Santorum to Obama: Here's The Economic Plan You Asked For

Verona, PA - Following President Obama's invitation to Republicans yesterday to offer "concrete plans that will actually reduce inequality, build the middle class, provide more ladders of opportunity to the poor," former U.S. Senator and former presidential candidate Rick Santorum re-issued the manufacturing plan that was the centerpiece of his campaign for president in 2012.  

"President Obama, you asked for concrete plans to reduce inequality and increase opportunities for hardworking American families.  Well my plan is at the ready, and it will rejuvenate the American economy by empowering American families and building economic freedom," said Senator Santorum.

"Strong families lead to a strong economy and this plan celebrates the family by reviving our economy and creating jobs in America again with a smarter and simpler tax code.  This plan also rolls back job-killing regulations, forces the federal government to shrink, and it reinvigorates our domestic manufacturing and energy potential," Santorum continued.

Some of the highlights of Senator Santorum's manufacturing plan include:

  • Cutting the corporate tax rate for domestic manufacturers from 35% to 0%;
  • Repatriating foreign income at a 5% tax rate rather than the current 35% to bring those revenues home to be invested in America;
  • Increasing the R&D Tax Credit from 14% to 20% and making it permanent;
  • Reducing the regulatory burden currently stifling American innovation, including complete repeals of ObamaCare, Sarbanes-Oxley, and Dodd-Frank; and,
  • Expanding domestic energy exploration to lower energy costs for manufacturers and create good paying manufacturing jobs.

"And if we are serious about lifting people out of poverty we have to be serious about restoring marriage and responsible fatherhood.  I call on the President to launch a national conversation on how schools, government, churches, community organizations and businesses can work together to re-establish marriage in communities where it is no longer the norm," Santorum continued.

During Senator Santorum's tenure in the Senate, he received praise for his efforts to address poverty issues.   He was an author of the 1996 welfare reform legislation that moved millions from the welfare rolls to meaningful work.  He also was instrumental in helping charitable groups expand their ability to help underprivileged Americans, and he led efforts to fight global AIDS.  In 2006, David Brooks of The New York Times wrote, "For there has been at least one constant in Washington over the past 12 years: almost every time a serious piece of antipoverty legislation surfaces in Congress, Rick Santorum is there playing a leadership role."

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commented 2016-12-08 15:34:18 -0500 · Flag
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commented 2016-10-23 05:41:52 -0400 · Flag
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commented 2016-06-09 08:11:16 -0400 · Flag
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commented 2014-01-14 14:51:25 -0500 · Flag
yes I agree with RICK we need to get companys back in AMERICA and quit giving the reason to leave ,.like clion did . and just like we do here in sc we give them tax breaks . but the goverment make it better for companys to do bussiness in other country and that is not right . we have to highes taxes of any country . and that is sad . when our goverment pat othe countrys on the back and stabs AMERICAN COMPANYS in the back . and the AMERICAN PEOPLE and some just can not see that for some reason . all they see is that the goverment can do it all well no they can not it should be left up to us and we could get it done if they would just get our of the way
commented 2013-12-08 12:52:39 -0500 · Flag
Repealing the ACA only benefits Insurance carriers, and hurts Workers. Repealing Dodd-Frank punishes Workers and rewards Banks. Eliminating the Cororate income tax totally eliminates any possibility of investing in Infrastructure, something the GOP already doesn’t want to pay for. Doing so will raise taxes on the 95%. A better solution would be to stop rewarding those who ship jobs out of the U.S. and tax unearned investment income the same dollars made by blood, sweat & muscle, except for the 1st $10,000. Tax millionaire “Trust Fund Babies” who have never worked a day in their lives the same rates as workers. Why is it that pointing out that CEO’s income has risen 725% while workers pay increased 5.7%, and expecting those who benefit the most to contribute the most is “Class Warfare” or “Punishing Success”?
commented 2013-12-05 23:49:14 -0500 · Flag
Larry :)
commented 2013-12-05 23:43:53 -0500 · Flag
I’d love to see that happen! He has my vote..
commented 2013-12-05 22:35:38 -0500 · Flag
Larry, The plan will work when we take the Senate and elect Rick Santorum President.
commented 2013-12-05 22:22:11 -0500 · Flag
Obama will reject any plans that call for his affordable health care law to be repealed. I love this plan but it will never make it.
commented 2013-12-05 10:37:29 -0500 · Flag
Thank you Senator Rick Santorum for hearing the cries of working families in this country! You Sir will make an excellent President! LET THE AMERICAN REVIVAL BEGIN!!