ECONOMY
US economy has dropped from being 40% of world trade to 25%. The reason that US manufacturing and corporations moved out of the states to avoid paying income taxes and corporate tax which increased our debts and put other countries like China to become the second with 17% of world trade and start creating threat to our national security and international stability.
What should we do?
To control our economy and bring it back to the right place we should do the following:​
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Bring our manufacturing companies back with incentives otherwise we should impose tariff on any company decide to stay abroad and try to escape paying US federal and corporate taxes. Also, this movement will help decline the unemployment rate.
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To protect our industries from foreign products, we should increase tariff on foreign products to match US economy as long their profit within acceptable range.
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US corporations playing unfair game by distributing mega bonuses to their top executives and leave little amount of money to be distributed on shareholders. Therefore, Caping income, expenses, and bonuses to top executives will restore the fair profit distribution to shareholders.
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Imposing special taxes on corporations who outsource employment from foreign countries. Taxes should be equal to same employee in US including state and federal taxes in addition to new outsourcing fees and tax.
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Close tax loopholes used by corporations and high-income people, so they must pay their fair share in taxes.
Where We Stand
Jobs (Unemployment)
Jobs are very important segment in our economy. While employees paying their fair share of taxes the decline of unemployment will reserve more funds to be used to benefit of people. We can decrease the unemployment by:
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Bringing back our manufacturing and corporation to US land.
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Encourage new businesses by giving them incentives especially when employment is involved.
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Tax cut incentive to businesses when create more jobs.
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Stop outsourcing cheaper and untaxed employment from foreign countries like India or they will pay special fees and taxes.
On other hand, we should be cautious about socialism since it has shown futile resulting on suffering in production and damaging the economy. Good examples of the failure were China and Russia. However, both countries recovered after aboding Socialism since it made people lazier and relying on government fund.
Minimum Wage
We are believing in fair wages reflecting living expenses in the region. Federal government should not get involved in wage adjustment. Wages should not rise to a level can hurt businesses or push them to hire fewer employees but to create fair income for full-time employees.
As an example, 2014 Congressional Budget Office report stated that increasing minimum wage to $10.10 would help 900,000 families get out of poverty. At the same time, it would cost 500,000 employees their jobs.
Taxes
Taxes should be affordable and one rate for all so more money you make more tax you pay. Yet, Congress should close loopholes which have been used by high-income individuals and corporations to avoid paying taxes.
Government will make enough money after implementing and executing the proposed economy plan and should not need a lot of money if they control the spending.
Budget & The Debt
Few areas we need to have decent budget for:
Education: Our education has got so bad that we fall behind many other countries. (See Education Section)
Military: Other countries begin creating threats to the US while the military is falling behind. (See Military Section)
Infrastructure: Our roads and highways are in need of serious work. Driving safety is a real concern and needs to be taken care of.
Healthcare: Healthcare is a major concern. While other countries are ahead of the US in healthcare system, yet we spend more money than what we should. However, we need to reform healthcare and then if needed to increase the budget on inform decision. (See Healthcare Section)
Other areas need cuts and modification to an acceptable level without getting ourselves into deficit.
Trade
Rejecting free trade which allows unfair practices such as currency manipulation, dumping, government subsidies of exports, punitive tariffs, etc. and supporting fair trade by using both domestic law and international Treaties and Trade Agreements to disallow practices that are generally agreed to be unfair. However, US has a right to impose tariffs designed to insure continued domestic production of goods that are critical to the constituents.