Varchild2008 (84.39)

Varchild's Jobs Recovery Plan

December 03, 2009 – Comments (6)

I already wrote about my plan before at the beginning of year / end of last year.... numerous times...

But, I will do so again... because now Pres. Jimmy Carter II is getting set to introduce "PORKULOUS BILL PART DEU"  which is exactly like PORKULOUS BILL PART UNO.... just with a $300 billion price tag instead of $787 billion.

I can't wait for Senator Carl Levin to jump out and say, "We have to raise taxes in order to support this new Porkulous Bill" like he did concerning providing our Afghanistan Forces with the soldiers and resources asked for by General McChrystal to achieve victory over there.... *cricket*  *cricket*

Anyhow... Here we goooo...

Step 1)  SUSPEND the EPA:  I say the E.P.A. gets an Indefinite Suspension until the Economy Recovers...  We roll back all E.P.A. regulations and DUCK TAPE the E.P.A. from being able to make new ones...

In case anyone thinks the environment will go to heck... Hey... Guess what.... The CRU of EAST ANGLIA University have already proven with their Deception and Lies that CO2 is not a pollution and Man Made Global Warming is actually Michael MANN made up.

So??  We already scooped up a gigantic portion of the United States of America's Forests under the control of the Federal Government....  So an elimination of EPA regulations some how devastating the environment??? PAH LEASE.....  Not a chance....

What will happen with STEP 1??

A)  Off-Shore  Drilling   JOBS open up....    What with the price of oil heading towards $80.00... Now is a great time to start drilling for the higher gross margins that pricier barrels can provide.

B)  Encourages Foreign Investment...    Company's will have less reasons to not come over here and start a buisness to compete with American Businesses..... Thus hiring Americans...

Think about the Auto Industry and how difficult it is to build a vehicle under the ever increasing, ever stricter EPA emissions requirements...   Once those emissions requirements VANISH.... How long do you think it will take TATA MOTORS to move their Headquarters from INDIA to AMERICA??

Seriously....   TATA's got Landrover... They can now build Landrovers as cheaply as possible cause emissions restrictions are expensive to build towards.  HUMMER controlled by CHINA won't have to worry about emissions requirements....etc. etc.

STEP 2)  10% SLASH to the CORPORATE Tax Rate +  Simplify the Tax Code + Job Creation incentive for health care benefits.

A)  From 38% Corporate Tax Rate to 28% will make it possible for businesses to have cheaper tax rates without having to hire a Tax Auditing Agency to find the loopholes to bring the tax burdon down.

B)  Simplifying the Tax code means getting rid of all "loopholes" in the tax code because they aren't going to be necessary anymore.  It is much better to just have a Single Tax Assigned to Businesses that they have to pay.... This eliminates the "Mystery" that occurs towards the end of the year in which company's have to assess inventory levels + asset conversion to determine whether they have to lay anyone off...

Let's not get all crazy here.....  I say do away entirely with the INVENTORY tax.   Just have 1 TAX.... Call it the CORPORATE TAX... and make it say 28%.... and done!  No Federal Taxation on anything else!

C)  Let's put Businesses in a declining Tax Rate System where the company gets to enjoy a permanent tax rate reduction depending on whether they offer health care to their employees or not.

So... 28% TAX is what you have to pay as MAXIMUM...

If you're company offers health care benefits then you get 1% tax rate deduction every single year you offer those benefits...  If you pull the benefits you go back to 28% immediately...

And your tax rate can drop a full 8% maximum to 20% Corporate Tax Rate after 8 years of Health Benefits being offered.

Heck... We can take a page from OBAMACARE and say the health care benefits must include pre-conditions.... or what have you to comply with the Corporate tax rate deduction plan.

Step 3)  ELIMINATE Health Industry Regulations + TORT REFORM)    Yup kill all of them... Let's see how much job creation occurs in the Health Insurance industry when every Health Insurance company has to compete against each other..

No more monopolies in Alabama if Insurance company A  has to compete with every single other insurance company.... Cause all insurance company's in America will have the ability to sell their Insurance Plans to anyone in America... Across State Lines...

Furthermore... These company's can now design their health insurance plans any way they want without Government involvement to muck things up....

You want a plan that only pays for Catastrophic Care....and does not pay for your low cost drugs (like Prilosec), Doctor's Visits...etc.?  I know I do....   

TORT REFORM will easily bring down health care costs by reducing the need for defensive medicine.  No brainer....

Step 4)  Health Savings Accounts)   Let's allow as an option for Americans to donate a portion of their pay checks to an HSA.... They will own and control and manage their own HSA....

1 Government Agency under Auditing Authority by a private sector auditing agency can set up this HSA.

Step 5) Personal Investment Accounts)   In the same way as the HSA.... Make it possible for Americans as an OPTION to put a portion of their money into a PSA.  The PSA will be invested in a combination of BOND, Commodity, or Stock index funds of your own personal choosing and your own management.

The PSA will act as a supplement to the already insolvent Social Security Program....initially...

However.... once the PSA becomes strong enough it could potentially result in a drawdawn of the Social Security System.... I.E. If Americans prefer the PSA which they will and enough money has grown from everyone's PSA pools... to justify it.... a slow decline in the Social Security program until it is GONE would be warranted.

eventually  imagine this.... ZERO TAXES that you have to pay against your pay checks for Social Security regardless if you participate in the PSA or not.  Because if everyone is healthy enough financially through their PSAs to not need a Social Security program.... then why in the heck have one?

If you are working minimum wage.. sure... you won't have need to put money into a PSA... But once you land a career.... you will be using the PSA......

And the PSA has many other advantages.. such as completely making a 401K / IRA  program run by your Corporation that hired you obsolete.... Imagine Businesses never needing to have PENSION Programs because the PSA offers better financial gains?

The PSA should be set up exactly like an IRA account where you pay taxes up front so you do not owe any Taxes when you withdrawn them after you're retirement.....  You can also have the option to take out an emergency LOAN against your PSA if you need to..

Gee?  Simple right???  I think lots of Jobs will be created under this simply philosophy of DE-REGULATION and LOWERING TAXES and LOWERING HEALTH CARE COSTS.