Total economic growth is the foundation on which all progress depends.
Career politicians forgot that long ago, and now our economy is stagnant.
It took a pandemic and lockdown to reveal just how badly our leaders have hollowed out the productive sectors of the U.S. economy.
They exported our manufacturing base to China, endangering both our supply chain and national security.
They weaken the dollar and threaten its global reserve currency status, which helps keep the dollar’s value much higher than it otherwise would be. If our leaders continue along this path, China may overtake us as the world’s economic superpower before 2030.
Hardest to ignore, prices of basic goods haven’t been this high in 40 years. Official government statistics paper over the true level of inflation, but any American who shops for themselves has noticed and felt the rise in prices.
Amazingly, in spite of politicians’ best efforts, the United States economy remains a symbol of opportunity and the single greatest wealth-generating machine the world has ever seen.
But how long will this last when America’s politicians do not prioritize the daily economic realities of most Americans?
America has the resources to build the greatest educational system in the world.
America has the technology to fuel our daily lives with renewable energy.
America’s middle class could be living through a new golden age.
Immediately upon entering Congress, I will introduce two bills aimed at stimulating the economy not by enriching the government but by reducing its burden on Americans:
The Veterans Economic Freedom Act will exempt all active duty and honorably discharged Veterans from federal income tax for life, ensuring financial stability for them and their families.
The American Economic Freedom Act will suspend the federal income tax on the first $182,000 of income for 5 years. This will allow millions of middle-class taxpayers to keep more of their money.