Send a balanced budget amendment to the states. Most states have to balance their budgets; let’s ensure the federal government does. The House has given them the law they need; act on it let the states respond.
Cut the 15 percent capital gains tax rate in half or more. Make it profitable to take cash off the sidelines and invest it in inventing the future. Eliminating the capital gains tax would allow a free flow of investment capital into countless new business startups, and that means new jobs.
Open up our own reserves to exploration and development by domestic energy companies. Environmental excesses are costing us jobs and economic opportunities we desperately need. Stop forcing us to buy energy from others when America is blessed with vast oil, gas, coal, uranium, rare earth and other natural resource riches. The jobs created and the cost savings we could generate by developing those reserves could help turn our economy around.
Set a limit on unemployment benefits and eliminate the minimum wage regulations. Ninety-nine weeks of unemployment support is enough. People want work and a chance to prove their value, not perpetual dependence on government. Let companies hire people at any wage so that they can prove their value and have better opportunities when they do.
Eliminate exemptions, loopholes, and deductions. Let those who are “too big to fail” fail. End corporate welfare where government picks the winners and losers. Stop giving our tax money to allow failing companies to give exorbitant bonuses to executives who don’t deserve them! Make America more competitive.
Repeal Davis-Bacon. Instead of forcing the government to pay inflated union wages, allow governments to pay prevailing private sector wages. The tax money set aside for government projects would go a lot further and more workers could be hired.
Free Americans to be THE ANSWER. Finally, we need to stop looking to Washington to “do more” and “fix” the problem. Put the focus on the real answer to America’s economic malaise—free individual entrepreneurs, investors, and workers who apply their skills to invent the future and reap their due reward. The underlying strength of the American workforce and the unmatched technological depth of our economy will be the basis for our resurgence when, and only when, Washington once again permits our economy to perform at its full strength by rewarding achievement instead of dependence.