America's Job-Creating Machine
While much of the pundit attention yesterday focused on David Plouffe's inside baseball op-ed in the Washington Post, likely Senate candidate Harold Ford went real world in the NY Times with this four-point agenda:
The message [Massachusetts] voters sent was clear. With one out of five Americans unemployed or underemployed, President Obama and the Democratic Party need to shift attention away from health care and toward a bold effort to create jobs, improve the economy and rein in the size of government...
First, cut taxes for businesses — big and small — and find innovative ways to get Americans back to work. We can start by giving any companies that are less than five years old an exemption from payroll taxes for six months; extending the current capital gains and dividend tax rates through 2012; giving permanent tax credits for businesses that invest in research and development; and reducing the top corporate tax rate to 25 percent from 35 percent.America's primary job-creating machine — the private sector — needs to be rejuvenated. Democrats must lead now on job creation or risk forfeiting Congressional majorities in November.
Second, we should pass a more focused health reform bill that restructures current health care costs before spending more, prohibits insurance companies from denying coverage for pre-existing conditions, enacts responsible reform on malpractice suits and extends health coverage to all children. And we must allow states to have input into the expansion of health coverage, as they will have to pay for much of the reform themselves...
Third, we should reform our immigration policy to ensure that those who contribute to our economy, especially foreign math and science graduates of American universities, have a clear path to citizenship.
Finally, we need to address budget deficits now rather than waiting for some ideal future economic situation.
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