Former House speaker Newt Gingrich has released his plans for a brand new “Contract with America,” revamping his 1994 contract to deal with the “bigger problems” and “elitist institutions” of the 21st century. Gingrich’s new plan, which will not be completed until Sept. 27, 2012, has sorted his legislative proposals into 10 categories:
-Repealing Obama’s health care law
-Returning to robust job creation
-Unleashing America’s full energy production potential
-Saving Medicare and Social Security
-Balancing the federal budget
-Controlling the border by January 1, 2014
-Revitalizing our national security system
-Maximizing the speed and impact of medical breakthroughs
-Restoring the proper role of the judicial branch
-Enforcing the tenth amendment.
The contract includes a “Jobs and Prosperity Plan” built upon four major tax cuts: reduce the Corporate Tax rate to 12.5 percent, abolish the capital gains tax, abolish estate tax, and allowing companies to expense 100 percent of new equipment in one year. He also intends to repeal Dodd-Frank legislation, Sarbanes-Oxley laws, and restructure the National Labor Relations Board.
On Social Security, Gingrich plans to develop alternative options for younger generations, while continuing traditional payment plans. “As more Americans live longer and healthier lives, strengthening Social Security also means creating new options for younger Americans,” Gingrich writes. “We must therefore consider a voluntary option for younger Americans to put a portion of their Social Security contributions into personal Social Security savings accounts.”
Gingrich’s border control plan would involve moving resources from the capital to meet his date of full control by January 1, 2014. “If necessary, we would move one-half of the 23,000 Washington-area Department of Homeland Security bureaucrats to the Texas, New Mexico, and Arizona borders,” Gingrich states. He also plans to establish English as the official language of government.
Gingrich has added a section on his website for supporters to submit their ideas for “First Day” legislation orders to be signed on inauguration day.
“On the very first day a new president can begin to shift the focus and effectiveness of government by issuing Executive Orders,” Gingrich’s website states. ” While the president cannot unilaterally change the law, in some cases he or she can dramatically interpret its execution and shift its effect… To harness the wisdom and knowledge of the American people, Newt is now collecting ideas for executive orders that he would sign on the first day. Newt.org will periodically release user submitted executive orders which will be added to the list he will sign on the first day of his presidency. ”
“The 21st Century Contract with America is so large and covers so many changes necessary to get America back on the right track that it can’t possibly be developed by a small group,” Gingrich writes on his website. “Instead, it will be developed with the help and support of the American people.”