Economic Recovery Act 3020


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Economic Recovery Act 3020

  1. 1. THE HIGHLANDS TEA PARTY Sebring, Florida
  2. 2. Congressman Jim Jordan Economic Recovery Act <ul><li>Economic Recovery Through Private Sector Growth </li></ul><ul><li>The American economy lost over 7 million jobs, and the American people are more than 4 trillion dollars deeper in debt today because the tax-and-spenders in Washington, D.C. failed to heed President Reagan’s words: “Government is not the solution to our problem. Government is the problem.” </li></ul>
  3. 3. ECONOMIC FREEDOM ACT <ul><li>The multi-trillion dollar government stimulus programs and taxpayer-funded bailouts have failed. A growing private sector economy is the only “stimulus program” that will create the jobs needed to restore America’s economic strength. </li></ul>
  4. 4. ECONOMIC FREEDOM ACT <ul><li>Congressman Jordan and Congressman Jason Chaffetz (R-UT) have introduced H.R. 5029, the Economic Freedom Act, a plan to unleash the power of America’s private sector economy. </li></ul><ul><li>The Economic Freedom Act would terminate the TARP and repeal the remaining stimulus, replacing them with a real stimulus plan to create jobs by:  </li></ul>
  5. 5. ECONOMIC FREEDOM ACT <ul><li>  Reducing The Payroll Tax by Half for 2010 </li></ul><ul><li>Providing immediate stimulus by increasing workers’ paychecks and improving the bottom line for employers  </li></ul>
  6. 6. ECONOMIC FREEDOM ACT <ul><li>Eliminating The Capital Gains Tax </li></ul><ul><li>Encouraging the risk-taking and investment that is at the heart of the entrepreneurial spirit </li></ul>
  7. 7. ECONOMIC FREEDOM ACT <ul><li>Reducing the Corporate Tax Rate to 12.5% </li></ul><ul><li>I mproving America’s competitiveness in the global market and providing incentives for expansion and job creation </li></ul>
  8. 8. ECONOMIC FREEDOM ACT <ul><li>Permanently Eliminating the Death Tax </li></ul><ul><li>Ensuring that small businesses and family farms, the engine of our economy, will continue creating jobs for future generations </li></ul>
  9. 9. ECONOMIC FREEDOM ACT <ul><li>H.R. 5020 - Economic Freedom Act of 2010 - recently. It is still in committee and the Democratic majority probably will not allow it out of committee this year. </li></ul>
  10. 10. ECONOMIC FREEDOM ACT <ul><li>The bill has a number of supporters however and, should the Republicans achieve a majority in November, they will bring it to a vote on the House floor early in 2011. </li></ul>
  11. 11. ECONOMIC FREEDOM ACT <ul><li>Congressman Tom Rooney (R-Fla.), a member of the Republican Economic Recovery Working Group, today cosponsored the Economic Freedom Act, H.R. 5029, a bill that would help businesses grow and create new jobs by permanently reducing job-killing taxes and curbing runaway government spending. </li></ul>
  12. 12. ECONOMIC FREEDOM ACT <ul><li>“ My constituents are still asking, ‘Where are the jobs?’ Florida’s statewide unemployment rate is 12.3 percent, and in some counties in my district, unemployment is as high as 15 percent. While the federal government may be growing at record speed, hard-working Americans are left out to dry,” Rooney said today in a floor speech announcing his support for the bill. </li></ul>
  13. 13. ECONOMIC FREEDOM ACT <ul><li>“ Small businesses, not federal agencies, are the engines of our economy. We need to establish an environment that will allow Florida’s small businesses to grow and create new jobs. The Economic Freedom Act will permanently cut job-killing taxes on businesses and incentivize banks to start lending again.” </li></ul>
  14. 14. NO SPIN DISCLAIMER <ul><li>There has been no “SPIN” put on this information by the creator or any member of the Tea Party. </li></ul><ul><li>All information is obtained from the web site “ON THE ISSUES” at and from the Candidates own web sites. </li></ul>