A REPUBLICAN PARTY CONTENDER FOR THE WHITE HOUSE
There has been fierce debate across the aisle about how to fix our deficit, about the need to grow our economy, about the need to create lucrative and rewarding jobs, and about the need to – through a host of smart economic policies and programs – replicate the Clinton-era balanced budget and economic surplus.
By the way, as a Republican, acknowledging that a democrat achieved the great fit of securing for us economic surplus, and in partnership with a Republican House Speaker, achieved a balanced budget doesn’t make my politics bad. It rather reinforces my professionalism and statesmanship. Giving credit to whom credit is due is not bad politics. And should not be viewed as so.
So how do we reduce our deficit, create jobs, and accrue excess revenue for the treasury?
First, by incentivizing our youth to go to school to acquire the skills relevant for the 21st century economy. And how do we do that? By making access to funds for education easier for them. For all American youth and be it for graduate school, college, or community college education.
There are so many jobs in the IT and health sectors that are out there waiting for folks to fill them up. But we have a dearth of professionals who have the skills for these specific jobs. The caveat however is that some of the times folks are enthusiastic for these kinds of jobs but most of the times do not seek to pursue a career in them because they presume that these kinds of jobs are not for folks that look like them. The role my administration will play in this situation will be to encourage employers, especially those in Silicon Valley, to demonstrate through their recruiting processes that these jobs are up for anyone who have the required skills and not just for certain people. I will also encourage the institutions that grant funds to acquire these skills to make their process impartial so that anyone who is desirous of further education can have easy access to funds. When more Americans are gainfully employed, the costs on government of social welfare such as unemployment benefits and food stamps will be reduced. When folks are gainfully employed rather than depending on government for handouts, the more money government will be making through taxes that folks will be paying. And the more the people who are employed and independent of the government, the more money that can be freed from the social nest to tackle other pressing needs the country do have, such as fixing our infrastructure. And fixing our infrastructure also creates jobs. This is an all-round win for the economy.
We have deficits because our revenues are less than our expenses; hence our need to borrow money to offset our budgetary deficits. To fix our deficit – that is, to stop borrowing more money and to start repaying our debts – we have to find more ways to generate more revenues. That is it. There is no other way around that. And one of the ways to generate more revenues for the government would be to raise taxes on Americans. So read my lips. I am a Republican and I will raise taxes on the rich. The poor and the middle class are already paying their fair share. Some are paying more than 25% of their gross income on taxes. I am not seeking to punish the rich because they are rich. But I will make our tax system fair. Hence as your president, I will propose to Congress an across-the-board flat tax rate of 25% for all Americans. I will not simply propose it to Congress and abandon the fight just like most presidents do after their State of the Union address. I will work hard with men of good conscience in Congress to make it a law. That is a promise.