America needs real economic growth of 4% per year—or greater. We achieved this in the 1990’s and we can do it again. A boost of this kind would close our budget deficit and our national debt would start to decline to 1990’s figures.
To supercharge growth, we need reform in two main areas: the Federal Reserve and tax policy.
The Federal Reserve has caused a lot of damage to the American economy since it was first created.
The biggest problem is that the Fed has failed to stabilize the value of the dollar. The result has been a boom-bust cycle that has limited growth, jobs and wages.
Despite some progress since 2016, today’s real unemployment rate is 10%, not 3.6%. America needs 10 million more jobs. To achieve this, the Fed must stop its meddling, stabilize the dollar at a non-deflationary level (in terms of commodity prices) and let businesses operate.
Recent Republican measures marked a good start for tax reform, but we need a simpler, more equitable tax system to ensure the economy grows at 4% or higher.
To achieve this, we need a second round of tax cuts. In the Senate, I will fight to:
In the fight for liberty and freedom, every effort counts. Thank you for your support.
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Linwood, NJ 08221