Jon Huntsman’s American Jobs Plan

1. Tax Reform.
   • Individual Taxes.
     • “Zero Plan”. Rates of 8%, 14% and 23%.
     • Eliminate the Alternative Minimum Tax (AMT).
   • Corporate Taxes.
     • Reduce the Corporate Rate from 35% to 25%.
     • Shift from a Worldwide System of Taxation to a Territorial System.
     • Implement a Tax Holiday for Repatriation of Corporate Profits.
   • Eliminate the Taxes on Capital Gains and Dividends.
2. Regulatory Reform.
   • Repeal President Obama's Unconstitutional and Unaffordable Health Care Plan.
   • Repeal Dodd-Frank.
   • Streamline the Food and Drug Administration's Approval Process.
   • Enact Comprehensive Patent Reform.
   • Repeal Sarbanes/Oxley.
   • End the Environmental Protection Agency's (EPA) Gross Regulatory Overreach.
     • Roll-back Ozone Standard Revision.
     • Roll-back Joint Fuel-Efficiency Rules.
   • Expedite the Environmental Permitting Process.
   • Gov. Huntsman will immediately instruct the NLRB to stop pursuing this politically-motivated attack on free enterprise, and if they fail to do so, he will replace them.
   • As President, Gov. Huntsman will demand the Commodities Future Trading Commission undertake serious cost-benefit analysis before implementing any regulations.
   • Privatize Fannie Mae and Freddie Mac.
   • Mandate Cost-Benefit Fundamentals at Agencies.
3. Energy Independence.
   • We must expedite the review and approval of safe and environmentally-sound energy projects, including the development of North American oil and gas reserves; oil and gas in the Gulf of Mexico and Alaska; shale gas and oil in the U.S.; and Canadian oil sands.
   • We must eliminate subsidies and regulations that support foreign oil and inhibit clean, domestic alternatives such as natural gas, biofuels and coal-to-liquid fuel.
4. Trade.
   • The United States should take the lead in initiating free trade agreements with Japan, India and Taiwan, among others. We must begin to send a message to the world that we will once again lead on trade liberalization.
   • Support the Doha Development Round of World Trade Organization Negotiations.
   • Lead in Reaching a Successful Conclusion of the Trans-Pacific Partnership.

Not too bad a plan. The three-tier zero plan sounds progressive too me. Although, less progressive than what we have now. Since it is three-tier I suppose the rates correspond to the lower-class, middle-class and upper-class. Getting rid of the AMT is a good idea. I like reducing the corporate tax and getting rid of capital gain taxes and dividend taxes, although the corporate tax could be lower like 15%.

Interesting idea to reform patent regulations. First candidate to suggest that.

He does have a foreign policy. Huntsman supports Israel and considers Iran a threat.