No-Cost Measures That Create Long-Term Job Growth

Heritage Foundation

If deficit spending were the path to real-world economic growth, then the Greek economy would be booming. It’s not. There is an alternative. There are some no-cost measures our federal government could take that could create the space for American entrepreneurship and private investment, resulting in real long-term job growth. Heritage fellow James Sherk identifies eight such measures, including:
Freezing all proposed tax hikes and costly regulations at least until unemployment falls below 7 percent;
Freezing spending and rescinding unspent stimulus funds;
Reforming regulations to reduce unnecessary business costs, such as repealing Section 404 of the Sarbanes-Oxley Act;
Reforming the tort system to lower costs and uncertainty facing businesses;
Removing barriers to domestic energy production;
Suspending the job-killing Davis-Bacon Act (DBA);
Passing pending free-trade agreements with South Korea, Colombia and Panama; and
Reducing taxes on companies’ foreign earnings if they bring those earnings home.

To read the entire article click on http://blog.heritage.org/2010/02/19/morning-bell-a-no-cost-stimulus-that-can-create-real-jobs-for-the-american-people/