&#$%!!! BUDGET. Cut discretionary spending by $300 billion (~20%), then freeze it there. Reform entitlement programs to make sure their costs grow by 1% per year or less, instead of 5-15% like they are now.
7. Simplify the Tax Code.
8. Sell Canada.

Also, States with high corporate tax rates (5% and above) should consider cutting them dramatically.

There is no guarantee this will bring us to the promise land, but I think it could really do a lot of good really fast.

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