An Economic Alternative to Runaway Spending

A realistic plan for recovery must focus on creating sustainable private sector jobs. Specifically, we must:

Reduce Government Spending.
Over the next ten years, the United States will pay an average of $500 billion in interest on the debt every year. These interest payments will squeeze out other funding priorities and prevent economic recovery.
Encourage Exports at Home.
We should exempt American exports from taxation. The U.S. is one of the only countries that taxes products sold abroad. America needs more exports to rebalance international trade.
Remove Trade Barriers Overseas.
The U.S. has a free trade policy – but almost no other nation does. We need to ensure fair trade by demanding that our trade partners lower their tariffs and taxes on American-made products.
Stop Raising Taxes.
America needs tax cuts for the middle class, not class warfare. We should not raise the income tax on small business owners in the middle of a recession.
Stop Punishing Job Creators.
The U.S. has the second-highest business tax on Earth. We need to reverse this ranking, because high taxes – not high wages – are killing jobs in America.
Encourage Innovation.
The next breakthroughs in energy, medicine, and environmental technology will come from America. We need to create incentives for useful research and development. We also need to re-emphasize science and math in our public schools.
Lower Energy Costs.
Until the next technological breakthrough, we need an all-of-the-above energy strategy that reduces costs through greater output and conservation. Plans to increase taxes on energy will make gasoline, transportation, heating and food more expensive for all Americans.

This proposal for economic recovery is an alternative to out-of-control spending. It is not government-as-usual. It is government as it should be: responsible, efficient and transparent. And it won’t cost you a trillion dollars.