SAYING THE RIGHT THINGS: Gingrich: Balance Budget by Cutting Taxes and Government.
A Newt Gingrich presidency would see sweeping tax cuts, “very serious deregulation” and stringent limits on unemployment benefits after four weeks, the outspoken conservative told CNBC. As part of a five-point plan, the former House leader said he would eliminate the National Labor Relations Board, replace the Environmental Protection Agency and repeal the national health care plan, often called ObamaCare.
He said he would cut regulations on financial institutions, including eliminating the Sarbanes-Oxley law that governs accounting practices of publicly traded companies. . . .
Gingrich’s plan involves five tenets: no tax increases in 2013; eliminating the capital gains tax; allowing companies to deduct capital expenses fully; reducing the corporate tax rate to Ireland’s rate of 12.5 percent; and abolishing the death tax.
I don’t think his candidacy is serious, but getting this stuff out there helps open up room for debate.