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Thursday, June 18, 2009

Gingrich talks common sense

Once again Newt Gingrich identifies practical, workable solutions to a crisis. To get the country’s economy back on track the former House Speaker and present general chairman of American Solutions for Winning the Future, suggests 12 sensible things America should do:

  • Create a payroll tax credit to help workers and small businesses.
  • Cut the 25 percent marginal tax rate to 15 percent.
  • Reduce the business tax rate.
  • Stabilize housing prices by providing tax credits so responsible home buyers can avoid foreclosures.
  • Control federal spending and move to a balanced budget.
  • End Medicare fraud by requiring states to adopt anti-theft and anti-fraud measures.
  • Develop more American energy.
  • Abolish taxes on capital gains.
  • Protect workers' right to vote in a secret ballot before being forced to join a union.
  • Replace the Sarbanes-Oxley law regulating corporations' accounting practices.
  • Abolish the death tax.
  • Invest in infrastructure, including a new electric grid.

An ad in USA Today outlining these 12 ideas criticized the "failed Washington model of bailouts, deficit spending and a bloated federal bureaucracy."

Newt Gingrich is probably the most perceptive and credible voice on the scene today. We have to hope more people will start listening to him.

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