An Alternative Stimulus for the Economy

We’ve certainly talked a lot about how the economic stimulus program failied (click here, here, and here for more recent commentary), so here is what some conservatives are proposing as a true economic stimulus, courtesy of The Heritage Foundation:

● Freezing all proposed tax hikes and costly regulations at least until unemployment falls below 7 percent;

● Freezing spending and rescinding unspent stimulus funds;

● Reforming regulations to reduce unnecessary business costs, such as repealing Section 404 of the Sarbanes-Oxley Act;

● Reforming the tort system to lower costs and uncertainty facing businesses;

● Removing barriers to domestic energy production;

● Suspending the job-killing Davis-Bacon Act (DBA);

● Passing pending free-trade agreements with South Korea, Colombia and Panama; and

● Reducing taxes on companies’ foreign earnings if they bring those earnings home.

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