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Economy evolves without government help
It is just common sense that if we want the economy to grow and we want new, lasting jobs to be created, we must not do things that create obstacles to those goals.
Increasing taxes on business owners will inhibit capital and therefore, make it more difficult for jobs to be created. Passing regulations that create additional administrational hoops to jump through hurts businesses and therefore, the creation of jobs.
So what are we to do to get a handle on our precarious economic situation? Reduce regulations and lift restrictions to encourage business development and to make it easier to do business. For instance, encourage the exploration and development of minerals, oil and natural gas. Remove the handcuffs President Obama put on our oil industry in the Gulf. Allow new nuclear power plants to be built. New jobs would be created, profits would be produced providing tax revenues, our balance of trade would be favorable impacted, our national security would be enhanced and we would have to depend less on foreign sources of energy. Make our tax code competitive in the world. Completely redo the income tax code for both individuals and corporations. Sign free trade agreements with Panama, South Korea and Columbia.
Liberal government and interest groups have been inhibiting our country for years. Out-of-control spending and restrictive policies have been cumulative and the results are now coming to a head in the form of unsustainable debt and obligations for health care and pensions as far as the mind can fathom. It’s time for us to stop pandering to special-interest groups and make smart decisions that will turn our country around.
CHRISTOPHER S. MOODY
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
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