Enact the Shared Economic Growth proposal, described at www.sharedeconomicgrowth.org , to make America the best place to locate high-value operations and high-wage jobs. The 3 page bill enacts a corporate dividends paid deduction offset by eliminating special capital gains rates and imposing the equivalent of FICA taxes on persons earning over $500K. This reverses the current disincentives for U.S. investment, eliminates the preference for rich speculators over wage earners, helps middle-class savers, and gives American workers market power. It also subjects corporations to better public control. It would reduce the deficit even before considering growth effects.
The Administration's tax proposals will not stimulate US investment, but this proposal will.