Our immediate and urgent need is jobs, jobs, jobs. We must have programs that grow the economy, but Obama has been and still is philosophically unable to take actions that encourage private industry to expand and add jobs. Instead, the president actually believes the way to provide jobs is for the federal government to spend money, but the failure of the stimulus and the deficit take away this option.
Definitely, government has a major role, mostly undoing some of the actions it has taken, including repealing Obamacare. Every time we look at this we find it more costly; now it is estimated to cost 50 billion dollars more a year than first projected. How can business deal with this?
Government musrt do away with EPA regulations which are unnecessary and restrict business, making it more difficult to add workers.
Let's lower the corporate tax rate. It is better to collect 10 per cent than collect not one cent of the 35 per cent rate ( .i.e. GE). Also get corporations to bring some two trillion dollars home without tax if they will use at least one-fourth to create jobs.
Yes, I agree with Obama that government has a part to play, but that is mostly to get out of the way.
Much more can and must be considered. How about bringing our trade with China into balance? We do the research to develop new products then turn to China to manufacture them. This country must bring manufacturing jobs back home. Corporations want profits and they want to pay little or no taxes. Let's re-structure our taxes to encourage growth and jobs in the United States. We might need to resort to some new policies to encourage retailers like Walmart and Target, for example, to buy from American manufacturers. Perhaps we could levy a tax of a percentage of the price on every item sold that is made outside of America. An unusual idea, yes, but we need ideas. We need to bring manufacturing back and provide jobs for our people.
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