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Year 1 will be tax reform. First, I'll jigger rates.
If you make between $500,000 and $1,500,000, there is a flat 30% tax on your income. No deductions except for charitable contributions, but you may only deduct enough of those to get you down to $500,000. Between $1,500,001 and $3,000,000 is taxed at a flat 35% (charitable contributions can take you down to $1,500,001) and above $3,000,001 there is a flat 40% tax, with charity allowed to take you down to $3,000,001. I will also allow rich people to deduct state income tax, but only down to the bottom of their bracket. We will use the revenue from this tax increase to abolish taxes on everyone else's first $25,000 of income. Then we can use a progressive scale to determine your tax liability from there.
I'm also going to fiddle with corporate tax. All corporations doing business in the United States will pay taxes on their sales in the United States. Any corporation whose headquarters is outside of the United States will have to prove that it conducts non-financial operations in the country that it is chartered in to be considered "properly chartered." Any corporation that engages in the practice of manufacturing will be required to show that it conducts manufacturing operations in the country it is chartered in to be considered "properly chartered."
Three examples follow: Hyundai is a corporation chartered in Korea. Its headquarters are in Seoul, the national capital of the Republic of Korea. It is a manufacturing conglomerate engaged in the production of consumer and industrial goods. Its manufacturing operations are all based in Korea; its United States operations are limited to receiving, distribution and sales. Hyundai is properly chartered.
The Stanley Works is a corporation chartered in a Caribbean nation. Its headquarters are in the United States. It is a manufacturing conglomerate engaged in the production of building materials, millwork, construction hardware and hand tools. Its manufacturing operations are based in a number of countries, to include the United States, Great Britain, Israel and China. It produces nothing in the Caribbean. Stanley is not properly chartered.
Levi Strauss is a corporation chartered in the United States. Its headquarters are in the United States. It is a manufacturing conglomerate engaged in the production of articles of clothing. Its production facilities are all based outside the United States; its current United States operation is focused strictly on warehousing and distribution. Levi Strauss is not properly chartered.
Only properly-chartered corporations may deduct business expenses from their taxes.
Year 2 will be used to reform the healthcare system. Malpractice suits are getting out of control. We will solve this problem by creating a Malpractice Review Board. Every medical school professor in the United States will sit on this board. Each malpractice case will be reviewed by three of these doctors, who will be chosen at random based on specialty--a thoracic surgeon will not be asked to review a neurological case. Further, no doctor who teaches at a school that the defendant attended, or has ever instructed the defendant, will be called to evaluate a defendant's case. If these three doctors agree by majority vote that the case is actionable it can go to trial. If a defendant loses three cases, he loses his medical license. This will stop the bullshit cases like "he cut off his penis with a sawzall then waited until the wound smelled really, really bad and his whole body had turned green before he presented for treatment, the doctor put him on antibiotics, the guy died anyway and now his wife is pissed that the doctor didn't save his life." It will not prevent good cases.
I will also institute some sort of basic healthcare package for everyone. I figure that if we can cut down the hospitals writing indigent care--which seems to always be conducted in the emergency room, which is the most expensive care you can possibly get--off their taxes, we can pay for it without raising taxes more than a percent--if we have to raise taxes at all.
Year 3 is for energy efficiency and construction, and I will focus on home energy use. As your president, I will ban the sale of "clear insulated glass" windows that have no heat-reflective coating or noble-gas filling between the panes. The minimum window that will be allowed to be sold will be a "Low E" window, and "Low E Argon" windows will be highly encouraged. I will do my utmost to encourage the installation of "triple glazed" windows--those with two argon pockets separated by a centered sheet of glass. I will ban 2x4 studs in outside walls on the grounds that you can put R-19 insulation in a 2x6 wall, and that will save huge amounts of energy. And finally, we will use all means, to include tax write-offs for conversion of mills, to eliminate formaldehyde from American-made building products and to encourage users to transition to these products.
Year 4 will be for education reform. The No Child Left Behind act will be abolished and replaced by standards of progress set by educators, not by the president's brother who just happens to sell educational software. I will also develop a three-track strategy for educating students for the real world. Right now, our whole educational system assumes everyone is going to go to a four-year university. We also need a system for people who are going to two-year institutions and one for people who intend to go right to work after they graduate from high school. Example: backhoe drivers. Backhoe drivers make a LOT of money. But to get a job as a backhoe driver, one needs a backhoe driver's license and one cannot get this without a stint at a community college. It wouldn't be hard to teach backhoe driving in high school.
I will also get rid of "abstinence only" sex education, because only teaching someone how to say no ignores the simple reality that, one of these days, you are going to say yes--and if experience is any guide, a guy who's never been taught how to apply a condom is going to unroll it and put it on like a sock.
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