The Wall Street Journal has a glowing editorial on Jon Huntsman’s jobs plan this morning:
Republican Presidential candidate and former Utah Governor Jon Huntsman is lagging in the polls, but the economic agenda he rolled out this week may start getting him more attention. And deservedly so.
The heart of the plan lowers all tax rates on individuals and businesses. Mr. Huntsman would create three personal income tax rates—8%, 14% and 23%—and pay for this in a “revenue-neutral” way by eliminating “all deductions and credits.” This tracks with the proposals of the bipartisan Bowles-Simpson commission and others for a flatter, more efficient tax system. …
Mr. Huntsman’s proposal is as impressive as any to date in the GOP Presidential field, and certainly better than what we’ve seen from the front-runners. Perhaps Mr. Huntsman should be asked to give the Republican response to the President’s jobs speech next week. The two views of what makes an economy grow could not be more different.
Full editorial here.
