For those who say the Republicans are the party of 'no' and have no ideas, Jim Jordan (R-Ohio) introduced H.R. 5020 - Economic Freedom Act of 2010 - recently. It is still in committee and the Democratic majority probably will not allow it out of committee this year.
The bill has a number of supporters however and, should the Republicans achieve a majority in November, they will bring it to a vote on the House floor early in 2011.
Basically the bill proposes the following:
1) Eliminate the capital gains tax.
2) Reduce the corporate tax rate to 12.5%.
3) Permanently eliminate the death tax.
4) Provide immediate business expensing.
5) Reduce the payroll tax by half for 2010.
6) Repeal the "stimulus" spending (except for unemployment benefits and the tax cuts).
7) Terminate the TARP program.
Would you vote for this? Why or why not?
The bill has a number of supporters however and, should the Republicans achieve a majority in November, they will bring it to a vote on the House floor early in 2011.
Basically the bill proposes the following:
1) Eliminate the capital gains tax.
2) Reduce the corporate tax rate to 12.5%.
3) Permanently eliminate the death tax.
4) Provide immediate business expensing.
5) Reduce the payroll tax by half for 2010.
6) Repeal the "stimulus" spending (except for unemployment benefits and the tax cuts).
7) Terminate the TARP program.
Would you vote for this? Why or why not?