Huntsman releases his full jobs plan

at 08:04 PM ET, 08/31/2011

Jon Huntsman released a detailed economic plan this afternoon,

unveiling the proposal in a campaign speech he gave in New Hampshire.

You can read the full 12-page document here.

There will be more thoughts on Huntsman’s proposal in this space soon, but here are some of the major highlights:

Tax Reform:

— Eliminate the Alternative Minimum Tax and the capital gains tax.

— Reduce the corporate tax rate from 35 percent to 25 percent.

— Simply the tax code to eliminate all deductions and credits, replacing them with lower rates of 8 percent, 14 percent, and 23 percent.

Regulatory Reform:

— Repeal the Affordable Care Act, Dodd-Frank, and Sarbanes-Oxley.

— Rein in the authority of the Environmental Protection Agency, National Labor Relations Board, and Commodities Future Trading Commission.

— Enact comprehensive patent reform and overhaul the FDA.

— Privatize Fannie and Freddie.

Energy:

— Drill for more oil in the Gulf, Alaska, and Canada.

— Increase natural gas production through fracking.

— Eliminate subsidies that support foreign oil and lift regulations that restrict the use of natural gas.

— Modernize the power grid.

Trade:

— Pass impending free trade deals with South Korea, Colombia, and Panama.

— Push for new free trade agreements with Japan, India, and Taiwan.

— Support the Doha round of World Trade Organization talks.

 
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