OPEN LETTER TO MITT ROMNEY
Dear Governor Romney:
Critics claim, perhaps with good reason, that you have yet to connect with the American voter in a meaningful way, a way necessary to cause them to vote for you rather than simply against President Obama. Your campaign rightly centers on the dire economic condition President Obama has created for this nation: his profligate spending placing the national debt over $15.5 trillion and the deficit over $1.3 trillion. You have promised to cut federal spending, reduce federal taxes, and liberate the market from constrictive regulation. May I suggest a method by which you could meaningfully connect with voters nationwide, convey your key economic message in a profound way, establish a favorable contrast with President Obama, and inspire tens of millions of Americans to vote for you with zeal rather than simply against President Obama?
The concept is a new federal Enterprise Zone initiative. You could identify fifteen locations in the United States hardest hit by the financial crisis and left unaided by the Obama Administration over the last four years. You could then propose to label these areas federal Enterprise Zones. Under legislation you would promise to introduce your first day in office, each of these areas declared federal Enteprise Zones would be entitled to extraordinary tax relief designed to maximize economic development.
First, any business located in an area designated an Enterprise Zone that employs people resident there and any that would relocate to such an area and would employ people resident there would receive a 50% reduction in federal corporate tax or, if a sole proprietorship or other pass-through entity, a 50% reduction in individual federal income tax.
Second, all federal regulations that would impose on any business a burden requiring an expenditure in a single year of $10,000 or more would be banned in the Enterprise Zone area.
Third, states and localities that will support the federal initiative by cutting taxes by 50% on corporations and on sole proprietorships and other pass-through entities in the Enterprise Zone area would be liberated from the need to comply with any unfunded federal mandate. Fourth, individuals and entities from anywhere in the United States that contributed money to relief funds established in the Enterprise Zones at hospitals, physicians offices, and private charities in aid of the indigent would receive a $1.50 reduction in federal tax for every $1.00 contributed. Those funds would have to be expended solely for the purpose of providing low interest loans for new business start-ups that employed people resident in the Enterprise Zone and subsidizing the cost of medical care, food, and lodging directly to providers, for the benefit of those who are indigent and who reside within the Enterprise Zone area.
The aim of this federal Enterprise Zone legislation would be to prove the ability of enterprise shorn of onerous tax and regulatory burdens to create self-sustaining economic growth and transformation. The success of the zones could be contrasted with the costly failure of the planned economies advocated by the President.
By traveling to each of the fifteen locations where Enterprise Zones could be created, and by contrasting the Obama Administration’s centralized top down government planning approach with this alternative decentralized bottom up free enterprise approach, you would prove your commitment to the American dream and give people now complacent a definite reason to place faith in you. For those now bereft of hope, the Enterprise Zone initiative will give them new hope and a reason to elect you over President Obama.
Obama campaigns on a literally bankrupt idea: that government, by nature a parasite, can suck the life’s blood out of the economy and redirect those funds from those whose supply of goods satisfy consumer demand to those the government would like to declare winners in the market (those who promise to create the government planned future). As you know, and as you have so often stated, that paternalistic approach has failed wherever it has been tried.
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The public does not embrace government planned economies but does question your commitment to end those economies. Moreover, in a society so heavily dependent on federal welfare, there is fear that if required to be self-reliant, there will be unbearable hardship. By adopting this Enterprise Zone approach, you can demonstrate in specific depressed locations nationwide that if Americans are freed of the cost and regulatory burden of the federal government, they can not only survive, but they can prosper. You can also show that if the federal welfare bureaucracy is dismantled and replaced with private welfare initiatives supported by favorable tax policy, the needs of the indigent can be met more effectively and efficiently. I therefore urge you to adopt this approach and make it one of the centerpieces in your general election campaign against President Obama.
Jonathan W. Emord
© 2012 Jonathan W. Emord - All Rights Reserved