Friday, October 19, 2012

Every American voter is approaching a critical decision. Of the two presidential candidates before us, who is best suited to lead our nation through the next four years?

The answer to that question is a simple test: can they ignite economic growth? - Charles R. Schwab/Forbes

...Every voter needs to ask which candidate will offer the most incentives to get our economy growing again. For example, which candidate will look at tax policy as an incentive to spur growth? Capital gains are taxed at a lower rate in our tax system today to recognize and encourage people to put their money to work. That money in turn gets invested in businesses which hire and expand. That tax incentive encourages risk taking and investment for growth. Which candidate understands the power of tax incentives?

Which candidate understands how to effectively apply an incentive to encourage businesses to invest in job training? It is a tragedy today that there are jobs available but not enough people trained to fill them. Which candidate would streamline the muddle of ineffective programs today and encourage corporations to sponsor training programs through a simple, universal incentive? A properly-sized tax credit for job trainees hired over the next five years would do the trick.

Which candidate will review every line of the tax code and regulation to assess its relevance and its complexity? If there is a simpler, clearer way to meet the goals, the regulation should be rewritten. If the regulation is outdated, it should be scrapped. Job creators, particularly small businesses, are looking for clarity and certainty: certainty from the tax code, certainty on the regulatory environment. Business leaders cannot create jobs when they cannot accurately assess the impact of taxes and regulations on their business....

Which candidate has the record to arrive at the big decisions and incentivize growth? Mitt Romney supports all of the growth-generating measures I have outlined above. If economic growth is what we need—and I believe it is—he is the right choice.