Economy and Jobs
Government does not create jobs. The American people create jobs. When supported with a balanced budget, smaller government, and much needed tax reform (corporate and capital gains), the power of the American entrepreneur is released allowing the market to do what it does best – create jobs and grow the economy.
That is why we need to remove the obstacles to job creation that result from the misguided and onerous regulations imposed by Congress and the Democratic administration. We do not need more expensive programs and bureaucracies. Laws like Sarbanes-Oxley and Dodd-Frank should be repealed. Such overreaching legislation has done nothing to prevent financial crisis or fraud and instead it imposes significant financial compliance burdens on companies taking money that would otherwise be spent on job creating activities.
There is no question that too much regulation is holding companies back from making new investments in America – investments and jobs that we need today. I want to ensure that we preserve the amazing Silicon Valley job creation machine by ridding it of the anchors of large, ineffective government.
Your family lives within a budget – the government should live within one too. At the pace the Country is borrowing, interest payments alone will be One Billion Dollars per day within 2 years, and Two Billion Dollars per day within 10 years. That is unsustainable! We need to establish a balanced budget and live within our means so that we are making our own spending decisions rather than having our spending dictated by those that lend us money. The House Democrats have just introduced a new budget proposal that adds Six Trillion Dollars to the national debt over the next 10 years. This is just wrong and apparently my Democratic opponent supports the plan. How is that responsible governance?
Taxes and Spending
Washington doesn’t have a revenue problem – it has a spending problem. At a time of severe economic downturn, job losses and high unemployment, high gas and food prices and government spending at record levels, the last thing that Americans need is more and increased taxes. Republicans in Congress and thoughtful public policy proponents have put forth alternatives to the Democrats’ tax and spend habits that are measured and can reduce taxes while continuing to provide the necessary social services to those who need them most, balance the budget and reduce the deficit.
America now has the highest tax rate in the industrialized world (higher than Communist China’s tax rate!). That kills American jobs, stifles foreign investment in this Country, and puts American companies at a competitive disadvantage in the global economy. Such job killing taxes must be addressed.
There is no reason that the federal government shouldn’t (or can’t) live within its means just like the rest of America’s families must do. It is a national disgrace, and, frankly, immoral, that our children and grandchildren will be burdened with an oppressive debt which currently stands at almost Sixteen Trillion Dollars, and which is projected to grow by at least another Six Trillion Dollars in ten years at current levels of government growth. Taking into account all of the unfunded liabilities for the empty promises made by the Democrats (and sadly by Republicans too), that figure stands at an unfathomable Sixty Trillion Dollars.
That is simply unsustainable, it is wrong, and we have no choice but to stop the growth of federal spending now or our children will deal with the disastrous consequences.
I am a product of public schools. My mother, sister and mother-in-law are all public school teachers. My children attend public schools. I am a firm believer that the continued growth of American jobs and prosperity, particularly in a knowledge-based, inter-connected, globally competitive world will be determined by the education our children receive.
Spending on education is one of the best investments to insure continued opportunities for the generations to come. I am committed to improving education by empowering parents, who are in the best position to make educational choices for their children. By shrinking the federal Department of Education and returning power to the states, communities and parents, we can reduce costs and provide a first class education for all children. Let’s start supporting our children and stop supporting the bureaucrats. This includes strong support for home schooling, private schools and charter schools, a well as public schools.
ObamaCare must be repealed. The way to provide affordable access to the best health care system in the world is by providing targeted, market-driven, patient-centered solutions. Although legitimate health care system issues exists in America (high costs, large numbers without insurance), imposing on Americans a system with a job destroying bureaucracy, additional taxes, unconstitutional mandates and heavy handed government decision making (not to mention crony capitalism at its best with exemptions given to friends of those in high places) is not the way to make our healthcare system more efficient, increase quality, or decrease costs.
It is undisputed that ObamaCare will cost Americans trillions of dollars. In fact, the non-partisan Congressional Budget Office has released its most current estimate indicating that ObamaCare will cost at least another Two Trillion Dollars. Instead, we should alter current public policies that fail to promote the proper functioning of the markets and replace them with patient driven, market based alternatives such as health savings accounts, reduced costs through competition, permitting purchase of health insurance across state lines, and medical liability reform, among others. Meaningful reforms to Medicare and Medicaid must be made to strengthen these programs in the near term and ensure continued coverage for senior citizens in the future.
Innovation and Technology
We are fortunate to live in Silicon Valley, home of the greatest engine of scientific and technical innovation, job and wealth creation, new company generation, and the development of new never before imagined entire industries.
This was accomplished with the talent, genius, imagination, perseverance, inspiration, perspiration and risk taking of tens of thousands of men and women following their dreams and their pursuit of happiness, without the government setting quotas for the type of research it thought best. The federal government supports Solyndra – private enterprise supports Apple, Google, Facebook, LinkedIn, and Intel.
As a former research scientist and as an entrepreneur who started a humanitarian tech company, I am committed to keeping America at the cutting edge of science, technology, innovation and invention.
What is needed to foster innovation in Silicon Valley and the rest of America is not more government regulation or directives, but rather a freeing of the marketplace to do what it does best – job creation and innovation. We can unleash the productive energies of the market by reforming corporate tax policy, increasing the Research & Development Tax Credit, and appropriately reducing burdensome regulations so that Silicon Valley continues to lead the world in innovation.