At the Heritage Foundation last week, House Budget Committee Chairman Paul Ryan demonstrated why he doesn't need to be running for President to be framing the debate for 2012. He delivered there on October 26 a breathtakingly beautiful speech on Saving the American Idea, which defines the Spirit of 2012.
With the “occupy” protesters disrupting civic life around the country and President Obama publicly bonding with them, we’re seeing that magical phrase – “the system has failed” – being used in increasingly ambiguous ways. So it makes sense that the rest of us should ask a couple of important questions: What “system” are they talking about? And in what sense has that system “failed?”
Both Perry and Cain include 100 percent cash expensing for new-business investment. Both Cain and Perry would eliminate the double tax on capital gains and other investments, as well as the double tax on the foreign earnings of U.S. companies.