This section is titled: OUR PLAN TO END THE UNCERTAINTY AND CREATE INCENTIVES FOR JOB GROWTH
Alright, I am going to sift through the babble and see what is actually being said here. This section begins on page 13 and starts with lofty phrases and then starts with what we are up against. Roger – got it. Its hard because of all the reasons listed. But guess what! You still haven’t said what you are specifically going to do! That doesn’t get around until page 16.
- Permanently Stop All Job-Killing Tax Hikes. Alright, permanent enstatement of the current level of taxation is a start.
- Give Small Businesses a Tax Deduction – We will allow small business owners to take a tax deduction equal to 20 percent of their business income. OK, you have blown it on the very next bullet. Just leave me alone. Treat small business like everyone else. Have a flat corporate tax rate. Imagine if the collective brainpower of most of the accountants and tax lawyers was released into the market to produce something that was positive, instead of being focused on compliance! Holy mackerel – what could all those smart folks do! Instead this has gone right back to trying to buy off a group of folks instead of just leaving them alone!
- Rein in the Red Tape Factory in Washington, DC – Excessive federal regulation is a de facto tax on employers and consumers that stifles job creation, hampers innovation and postpones investment in the economy. When the game is always changing, small businesses cannot properly plan for the future. To provide stability, we will require congressional approval of any new federal regulation that has an annual cost to our economy of $100 million or more. This is the threshold at which the government deems a regulation “economically significant.” If a regulation is so “significant” and costly that it may harm job creation, Congress should vote on it first. I will agree with the first sentence wholeheartedly – excessive federal regulation compliance IS a defacto tax. The idea of having congressional approval for items that cost $100 million or more is not a bad idea. But the devil is in the details. Will the courts think this is not an unconstitutional infringement of the legislative upon the executive branch? Who defines the $100 million cost? Who does the cost estimating? I’m not sure I am a fan on second thought, but I like the way you are thinking.
- Repeal Job-Killing Small Business Mandates – One of the most controversial mandates of the Democrats’ government takeover of health care requires small businesses to report to the Internal Revenue Service any purchases that run more than $600… Yes, some common sense here. Go ahead and repeal this.
Overall grade: S – Same underlying premise as before – big government is ok, it just has to be restructured and restrained more. I’m not seeing a real change of heart.