Jobs & Economic Empowerment

PROBLEM

The American Economy has undergone the most severe contraction since the 1930s.  For the first time since the Great Depression, every gain of the prior expansion cycle was completely wiped out.  For true growth to resume at necessary rates, Government must lighten the burden it has placed on taxpayers, especially small businesses. 

BACKGROUND

In September of 2008, a financial market problem became a full-fledged panic, cascading across the real economy, destroying massive amounts of wealth in the process and yielding us a political environment that has given us the nationalization of entire sectors of the American economy.  Worse, between the non-stimulative “Stimulus” package passed by Congress in the early part of 2009 and the health care reform bill which passed the House recently, the rate of nationalization threatens to exceed 50% by 2013, converting the United States from the world’s most vibrant market economy to a socialist state.

No socialist economy has ever managed its way to prosperity.  No heavily indebted nation has managed to maintain its position as the global leader or the holder of the reserve currency.  For example, British debt as England started to nationalize its economy enabled the United States to force an end to the British Empire. 

To maintain American influence in the world and our position as guarantor of global security and holder of the world’s reserve currency, we must take responsible steps to restore the strength of our economy and the value of our currency immediately.

PROPOSAL

Eliminate all payroll taxes for all employers in those states for a period of three years.

Approve off shore drilling for oil and natural gas in Florida.  Approve nuclear energy power plants in Florida.

Rescind the Sarbanes-Oxley Act of 2002. 

How does this proposal affect today’s problems?

Jobs, jobs, jobs.  This proposal targets getting jobs for our out of work construction workers.  Train them in the energy industry:  drilling , nuclear energy and related tasks.

Job creation in the private sector has been and will continue to be the fount of economic growth.  The fastest way to stimulate that growth is to stop taking money away from the private sector, and to leave it in the hands of employers.  Three years of tax forgiveness will enable employers to spend time investing in their employees and to enable them to start to realize returns on their investment.

Also, small businesses have been the engine of job creation and economic growth in the United States economy over the past 50 years.  Leaving more money in the hands of small business owners will encourage investment in their businesses, encouraging even greater growth.  Furthermore, this money’s multiplier effect will not be diminished by government overhead and the time it takes to pass through that overhead, but will go to generate growth now.

With unemployment rates in some states exceeding 12%, it is vital that we restore the power to revitalize our economy to the people who can actually create jobs and new wealth.

Note:  Sarbanes-Oxley Act of 2002 was a response to the Enron scandal.  Rescinding this burden on business would be a response to the Economic Scandal of 2008 where our nation's economic policies devalued our businesses and our home values.

Check out Peg's Radio Show!

Share Peg

Networks

Actions

Peg's Video