Saturday, October 25th, 2014

Promises about Economy on The Obameter

Create a Secretary of Business and consolidate nine goverment agencies on business into one

"I’ve said that I want to consolidate a whole bunch of government agencies. We should have one secretary of business, instead of nine different departments that are dealing with things like getting loans to SBA [the Small Business Administration] or helping companies with exports. There should be a one-stop shop. Now, the reason we haven’t done that is not because of some big ideological difference. It has to do with Congress talking a good game about wanting to streamline government, but being very protective about not giving up their jurisdiction over various pieces of government."

Create 1 million new manufacturing jobs by the end of 2016

"President Obama set a goal to create 1 million new manufacturing jobs by the end of 2016 and is working to double American exports over the next five years by promoting U.S. goods and removing trade barriers, expanding access to credit, and promoting strong growth."

Overhaul the corporate tax code and reduce the rate for manufacturing companies

"Reforming the corporate tax code to bring down tax rates on domestic manufacturers by nearly a quarter -- while closing tax preferences and loopholes to pay for it."

End tax deductions for companies that offshore

"Ending tax deductions for companies shipping jobs overseas, and using the saving to create a new tax credit for companies that bring jobs home."

Create a new tax credit for companies that bring jobs to the United States from overseas

"Ending tax deductions for companies shipping jobs overseas, and using the saving to create a new tax credit for companies that bring jobs home."

Create a veterans job corps

"I want to create a veterans job corps, so we can put our returning heroes back to work as cops and firefighters in communities that need them."