1.) Fiscal Responsibility: Balancing the budget of the United States benefits the country as a whole, not just a selected few. This benefit manifests itself in
– Lower interest rates from less government borrowing and
– More domestic investment because government debt is not crowding out private capital.
2.) Responsible Taxation: Those who have benefitted from the policies of the US should pay their fair share of taxes to support the country as a whole. This does not mean we will tax you into oblivion. It does mean we will ask you to contribute. As a general guide, recent evidence suggests the “sweet spot” for the highest marginal tax rate is between 35-40%. Considering the rich freely use the freeway system, airports, court system, police and fire service and routinely boast about American military superiority, it is only fair they help to pay for these services.
3.) Financial markets will be honest, have integrity and provide a level playing field for all (thanks Mr. Spitzer).
4.) We will work to develop high-paying jobs. This means
– The government will work with business in a partnership to develop promising new technologies.
-Work with educators to provide the necessary skills for these jobs.
– This also means the work force must make a commitment to lifelong education.
