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Stimulate economy by overhauling our infrastructure

We need to stimulate the economy by creating jobs that come from overhauling our infrastructure (highways, bridges, terminals, railways, etc.). We must also cut personal taxes to zero for incomes up to $100,000/yr, and then, 6% for amounts over that amount. Business taxes would be scaled back to 15% right across the board. Along with what I call the American Prosperity Tax on Wall Street, which will be an excise tax on every trade of stocks, bonds, currencies, commodities, swaps, and their derivatives, and the 50% cut on military spending, we should have a balanced budget within five years.

I am also for 0% interest mortgage loans for the first five years, and 0% student loans with the provision of decreasing up to 50% of the amount owed, if the loan is prepaid early. Once we are in surplus territory, I would want to re-introduce Glass-Steagall to put an end to casino-banking.

Source: Email interview on 2016 presidential race by OnTheIssues.org , Jan 21, 2016

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Page last updated: Aug 18, 2016