Senator Jim DeMint has proposed a plan to create jobs, grow the economy, and save taxpayers billions of dollars. It’s been estimated to create 18 million new jobs in 10 years. It capitalizes on the American people’s ingenuity and frees them to take America’s economic destiny back from Washington control.
Here’s how it works:
1) Stop the crippling tax hikes set to hit taxpayers in 2011. Unless Congress and the President act soon, they will allow massive tax increasses begining on January 1, 2011. Senator DeMint’s plan would permanently:
Repeal the alternative minimum tax (AMT) once and for all
Keep dividends and capital gains tax rates at 15%
Repeal the Death Tax for estates under $5 million and cut the tax rate to 15% for larger estates
Extend the $1,000 child tax credit
Eliminate the marriage penalty
Simplify itemized deductions to include home mortgage interest and charitable contributions
2) Keep the Federal Government from taking more than 25% of income. Senator Jim DeMint believe no American family or business should have to pay more than that. The plan empowers American families and businesses instead of government by:
Lowering the top income tax rate – the one paid by most small businesses – from 35% to 25%
Simplifying the tax code to include only two other rates – 15 and 10 percent
Keeping jobs and investment in America by lowering the U.S. corporate tax rate from 35% to 25%. This tax is currently the second highest among industrialized nations, forcing jobs and trillions of dollars overseas.
Read or Watch More:
Senator Jim DeMint offered his plan as an alternative to President Obama’s false stimulus last year. Watch the video here.
Watch a video from Senator Jim DeMint about a jobs plan that works and read more here.
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