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Pawlenty touts his economic plan
“This idea that we can’t do it in America? Hogwash,” he told Fox News Sunday. “I believe in this country.”
The former Minnesota governor believes he can get the nation back on track by cutting taxes and spending to the tune of trillions of dollars over the next decade. He has proposed lowering the top individual tax rate to 25 percent from 35 percent. He would also reduce the top corporate rate to 15 percent from 25 percent.
“American businesses today pay the second highest tax rates in the world,” he said in a statement on his website. “That’s a recipe for failure, not adding jobs and economic growth.”
His plan hinges on growing the economy 5 percent each year for the next decade. But that hasn’t happened in America since 1984, and even in good times — when Ronald Regan and Bill Clinton served as president — the average growth rate was only 3.5 percent.
“The country is sinking,” he said. “We need serious people with serious ideas.”
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About the Author
Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at firstname.lastname@example.org.
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