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Former Virginia Governor George Allen discusses his plans to save the economy by cutting taxes and spending.
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Former governor George Allen of Virginia now -- for US senate seat is serving up an ambitious economic blueprint for recovery he's looking to restore American prosperity.
That calls for tax.
Cuts let's get more from the man himself former senator and governor George LL welcome sir so your plan let's here it's.
Well our plan is is is really a plan of action for America's come back and its -- several aspects of a number one.
Is let's not make sure that we're more conducive for job creators and more competitive -- jobs created our country.
Secondly unleash our American energy resources.
At thirdly rein in the federal government.
The name -- -- shows perfect follow the money well guess where the money's not going it's not coming into the United States.
Would it make sense -- sent job creators whether those small medium and large sized businesses to hire more people of course it would.
Well one and senate that would make a lot of sense -- not have the second highest tax in the world on job creators.
At 35%.
I say.
Let's not have -- the international average of 25%.
Let's be better than the rest of the world where America at 20% and that.
Would create over 500000.
New jobs a year that's five million new jobs in the next ten years and I don't know making our country to tax laws more advantageous.
Messed up -- at their the second had put out of -- and it's it's getting a lot of attention and now Washington.
To repatriate all the three of the two or three trillion dollars that are sitting corporate coffers overseas bring it back tax free.
But take 25% of that money in music your market escrow it.
For new new hires and a buying American made capital investment equipment for business if you what do you think that's our -- do you like this other it.
Would you sign of that.
Eric I think what you're trying to do is very similar I think it's really worthy of consideration of -- a part of is to go to territorial.
System of taxation that would level the playing field.
And then more of the money that is sitting on the sidelines or outside of our country would come back yet.
I also like one aspect of yours as well and that is tying it to capital investment in the United States and hiring Americans for jobs of I think that's a good idea and it's very similar to what I'm advocating because we just can't keep losing jobs and having.
Really our government our federal government between its tax and its regulatory policies putting American workers at a disadvantage we wanted to have.
Our policies putting Americans at an advantage in competing around the world.
Governor before -- -- out -- -- -- very quickly your competitor to McCain.
Former DNC chair.
His plan is little different -- is -- not.
Well -- -- it doesn't have a plan -- he does have a record of supporting tax increases advocating tax increases which are.
Obviously job killers.
He has been not on the side of unleashing America's energy resources he's been on the side of allowing these unelected bureaucrats and EPA from regulating CO2.
Which would cause skyrocketing electricity fuel and food taxes and in fact.
In -- -- economic unilateral disarmament to impose that burden on American families.
That's you know -- and then on the other the other thing on regulators besides EPA.
We now have this National Labor Relations Board that is attacking a company that wants to locate Boeing.
Facility in a right to work state of South Carolina.
Right -- where we're sitting down slightly worse that we've been moving in on the -- so we can America can't covering the paneling and the -- -- that enemy but -- the second of course I've.
