Taxes
Replace current income tax with three brackets: 8, 14, and 23 percent; no deductions or credits, no tax on capital gains or dividends. Repeal estate tax, cut corporate rate to 25 percent, shift to “territorial” approach to encourage firms to bring foreign profits home.
Deficits and budget
Supports balanced budget amendment and entitlement reforms. Says Obama’s call for “balanced” approach, with tax hikes, would slow recovery.
Jobs and growth
Rein in regulations, cap size of financial firms so they’re not “too big to fail.” Promote free trade and enforce trade laws without prompting a “trade war” with China.
Social Security and safety net
Consider Social Security fixes such as higher eligibility age, means testing, and adjusting the inflation formula by which benefits go up over time. Criticizes rivals for “frightening the American people who just want solutions.”
[Has withdrawn from the race]
