George Allen has presented his "Blueprint for America's Comeback," an integral piece of his bid to win back the U.S. Senate seat he lost in 2006. But not without sharp criticism from opponents on the left and the right.
At an event Tuesday in downtown Richmond, Allen revealed his plan to a small crowd gathered outside the offices of Transfield Services North America, a road maintenance firm that maintains sections of Virginiahighways under a private-public partnership forged under then-Governor Allen.
At the core of the "pro-growth plan of action," as Allen called it, is a proposal to reduce the U.S. corporate tax rate from 35 percent to 20 percent.
"We want to declare that America is open for business," Allen said. "The international average is 25 percent. I want America to be better than average."
Allen's proposed rate is 5 percentage points below the tax rate offered in House Budget Chairman Paul Ryan's plan.
1 comment:
What a unique idea from a Republican. Cut taxes for corporations and the "job creators."
I wonder if that will catch on with the rest of the party.
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