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2015-2016 Outline for Prosperity

Prosperity is inherent to the well-being of any society. Sustained economic growth is the single most important factor leading to the prosperity and welfare of Americans and our great nation. Creating and maintaining shared growth should therefore be foremost in the development of public policy.  National prosperity is dependent on the competitiveness of its enterprise, the productivity and innovation of its workforce, and public policies that promote the formation and wise utilization of capital, economic growth and stability.

Participation by all Americans in the process by which governing decisions are made is necessary and to be encouraged. The boundless energy of a flourishing marketplace can achieve the American ideal of inclusiveness when all sectors of economy thrive.

JOBS AND ECONOMIC GROWTH

Taxes

Sound tax policies provide stability for both individuals and commerce, grow the economy and create jobs. While required to sustain the essential functions of government, tax policies shape economic decisions and have profound, often unintended consequences on doing business in a global market. Spending measures that impeded tax cuts are a drag on all sectors of the economy.

  • Support efforts to simplify and balance a tax code that promotes savings and investments and promotes job creation
  • Enact tax provisions that spur private sector innovation and development and that encourage the formation of new businesses large and small
  • Maintain provisions in U.S. tax law that enable U.S.-based companies to remain competitive globally

Regulation

Regulatory activities are required for implementation of public policy, the protection of the public from the unscrupulous, and the establishment of a parameter which enables the conduct of responsible commerce. However, overly aggressive regulation by federal agencies inhibits the flow of investment and subsequent innovation, restricting economic expansion. Regulation should be simple and fair, as well as foster investment, innovation and economic expansion.

  • Ensure regulations reflect a cost-benefit perspective and avoid arbitrary, punitive or discriminatory actions
  • Promote workplace regulations that allow companies to move quickly to meet the demands of a rapidly changing marketplace
  • Strengthen the protection and enforcement of intellectual property rights in the United States and abroad

Talent and the Workplace

Having the right skill set is necessary for finding and holding the right job. Strong schools, workforce training programs, and balanced labor policies encourage lifelong learning and help employees become productive participants in the workplace and in the growth of business. 

  • Strengthen educational standards and hold schools accountable
  • Foster programs to recruit highly qualified teachers and reward high-performers for their achievements
  • Provide assistance to schools striving to meet higher standards
  • Support the development of science, technology, engineering and mathematics networks
  • Promote effective workforce training and programs that prepare students for professional careers
  • Protect the right of employees to cast private ballots and preserve freedom of speech protections in the workplace

Fiscal Responsibility

Every day, individuals, businesses, and state and local governments are required to make hard decisions regarding the management of their finances. Our federal government should begin to do the same. It is time for this nation to enact the spending and tax reforms necessary to stabilize our country’s debt, stimulate growth, and revive our economy.  

Health Care

America’s greatest resource is the strength and resolve of the American worker. As good health is the foundation of individual achievement, providing access to quality, affordable health care is essential to employee productivity. One-size-fits-all government mandated health programs, however, cannot reflect the diversity of American needs.

  • Ensure implementation of health care laws is transparent, cost effective and increases the quality of health care, and does not become a burden for employees and employers

TRADE AND THE GLOBAL ECONOMY

Trade

National prosperity is no longer possible without effective participation in the global marketplace. Prudent and timely policies promoting fair and open trade abroad are fundamental building blocks for innovation, expansion and job creation in all industry sectors. To that end, an expanded trade agenda is critical to achieving prosperity.

  • Open foreign markets by passing pending trade agreements, creating additional trade and investment accords and continuing presidential trade negotiating authority
  • Build international alliances and promoting fair and competitive markets worldwide
  • Provide tools and training to promote exports by small and medium sized businesses particularly in the agriculture industry
  • Modernize export controls to protect U.S. innovations
  • Enforce existing trade and compliance rules

Immigration

Our economy is dependent on the daily exchange of people and products across national borders that need to be secure. Government must do its part to assist economic sectors to facilitate access to legal and properly documented workers when an adequate local supply or skill sets are not available.

  • Improve U.S. visa and quota allowances and enact immigration reform to attract and keep talented workers
  • Immigration reform legislation should support the growth of America’s innovation economy and provide U.S. employers, research institutions, and universities access to the world’s top talent – whether they are educated in the U.S. or overseas
  • Raising the H-1B cap and increasing the number of green cards available for employment-based immigration is critical to our economic competitiveness and future job creation in the U.S.
  • Innovative start-up companies founded by foreign-born entrepreneurs have helped put America on the leading edge of the world in technology and innovation.  These companies provide quality jobs and opportunities for Americans – and are critical to our nation’s economic growth

Infrastructure

Infrastructure is the lynchpin of our daily lives and necessary for an economy to thrive – from the roads, railways, waterways, and aviation systems that move people and freight to the telecommunications structures that make communications possible.Adequate and reliable infrastructure is essential to economic growth, competitiveness and national security.

  • Promote private investment and technology creation in next generation networks
  • Ensure broadband deployment to all Americans
  • Embrace a multimodal and intermodal vision that increases capacity, reduces congestion and decreases vulnerability to terrorism

Energy and Environment

Powering America’s future while maintaining and preserving natural resources will require increased efficiency, strong infrastructure, and an “all of the above” energy mix, including oil, gas, coal, nuclear, and renewable energy.

  • Strengthen and protect energy transmission infrastructure systems
  • Promote development of all American energy sources, including oil, gas, coal and renewable, while maintaining and preserving natural resources
  • Encourage innovation and the private creation of renewable fuel sources and industries
  • Foster U.S. companies’ leadership in developing and exporting energy technology

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