Huntsman: Time to Clear Out Tax 'Cobwebs'

Friday, 02 Sep 2011 04:11 AM

By Hiram Reisner

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Presidential hopeful Jon Huntsman says his economic plan will clear out the “cobwebs” in the tax code and create jobs. The former Utah governor also said his proposals, endorsed in Friday’s Wall Street Journal, will bolster America’s economy and return the nation to the worldwide “game.”
“It speaks to job creation in a country that desperately needs it — it gets us into the game here, the second decade into the 21st century — and I’m very proud of it,” Huntsman told Fox News’ Greta Van Susteren. “But more than anything else, it draws heavily from what we did in the state of Utah. So as a candidate for the presidency of the United States of America, all I want to be able to do is say: ‘I have been there and I have done that’ — we reformed our tax code, we flattened the rate. We basically made it a whole lot more competitive in our state, and that’s exactly what we want to do for this country of ours.

“It’s time that we look at the tax code on the individual income side and on the corporate side and say: We’ve got to clear out the cobwebs — we’ve got to clear out the deductions, and the loopholes, and the corporate welfare, and we’ve got to buy down the rate. We’ve got to buy down the rate so that everybody benefits from that and it’s more competitive for the 21st century.”

Van Susteren noted that while the Wall Street Journal endorsement is important, it does come from a newspaper that caters to corporations and wealthier Americans.

The Journal endorsement says, in part: “Mr. Huntsman’s proposal is as impressive as any to date in the GOP presidential field and certainly better than what we’ve seen from the front-runners. Perhaps Mr. Huntsman should be asked to give the Republican response to the president's jobs speech next week.”

Van Susteren asked Huntsman what his plan does for those of lower incomes — particularly the unemployed.

“This plan, Greta, is all about jobs — that’s what it speaks to — it makes our economy that much more competitive; it speaks to job creation,” Huntsman said. “You’ve got 14 million people out of work. — you’ve got millions more who are so dispirited by the situation, they’re not even looking anymore. And so our tax reform basically looks at the bottom line being jobs in this country — we want to give people the dignity of a job — that’s the most important thing we can do. We need a tax code that is going to get us back in the game.

“We fundamentally must take the tax code and reshape it — we’ve got to clear out the cobwebs, the deductions both on the individual side and on corporate side and we've got to — we’ve got to buy  down the rate,” he said. “You combine that and regulatory reform — getting the regulatory monkey off our back — and we can turn this thing around. We can position ourselves for 21st century competitiveness and job growth. I've been there and I've done that — and I think we can do it for the nation.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
[Error loading the WebPart '']
Value cannot be null. Parameter name: virtualPath
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Prince George's Santa Visit a Relaxed Outing for Royal Family

Monday, 22 Dec 2014 15:40 PM

Prince George visited Santa's Magical Journey near his home, meeting Santa on a surprise visit that included both of his . . .

Prince's Goddaughter Arrested at Airport for Alleged Tantrum

Monday, 22 Dec 2014 15:10 PM

Tara Palmer-Tompkinson, Prince Charles' goddaughter, was arrested Saturday at Heathrow Airport after she reportedly thre . . .

Joe Cocker Dies: Legendary Rock Singer Loses Lung Cancer Battle at 70

Monday, 22 Dec 2014 14:37 PM

British singer Joe Cocker, known for a memorable Woodstock performance and cover of the Beatles' "With a Little Help Fro . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved