Economic Freedom Act

Economic Liberty for America

The American economy lost over 7 million jobs, and the American people are more than 4 trillion dollars deeper in debt today because the tax-and-spenders in Washington, D.C. failed to heed President Reagan’s words:

“Government is not the solution to our problem.
Government is the problem.”

Congressman Jordan (R-OH) and Congressman Jason Chaffetz (R-UT), in conjunction with the Republican Study Committee, have introduced H.R. 5029, the Economic Freedom Act, a plan to unleash the power of America’s private sector economy.

The Economic Freedom Act would terminate the TARP and repeal the remaining stimulus, replacing them with a real stimulus plan to create jobs by:

Reducing The Payroll Tax by Half for 2010
Providing immediate stimulus by increasing workers’ paychecks and improving the bottom line for employers

Eliminating The Individual and Corporate Capital Gains Taxes
Encouraging the risk-taking and investment that is at the heart of the entrepreneurial spirit

Reducing the Corporate Tax Rate to 12.5%
Improving America’s competitiveness in the global market and providing incentives for expansion and job creation

Permanently Eliminating the Death Tax
Ensuring that small businesses and family farms, the engine of our economy, will continue creating jobs for future generations

Providing Immediate Business Expensing
Encouraging long-term reinvestment in business, increasing competitiveness and creating jobs

For more information, visit: