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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (16363)	7/29/2009 10:22:34 AM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 103300

I received an email from Newt Gingrich this morning, here's what he said: Four Very Bold "Reagan-Style" Tax Changes Jobs Here, Jobs Now, Jobs First consists of four very bold tax changes. 1. A 50 Percent Cut in Payroll Taxes for Two Years For workers, this means cutting Social Security and Medicare payroll taxes in half for two years -a substantial take-home pay raise for every person who has a job. For employers, a 50 percent cut in the Social Security and Medicare tax match means more money to hire new workers and invest in new technology. For the economy as a whole, it would bolster small businesses and lead to an explosion of jobs. 2. Abolish the Capital Gains Tax To compete with China for news jobs and investment we need to match their capital gains tax: It's zero. If we want our children and grandchildren to live in the most productive country in the world, we need more than short-term, government make-work jobs. We need the investment required for new factories, new companies and new technologies to create long lasting jobs. Abolishing the capital gains tax would produce such investment. 3. Reduce the Corporate Tax Rate The Left loves to demonize corporations, but when you add together state and federal taxes, American corporations pay the highest taxes in the world. We believe that by matching the Irish corporate tax rate of 12.5 percent, America would become the most desirable economy in the world to open a factory, create a new job or develop a new production. And that means more jobs for American workers. 4. Eliminate the Death Tax Permanently By taxing Americans a second time after they die, government does a fundamentally immoral thing: It tells us that it wants us to work all our lives, save all our lives, and provide for our families. And then it takes the fruit of that hard work when we die. If we want to be a pro-work, pro-savings and pro-family nation, it's past time we stop punishing Americans who work, save and provide for their families. Your friend, Newt Gingrich GZ