The following is Part 2 of my campaign primer for the 2012 General Election:
Campaign’s Policies
I think it would safe to agree that the four major issues for this campaign are job creation, economic development, healthcare, and foreign relations. So we have to look at each candidates plan to address each of those categories. It should be noted that neither candidate will get us out of debt and the facts when the math is accurately addressed show that both will still be deficit spending and adding to the national debt. So much for “my plan is better than your plan.”
Jobs and economic development
President Obama’s Plan
1. Tax cuts to help America’s small businesses hire and grow!
The president would cut taxes in half for 98% of businesses on the first $5 million in payroll. Further, the benefit would target the majority of businesses that fall below that threshold. The plan is projected to create tens of thousands of jobs across the country. The drawback is that the President would be reliant on Congress passing the tax cut in order for it to work. From a political sense it is smart because he is forcing the Republicans to put their money where their mouth is. It would make them look hypocritical if they vote against a tax cut when that is what they have long asked for.
2. A complete payroll tax holiday for added workers or increased wages!
Companies that hire new workers or provide raises to current employees will enjoy a complete reduction in payroll taxes for the period extending through 2012. This plan also involves reducing some regulations to make access to capital easier.
3. Putting workers back on the job while rebuilding and modernizing America!
Tax credits for those who hire veterans returning from war of up to $9,600. Investments in over 35,000 public schools, upgrading them and renovating them for internet use and developing more inspiring science labs. Providing funds to keep police and firefighters on the job while preventing 280,000 teacher layoffs. Providing funds for roads, airports, waterways, and railways would put hundreds of thousands
