As voters flock to the polls in New Hampshire, former Utah Gov. Jon Huntsman is hoping for a strong finish to keep his long-shot presidential campaign alive. Few people believe Mitt Romney can be beaten in New Hampshire, but Huntsman would love to upset Ron Paul for second place.
Here is an overview of Huntsman's economic plan. For a comprehensive look at his platform, click here.
Huntsman on job creation:
- Repeal Obamacare, the Dodd-Frank financial regulatory bill, and various Environmental Protection Agency regulations.
- Streamline FDA and patent approval processes.
- Expand free-trade policies.
- Authorize energy projects in Alaska, Canada and the Gulf of Mexico.
- Privatize Fannie Mae and Freddie Mac to let the housing market settle.
Huntsman on taxes:
- Simplify tax system to three brackets: 8 percent, 14 percent and 23 percent.
- Reduce corporate income tax rate from 35 percent to 25 percent.
- Eliminate taxes on capital gains and dividends.
- Eliminate all tax deductions and credits.
- Switch to a territorial tax system in which multinational corporations only pay taxes on income earned in the United States.
- Allow a tax holiday for multinational corporations to repatriate overseas income tax-free.
Huntsman on entitlements:
- Raise the eligibility age for Social Security and Medicare.
- Change the formula by which Social Security cost-of-living adjustments are calculated.
- Reduce entitlement benefits for high-income recipients.
- Has said he would have supported U.S. Rep. Paul Ryan's plan to privatize Medicare.
Huntsman on health care:
- Repeal the 2010 health care reform law and let states set their own policies.
- Streamline the FDA approval process to reduce costs for pharmaceutical and biotechnology companies.
- Eliminate all tax credits and deductions, including exemption for employer-sponsored health insurance.
- As governor of Utah, created state exchange for individuals and small businesses to buy private insurance plans.