Capital formation is the engine that stimulates economic activity. The following ideas support this principle.
First, reduce the capital gains tax rate on individuals to 10% from 15%; 25% on corporations from 35%.
Unless consumers and business have capital to invest, employment will never increase.
Americans are scared today to spend. The unstable tax environment restricts business ability to make long-term decisions.
Second, bring back the deductability of interest on purchase of cars, trucks, boats, RVs and most other durable goods.
In the past, a person bought a car, then transferred that loan to his line of credit on his home, only to write off the interest. This practice as been reduced.