I have always believed that the business sector should have been asked to develop its own plan that would regenerate jobs in the U.S., or at the least, the sector should have had a part with Congress in developing such a plan. Now it appears that a plan has been developed as a response to Obama's job plan that does not add any additional costs to taxpayers as would the Obama plan.
Basically, what the plan states is to eliminate taxes for businesses. It happens to be a good plan considering that most Americans no longer pay much in the way of income taxes, which has been part of the problem regarding government expenditures since so little income is generated under the Bush tax cuts.
The plan would bring back jobs to the U.S. that previously were outsourced overseas. It would enable businesses to develop under a no tax law and should provide millions of jobs in a short period of time with no additional cost to government, a.k.a., taxpayers. The plan is long overdue.
I am for a plan that works for businesses, consumers and American workers, which this one would. There is no reason why American businesses and American citizens should not share in prosperity.
The following is borrowed from Fox News...
"The U.S. Chamber of Commerce, the pro-business lobby that has repeatedly clashed with the Obama administration over economic policy, put forward its own jobs plan, in the form of an open letter to Congress and the president that was published last Monday.
“What we really tried to pull together were five or six items that could very quickly be put into place, actionable steps that don't require much of a lift by Congress or the administration,” said R. Bruce Josten, the chamber’s executive vice president of government affairs.
The chamber plan – which group executives boast is deficit neutral, costing the federal government nothing to implement – consists of a number of core elements. These include swiftly enacting three long-stalled free-trade agreements, for which the Obama administration has not yet sent Congress the necessary language for adoption; expanding domestic oil and gas production stymied by current and pending environmental rules; accelerating investment in infrastructure; easing regulations, permitting procedures, and VISA requirements; and overhauling the U.S. tax code.
Among the chamber’s tax proposals are the offer of a tax holiday for businesses that return overseas operations to American soil, and the establishment of a “corporate capital gains tax window” to entice capital back into the marketplace."
Read more: http://www.foxnews.com/politics/2011/09/09/obamas-jobs-plan-tale-tape/#ixzz1XZ1Q9i2W