While the economy is in a healthy state, I want to adopt more concrete measures to reduce the present unemployment figures. I plan to create jobs in less developed areas by bringing in investments at the local level. Special incentives will be made available to entrepreneurs willing to invest in such areas. Working toward better university - industry relations will make for better employment opportunities for graduates. This will also result in enhanced research funding grants to sustain high levels of education. Retraining programs for experienced employees will be inculcated to maintain and enhance existing skills. I also propose to enact a legislation to raise minimum wages.
In order to lessen the burden on the student community, no taxes will be imposed on full-time undergraduate students. Tax breaks for families with low and middle incomes will be announced. With the growing importance of a global economy, I intend to encourage export-oriented units by having a special tax rate for such businesses. Tax loopholes that benefit the wealthy will be reviewed. A commission will be set up to look into misuse and abuse of Social Security tax. I also propose to maintain the newly enacted tax-free child education and retirement accounts.
I propose to pass a bill that will consolidate our technological
strength in the global marketplace. A national infrastructure project will
be set up to create more jobs. Measures will be taken that will ensure strict
reprisals against industries/corporations involved with either child labor
or illegal immigrants. A committee to look into the activities of large
corporations that violate the anti-trust law will be set up. Vigilance will
be increased to bring to book those individuals/companies guilty of illegal
trade like drugs. Intellectual property rights like copyrights and patents
will be protected in this digital era. I am also a strong support of NAFTA
and other free trade agreements.
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