The Promise of Santorum-omics | The American Spectator | USA News and Politics
The Promise of Santorum-omics
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My column at CFIF today discusses the most lamentably underlooked proposal of the presidential campaign so far, namely Rick Santorum’s plan for economic growth:

Santorum would lock in place the current, low cap-gains and dividend rates, while cutting corporate income-tax rates immediately in half. Better still, he would “repatriate taxable income outside the United States at a rate of 5% to induce job creation here in America rather than abroad” – and, boldest of all, he would completely eliminate corporate income taxes for all manufacturers. A more powerful set of job-producing measures could hardly be imagined.

Whatever happens with this year’s budget debates, the long-term growth outlook for the USA will remain limited as long as our structure of investment-related taxes acts as a wet blanket on the economy. Even if all of the promises of the Gang of Six plan are implemented, that plan’s lower corporate rates would still not make the United States competitive in the international market. Santorum’s far bolder plan would do so. No matter who is president, conservatives ought to embrace the principles of Santorum’s plan.

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