Bill Richardson's Plan for Jobs and the Economy
Today, Governor Bill Richardson outlined his plan for the future of American jobs and the economy on day three of his six day trip to Iowa.
You can find the text of the speech, entitled Creating a New American Century of Prosperity, here.
Here are some of the highlights of the plan:
- Fiscal Responsibility -- Ending the war in Iraq and eliminating wasteful spending at home. Governor Richardson believes that fiscal responsibility begins with getting all of our troops out of Iraq - leaving NO residual forces behind. He will repeal the Bush tax cuts for the wealthiest Americans and slash Congressional earmarks and corporate welfare. Using this money, a Richardson Administration will:
- Eliminate the Alternative Minimum Tax that squeezes the middle class;
- Establish a Rural Jobs Tax Credit for employers in less populous areas;
- Reward companies that pay workers above the prevailing wage with a tax credit; and
- Promote Green Jobs in renewable energy to help transform America into a"Clean Energy Nation."
- Technology and Innovation -- Promoting research and development and improving educational opportunities in math and science. Governor Richardson knows that America's future depends on investing in technology and education. As President, Richardson will:
- Foster investment in new technology by doubling and making permanent the Research and Experimentation Tax Credit;
- Establish a federal Angel Investor Tax Credit to promote investment in hi-tech industries;
- Develop innovation through regional Innovation Summits that unite disparate groups to spark the economy;
- Hire 100,000 new math and science teachers to increase our children's competitiveness;
- Build 250 Math, Science, and Innovation Academies by 2012 to train the next generation of American scientists, mathematicians, engineers, and teachers.
- Investing in the American Workforce -- Protecting our most valuable asset, the American people. As he did as Governor of New Mexico, President Bill Richardson will support the businesses and workers that are key to American prosperity. Richardson will:
- Index the minimum wage to inflation;
- Offer rebates to businesses for hiring economically underprivileged high school and college students;
- Bolster America's economy and infrastructure by creating incentives for green building; and
- Protect the rights of workers by defending the practice of collective bargaining and supporting the Employee Free Choice Act.
As President, Bill Richardson will bring those who aren't the richest 1% back to the table.