Rick Santorum's Jobs Plan
Rick Santorum recently announced his plan to create jobs, entitled "The Courage to Fight for American Jobs". His plan is a combination of tax reform, regulatory overhaul, cutting government spending, and creating a reliable stream of capital and credit. Specific to manufacturing, Santorum supports reducing the tax rate to 0% for manufacturers:
Manufacturing has epitomized the loss of American jobs and innovation over the past several decades, and by reinvigorating this crucial sector of our economy the multiplier effect on our entire economy will spur on economic and job growth not seen in three decades.
Santorum also supports innovation by reforming “the tax code's treatment of the research and development of new and promising discoveries.”