Friend:Many in Washington promised Americans that government spending in the so-called “stimulus” package would put Americans back to work and get the economy going again. Yet, unemployment still remains near 10%, and implementation of the stimulus has been characterized by delays, fraud, and poor management. The trillion-dollar-plus government stimulus programs and taxpayer-funded bailouts have failed. A growing private sector economy is the only “stimulus program” that will create the jobs needed to restore America’s economic strength.
It’s time for real solutions to America’s fiscal crisis, which is why I am proudly cosponsoring the Economic Freedom Act, H.R. 5029. This legislation would:
Terminate the TARP program,
Repeal the remaining “stimulus” spending,
Usher in several tax decreases to provide a real economic recovery plan to create jobs,
Reduce the payroll tax in half for 2010, increasing workers’ paychecks and improving the bottom line for employers which leads to job creation,
Eliminate the death tax, ensuring that small businesses and family farms will continue creating jobs for future generations
Eliminate the capital gains tax, which would encourage the risk-taking and investment that is at the heart of the entrepreneurial spirit, and
Reduce the corporate tax rate to 12.5%, improving America’s competitiveness in the global market and providing incentives for expansion and job creation.
This comprehensive approach will help to restore economic freedom in the United States and put our country on the path to a brighter future. Please share your thoughts by e-mailing me here. I look forward to hearing from you.
Yours in service,
Randy Forbes
Member of Congress
