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Common
Sense Principles
Grow the Economy
It is imperative
that we grow the private sector to expand
the economy and get out of this recession. To do this, we must do 3
things.
Increase capital investment in business, reduce the cost of operating
business,
and eliminate obstacles to growth.
It
is important to first establish that government
expenditures of tax revenue (Stimulus) has not worked and will not work
if
attempted again. The tax revenue is pulled from the private sector and
then put
back into the private sector. It is merely moving water from one side
of the
bucket to the other. It has no growth effect. Worse still the tax
revenue has
historically been pulled from those who are the job creators, leading
to
recession instead of growth. Government stimulus is transferring of
revenue
from those who create jobs to those who don’t. Zero growth is the best
outcome
possible.
The fundamental
first step to growth is more capital in the
private sector. This is effortless for Congress. It requires no
expenditures of
tax revenue. Simply leave revenue in the private sector through lower
taxation.
Those at the lower end of the economic spectrum spend this increased
revenue in
their budgets. The result is more commerce conducted in the private
sector.
Those in the middle and on the upper end invest in other’s businesses
or their
own. This creates growth and jobs and more commerce in the private
sector. The
result is increased opportunity and prosperity across the economic
spectrum.
Congress can
enhance private sector growth through energy
policy. More energy is cheaper energy. Less expensive energy lowers
production
and transportation costs. This leads to lower priced goods. That puts
more
disposable revenue in ctizens’ budgets. That results in more commerce,
more
growth. This can be done with simple legislation that requires no
taxpayer
revenue. We must open up more domestic energy sources, such as domestic
drilling, hydraulic fracturing to access shale reserves, and approving
the
Keystone Pipeline. The Green Energy jobs never materialized. It is time
to end
taxpayer-funded subsidies. Green energy must compete in the private
sector,
reducing cost in the long run. Congress must stop obstructing the
energy
sources that work and stop investing the taxpayer’s money in energy
sources
that don’t.
With
revenue and cheaper energy, the economy will grow. At
this point, the federal government merely needs to get out of the way.
Federal
regulation is necessary to protect workers who are on the job. There
must be
laws to prosecute and punish those who abuse or defraud, but that is
all. When
regulation grows beyond that, it begins to become a hindrance on
employment and
a threat to growth. Furthermore, it interferes with the functioning of
the free
market. Americans must be free to make their own choices, even bad
ones.
Regulation that prevents the free will of the American people will
always
result in economic loss for the working class and the poor because
non-competitive monopolies are created.
Washington
cannot create jobs. Government jobs only move the
same revenue from one place to another. The private sector creates
jobs,
generates wealth, and grows the economy. As your Congressman, I will
fight for
lower taxes to keep revenue in the private sector, support expansion of
domestic
energy sources, and remove obstructions to growth.
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