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Friday, December 30, 2011

Newt Gingrich

Gained a supporter today, Art Laffer - I think he was Ronald Reagan's economic advisor or worked on the advisory board - he like Newt for his economic plan

Newt's Economic Plan
• drop corporate tax rate from 35% to 12.5%
• end ALL capital-gains tax (this means you buy a house and you sell it for more, you don't have to give half of the gains to the government)
• eliminate death tax (yes they will tax you for dying, or rather your estate)
• optional 15% FLAT TAX rate (also called the national sales tax, but I think he is figuring this as an income tax so EVERYONE pays 15% ... it seems more fair. If you make $35,000/yr you pay $5,250 in tax ... If you $1million you pay $150,000 in taxes ... Hollywood will never go for it)
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Bring back the GUARANTEED STUDENT LOAN program and you can have my vote!

The GSL program was the single most important program that got the middle-class child into college ... and make the CHILD responsible from the get-go instead of the parents and I'm betting that the state universities will see a great influx of students and test scores will rise in high schools as that college degree will become attainable to students again.

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