Too little, too late for a fading to irrelevance GOP contender, but the other day Jon Huntsman came out with his economic/job producing plan in the wake of the much anticipated Obama jobs speech next week. I’m surprised that he was first out of the gate on an issue that should be job one (tee hee) on every one’s resume, but here it is.
I won’t post an excerpts, it is a short piece and all good stuff, stuff incidentally that if you dissect it one by one, stuff that I have talked about and endorsed, maybe that is why I like it.
Flatter fairer simpler tax bases, what’s not to like.
Getting rid of subsidies and deductions, about time. The government should not be in the business of rewarding some business (people) and penalizing others, tax people on their income, nothing else.
Getting rid of capital gains, removing the double taxation and providing some relief to the middle class and elderly, both of these classes rely on cap gains for their survival.
Lowering the corporate tax rate, self explanatory, private businesses are the real job creators, provide an atmosphere that is conducive to growth.
Repealing Obamacare, Dodd-Frank, and Sarbanes-Oxley, stuff that is necessary but will have to wait till after 2012.
Neutering the EPA, FDA and the NLRB, same as above, necessary but not feasible now.
His recommendations are also significant for what it leaves out, implementing a VAT. For those who haven’t heard much about VAT’s, stand by, you will. The Europeans discovered this handy new means of legal thievery years ago, amongst those Harvard academician types that populate Obama’s economic advisers, the VAT is gaining traction big time.
If nothing else, Huntsman threw some cold water on the genuines to put up something themselves. Folks want to know what they will do beyond the typical political bromides, some specifics are in order. The typical ,”I will just get out of the way and let the free market work” is so yesterday.