Mark YorklyThe goal to improving our economy is to make it free to grow, by removing the restrictions that has hampered its growth in recent years. The government’s growing footprint in regulating business, and picking the winners and losers have scared business from expanding and creating jobs that will grow the economy.
We must make the U.S. the most job friendly and business friendly nation in the world. When corporations pay less tax they have more money to spend on creating jobs. When jobs are created, consumers will consume in the market place, because more people will have disposable income, because of the pay checks they receive. When consumers consume the economy grows. Remember what I said under the job creation tab: As a United States Congressman, I will promote the incentives and the opportunities that will encourage private expenditures to once again become the economic engine that creates prosperity.
We must cut Federal Spending and reduce the ranks of the Federal Bureaucracy. Cut the size of government by eliminating the layers of redundancy. Eliminate unnecessary agencies and their programs. Look at what can be done at the local and state levels and adjust the bureaucracy to reflect the autonomy that individual states would then have.
One other area for review that affects the economy in untold ways is to eliminate all corporate welfare. No tax credits or funds should go to any endeavor like green industries or private enterprises that become the pet projects of many in government. No corporation or entity is too large to fail; this would apply to small business as well.
I would call for a total top to bottom review of all governmental agencies. This would include headcount, their original charters and the budgets that in most cases are inflated and that are incubators for the waste and fraud that we all know exists.
Lastly, our national debt and deficits must be paid down so that our entitlement programs can be reformed without taking current benefits away from current recipients. Reform of entitlements must occur, but the reform must have a starting place that would take affect down the line.
This is a simple approach. If coupled with tax reform, balancing the budget and getting America to be self reliant while promoting personal responsibility the true American economy would once again become the model for the rest of the free world.
It is private expenditure that grows the economy, not the government.