A Tea Party Speaks Out on Economy and Jobs

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Art Laramee is a member of the Surprise Tea Party Email : Surprise.Tea.Party@cox.net

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Principals Fiscal Responsibility Constitutionally Limited Government Free Market

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November 3, 2010 On historic night, Republicans sweep House Democrats from power

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Principles Fiscal Responsibility Constitutionally Limited Government Free Market Goals Fix the Economy Create Jobs in the Private Sector

A Plan To Fix The Economy and create Private Sector Jobs: 

A Plan To Fix The Economy and create Private Sector Jobs November 15, 2011 Surprise Tea Party Surprise Arizona

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Jobs Act Raises taxes by almost $500 billion Creates jobs primarily for the public sector which require taxes every year to keep them alive He claims we need to pass it now as he kills jobs on the Keystone Pipeline by delaying a decision until 2013 And you need to read it as Jack Welch noted during a Meet the Press broadcast that Obama has s provision in the act to allow a candidate for a job who is turned down to sue for up to $300,000.

Objective: 

Objective Inject 3.4 Trillion into the American economy without a tax increase

Sources: 

Sources Inject 3.4 Trillion into the American economy without a tax increase $1.4 Trillion in foreign based profits sitting overseas $1.2 Trillion in domestic profits sitting on the sidelines $800 Billion spent in foreign countries on foreign imports for oil

Tactics: 

Tactics Bring back the $1.4 Trillion in foreign based profits sitting overseas 0% Repatriation tax provided it is completely reinvested in: R&D, corporate plant improvement or business expansion Bring back

Tactics: 

Tactics Repeal & Replace regulations written since 2008, Obamacare , Dodd-Frank, Sarbanes-Oxley Release the $1.2 Trillion in domestic profits sitting on the sidelines Release the Institute a moratorium on regulations, then force consideration of impact on economy as part of approval process Replace current tax code with simplified tax code and no exceptions Pass a Balanced Budget Amendment That makes sense

Tactics: 

Tactics Modify NEPA and other regulations used by extremist environmentalists to deny exploration and production Convert the $800 Billion spent on energy in foreign countries to Domestic Spending Convert the Create a special court for resolution of environmental issues Allow offshore drilling in Alaska, East Coast, West Coast and Gulf of Mexico Sell/Lease land purchased to prevent development of our natural resources

Tactics: 

Tactics Inject 3.4 Trillion into the American economy without a tax increase Bring back the $1.4 Trillion in foreign based profits sitting overseas Release the $1.2 Trillion in domestic profits sitting on the sidelines Convert the $800 Billion spent on energy in foreign countries to Domestic Spending 0% Repatriation tax provided it is completely reinvested in R&D, corporate plant improvement or business expansion Repeal & Replace regulations written since 2008, Obamacare , Dodd-Frank, Sarbanes-Oxley Institute a moratorium on regulations, then force consideration of impact on economy as part of approval process Replace current tax code with simplified tax code and no exceptions Balanced Budget Amendment Modify NEPA and other regulations used by extremist environmentalists to deny exploration and production Create a special court for resolution of environmental issues Allow offshore drilling in Alaska, East Coast, West Coast and Gulf of Mexico Sell/Lease land purchased to prevent development of our natural resources

Outcomes: 

Outcomes President Obama spent/borrowed nearly a trillion dollars for the first stimulus package and wants a half trillion more for the second stimulus package with no emphasis on private sector jobs, he would create jobs that can only continue with continued government spending/borrowing. This plan involves no government stimulus money , puts twice as much into the economy as both Obama’s stimulus plans, cuts our balance of payments and gives us freedom from dependence on foreign imports for energy , while removing revenues from our enemies. It revitalizes our economy in that fossil fuel energy exploration and production creates hundreds of thousands of jobs and brings ancillary sector jobs in by the tens of thousands. This will have a positive impact on all other sectors of the economy, change attitudes and restore confidence in the future .

Evidence of Impact of Energy Sector: 

Evidence of Impact of Energy Sector Look at North Dakota to see the benefits that result from energy exploration and production and the effect they have on the economy. North Dakota has 3.3% unemployment rate and is begging for workers to come and be trained for jobs with the oil companies. The housing market has received a huge boost with all the employment. Road construction employment is up. Tax revenues are up. Retail businesses are opening and flourishing. There are many substantial benefits realized in North Dakota and the time to ramping up is relatively short when compared with other approaches. There is no propped up demand with energy. The demand is already there and this is fulfillment that benefits us in every way. There are other North Dakotas waiting for their chance.

Business Benefits: 

Business Benefits With a return to fiscal sanity, businesses will return to investment and innovation, hiring, growing the economy and creating wealth that feeds the government and its debt and deficit problems. Lowered corporate tax rates will allow our businesses to compete with businesses in foreign countries who have already lower tax rates for their businesses. Relieved from the tsunami of regulations promulgated by the Obama administration, existing businesses can focus completely on their markets and make a profit more predictably and new businesses have the barrier to entry lowered.

Federal Government: 

Federal Government A bloated government is a massive parasite on the economy. A bloated government allows for many bad things to happen and go unnoticed until it is too late. A bloated government leads to ungovernability and a danger to freedom . A renewed economy will allow us to shrink government without claims that it will hurt the economy. As we shrink government we improve the efficiency of the economy and the effectiveness of government. As we shrink the government, the states will become more independent, have more ownership and more responsibility for things the federal government once had.

Cost of Medicine: 

Cost of Medicine We need to continue the push for competitiveness between insurance companies and make all available to every state to underscore that competitiveness. We need to allow groups to come together and buy insurance as a group and negotiate terms for the group. We need to continue to push the cost of medical care down without ruining the quality and availability of medical care. Tort reform is a good example of one action that will drive down costs. This reform not only gets rid of frivolous law suits , it cuts down cost of insurance and unnecessary medical procedures .

Workforce That Matches Business and Consumer Needs: 

Workforce That Matches Business and Consumer Needs For sure we need to continue to emphasize education for science, math and technology There are any number of business organizations that could accomplish this. They also must communicate the forecasted needs for skills to the public to encourage individual career choices that match future demands. To this end businesses must become more involved in the education process, especially at the high school and college level. But we also need to have skilled workers for manufacturing jobs and the trades.

Social Security: 

Social Security Social Security is not just a retirement pension program. It has been turned into a welfare program with all kinds of beneficiaries. It has been turned into a disability program. The pension aspect needs to be decoupled from the welfare/disability aspects. The current and near term recipients should be guaranteed not to be affected by changes except for means testing. There are 4 problems with Social Security that need to be addressed There are too many people supported by too few people There is no money in reserve for real and the way it was designed Congress is allowed to keep it this way . Congress treats it like a slush fund even to the point of using its funding for a tax break this year . Funding is insufficient for expenses

Social Security (1 of 4): 

Social Security (1 of 4) The Problem: There are too many people supported by too few people Reduce the number of people on Social Security How to fix it: Actions to fix it: Means test Social Security. Allow people to opt out of Social Security Allow people the option to put it into a private 401k style personal retirement account with 401k style rules, including transferring to another state. Continue the current incremental increase in eligible age to 70 with early retirement at 65 at reduced benefits. Allow people to put their contribution into a privately managed retirement fund such as is done by many companies with organizations like Fidelity., allow roll over to other managed funds.

Social Security (2 of 4): 

Social Security (2 of 4) The Problem: There is no money in reserve for real and the way it was designed Congress is allowed to keep it this way. . Divert funding from paying out expenses to paying into investments to support future outlays How to fix it: Actions to fix it: Pass a law requiring that all future payments into the current SS program must be invested and not used to pay out benefits to  current retirees.  Use rules similar to the rules that private retirement management companies use. Similarly require that future payments to retirees come from the investment account and cannot exceed a certain percentage or require that the investment account cannot be reduced beyond a percent of the outlay requirements. Force changes to SS that will maintain the ability to pay out to anticipated outlays if necessary.

Social Security (3 of 4): 

Social Security (3 of 4) The Problem: Congress treats it like a slush fund even to the point of using its funding for a tax break this year. . Eliminate the ability of Congress to do anything with the money How to fix it: Actions to fix it: Rewrite the act that created SS such that the money cannot be used for any other purposes or encumbered in any way by Congress or the President .

Social Security (4 of 4): 

Social Security (4 of 4) The Problem: Funding is insufficient for expenses . Increase the funding so that it is sufficient to support the outlays How to fix it: Actions to fix it: Remove the cap on Social Security income for tax purposes Increase the Social Security tax by some small amount Fund the excess requirements from the general fund until it is no longer necessary.  This is exactly what we are doing already. In 2011 there is no funding for SS as we are using the funding for a tax holiday. Obama proposes to continue this into 2012.

Medicare (1 of 2): 

Medicare (1 of 2) Remove the government from administering Medicare as is done with Medicare Advantage. That is, the government pays the insurance company of the insured’s choice, a fixed monthly stipend to manage the Medicare plan. Costs are now fixed and there is no waste fraud and abuse. The insured gets to choose from a variety of plans that have a variety of monthly premiums. Means test Medicare recipients. The wealthy do not need Medicare. Super-Rich people do not need it. Allow a disaster insurance program for the less-than super-rich but still-rich recipients. Adjust the contribution to Medicare as costs and inflation dictate. Medicare will benefit from efforts to reduce the cost of medical services outside of Medicare improvements.

Medicare (2 of 2): 

Medicare (2 of 2) Increase the age for qualification to match Social Security except for current and near term recipients. Reduce government involvement in insurance by having government specify minimum requirements for insurance coverage but not maximum requirements or additional benefits or costs. This will allow insurance companies the freedom to be competitive without going below certain minimums and will allow the most popular aspects of Obamacare to be retained. Minimum requirements such as no lifetime cap or the inability to drop someone because they turn out to be a bad risk are examples. The benefit of keeping children in a family plan until they are out of school could be required but the insurance company should be allowed to determine the charge for it is another example.

Medicaid: 

Medicaid Block grant to the states with no strings attached.

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Email Surprise.Tea.Party@cox.net