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:
— 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.
— 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.
— 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.
— 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.