Posted by: Debby Durkee | January 5, 2011

GOP needs bold initiatives.

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GOP needs bold initiatives.

Looking at the big picture, many in the GOP believe they must come out with some big plans to move the country out of the dumps it finds itself in due to the Obama recession and the Democrat Congress’s continuation of it. In addition to attempts to repeal Obamacare either totally or piece by piece, there are some other ideas floating around, some bold, some so-so. This is from Human Events.

Republican officials say their No. 1 policy priority in the New Year will be the No. 1 issue that toppled Democrats from power in the House and added six new Republicans to the Senate: Getting the economy growing at a much faster pace and creating jobs. Snip –

Here are a few big ideas that have materialized in order to build on their win in maintaining the Bush-era tax cuts:

Deficit -Neutral Tax Cuts: Reform the entire U.S. tax code by eliminating dozens of special interest tax breaks and loopholes that broadens the tax base and allows Congress to lower the income tax rates, including a top rate of 28 percent for people and businesses.

  • Extend the two percentage point worker payroll tax cut to every employer to make it financially feasible to hire more employees.
  • Enact a 20 percent cut in small business income taxes, and a lower minimum wage youth differential to boost employment among lower income, unskilled workers.

Spending Cuts: Eliminate the deficit in five years by 20 percent a year through a combination of increased tax revenues from higher economic growth, nondefense spending cuts, program eliminations, privatizing commercial government enterprises like Fannie Mae and Freddie Mac, banning earmarks, and freezing pay raises and federal hiring.

Controlling entitlements must also be a chief focus of Congress’s efforts to reduce spending and shrink the government’s debt. But fixing Social Security and Medicare will take much more time because of enormous political obstacles to overhauling what have become the Holy Grails of government.

Nevertheless, Congress must now begin exploring the many options to reforming these programs — including a shift to private retirement and medical care accounts — before their costs engulf our economy and plunge our country into irretrievable and unaffordable debt.

Trade Expansion:  Enact job-creating trade agreements with South Korea, Columbia and Panama, restart fast track negotiating authority, and work out new trade agreements that will open up new markets for U.S. goods and services in the global economy.

End OffShore Drilling Moratorium: The administration’s moratorium on offshore drilling have cost U.S. jobs throughout the oil industry, driven up the cost of oil and led to higher gasoline prices at the pump. Ending the drilling ban will create jobs, reduce gas prices and help boost economic growth.

Regulatory Reduction: Republicans on the House Financial Services Committee are already combing through the Dodd-Frank Wall Street Reform and Consumer Protection Act in preparation for repealing regulatory takeover provisions that would put taxpayers on the hook for bailing out bankrupt financial firms.

“We’re looking at it provision by provision,” Rep. Spencer Bachus (R-Ala.), the incoming committee chairman, told the Washington Post. Under the “resolution authority” granted under the Dodd-Frank law, that allows the FDIC to take over failing financial firms, “you’re talking about billions of dollars” in taxpayer bailouts,” Bachus said.

Let’s keep in mind the Republican senators who voted for the outrageous Dodd-Frank bill: Scott Brown of MA, and Olympia Snowe and Susan Collins of Maine. Each of these “Republicans” should face a primary challenger next time around.

Plans are now underway to reexamine all of the administration’s regulatory initiatives that Republicans say have imposed new job-killing costs on businesses from manufacturing to healthcare.

I would add a flat tax that would apply to all, including corporations, so that our companies could compete worldwide. I believe that, killing Obamacare and eliminating out of control regulatory schemes, by FCC, EPA, Energy and other unelected bureaucracies, are some of the most important ideas in the list above, not only for the economy but for our individual freedoms and the future of the republic. Read it all here: http://www.humanevents.com/article.php?id=40987

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Responses

  1. Only one word “AMEN”

  2. Happy New Year!
    I’ve been harping on Obama’s rule by decree for a while. The regulatory blitz by unaccountable bureaucrats in the FCC, EPA, HHS, and DHS has to be stopped and overturned. Congress has the tool–the 1996 Congressional Review Act. If they don’t use it, we may not be blogging in the not-so-distant future. At least, not if we’re conservatives.

    • Happy New Year to you as well, Bob Mack.

      You are entirely correct about all of the out of control agencies, czars, department heads, unelected and unaccountable bureaucrats…they are the death knell of the country. Our free speech as conservatives is directly threatened by the Internet power-grab by the FCC. Our country’s economic freedom (such as it is!) is directly threatened by the attempt by the EPA to control carbon when Congress refused to act on Cap and Trade. We basically have a “Dictator of Medicine” in HHS Secretary Sebilius — not only dictating to the American people but also dictating to American businesses…so she threatens economic and personal freedoms. Let’s hope and pray our newly-elected Republican Congress can stop them long enough to turn the tide on these traitors in 2012.


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