WSJ Says Huntsman’s Economic Plan Best Yet from GOP Contenders

Discussion in 'Politics' started by Toro, Sep 2, 2011.

  1. Toro
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    Toro Diamond Member

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    FWIW

    John Huntsman rolled out his economic proposal this week. It includes

    • Lowering personal tax rates to 8%, 14% and 23%
    • Eliminating all deductions and credits.
    • Eliminate the double taxation of dividends and capital gains
    • Eliminate the Alternative Minimum Tax
    • Lower the corporate tax from 35% to 25%
    • Corporate profits made abroad would not be subject to tax
    • Repeal health care reform
    • Repeal Dodd-Frank
    • Repeal Sarbanes-Oxley
    • Restrict the EPA
    • Reduce the power of independent agencies such as the NLRB
    • Streamline testing at the FDA
    • Privatize Freddie and Fannie
    • Increase drilling in the Gulf of Mexico, Alaska and shale deposits. Encourage imports from the Canadian Oil Sands
    • Make free trade a priority again

    Review & Outlook: Huntsman's Good Economic Plan - WSJ.com
    Time To Compete - An American Jobs Plan | Jon Huntsman for President

    I like the tax reform, deregulation and energy parts (except drilling off Florida!). He doesn’t say what he’d do with health care other than repeal the law. Repealing Sarbanes-Oxley is a good idea. Dodd-Frank is a monster, and should be reformed, but there are good laws that should not be repealed.

    I don’t agree with everything, but it’s pretty decent. I could live with it.
     
  2. Fyght
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    Fyght Member

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    It looks good, even drilling off of Florida. We should be producing our own energy.
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    Yeah, right.

    Where have we seen this campaign-like-a-libertarian-govern-like-a-democrat, bait-and-switch tactic before?

    Ummmm...Oh yeah....Only every presidential campaign since (at least) Nixon.

    No sale here.
     
  4. Richard-H
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    Richard-H Gold Member

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    Toro-

    C'mon admit it! You hate America don't ya?
     
  5. Richard-H
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    Richard-H Gold Member

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    Why would you think that drilling off of Florida would increase America's energy?

    If they allowed more drilling, they'd lease to rights to a foreign company, most likely.

    Even if they did lease it to an American company, they'd just put the oil on the world market. China would probably benefit more than America.

    Did you know that our oil resources are not nationalized? If they were, then yes, America would see an increase in enegry, but we're not nationalized, so only the oil companies would benefit.
     
  6. Baruch Menachem
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    Baruch Menachem '

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    I don't know if I want a repeal of Sarbanes/Oxley. I would like a substantial overhaul. The whole point of S/O is that we wouldn't have bogus valuations of assets on company books. And lo and behold the driving force for the farce of the meltdown of 2008 was the bogus valuations of the bonds and assets of Fannie/Freddie.
    Fannie and Freddie have got to be totally privatized and tightly regulated. So that Fannie and Freddie are subject to S/O type regulation.

    And heath care has to be substantially fixed. The Ryan plan is a good start.

    Getting rid of AMT is a good start

    Getting a fix on double taxation would be nice, but it is a third rail issue. Total ignorami love it.

    Dealing with repatriation of US funds stuck overseas would be a huge kick in the accelerator for US investment.

    And Free Trade as a priority would be an even bigger help. I would like to see perfect free trade between the US and Canada. It might even be a bigger deal to the North American economy and politics than the Zolverien of the 19th Century was to Germany.
     
  7. Richard-H
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    Richard-H Gold Member

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    If this grand plan were to fail and cause massive poverty, suffering and death in the U.S., you would object if we went Stalinist on you would you?
     
  8. Fyght
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    Fyght Member

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    More oil in the market is better for everyone.
     
  9. Richard-H
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    Richard-H Gold Member

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    If that were true, all oil producers would always run at maximum production, which they do not.

    Has it ever occured to you that having America preserve it's oil resovoirs is strategically in the best interest of America's long term future?
     
    Last edited: Sep 2, 2011
  10. Fyght
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    The hold back because they are an oligopoly, but cheaper oil is best for consumers and businesses.

    It is not in our best interest to cut back. That is economic suicide.
     

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