“I am part of what I call New Wave Republicanism. New Wave Republicans believe that the free market is the only thing that will accomplish upward mobility and promote the general welfare. We are not pro-business. We are pro-market. There is a big difference. We are for small government, not big government.
We like big business and small business, but we want a level playing field for all businesses, and not over-regulation by politicians. And most of all, we don’t allow hand-outs of taxpayer money to private businesses, no matter what poltical party they donate to.
New Wave Republicanism is about repealing laws that kill jobs.
There are three great job killers.
One is excessive regulation: too many rules, regulations, and threatening circumstances—-all created by politicians trying to get votes or donations—-that inhibit people from forming businesses and making them prosperous.
The second is high taxes. High taxes not only make it impossible for businesses to succeed and hire more people. Even worse, high taxes prevent the customer base—-of every business—-from having enough money to buy the products and services that are offered by the company.
All businessmen should think about this the next time they want a government program for one thing or another. The money for these programs is coming straight out of your customers’ wallets, which means right off your bottom line, preventing you from making a profit and hiring more employees. Instead of creating more jobs for private businesses, it creates more jobs in government, controlled by politicians.
Let me emphasize that: The major reason why high taxes are bad for economic growth is that high taxes take money from the people and flow it to politicians, instead of to private commerce, where it would raise the standard of living and create new jobs.
The New Wave of Republicans are against high taxes and more government spending for this reason.
The third great job killer is what some call “corporate welfare,” and I call “forced taxpayer investment.” This is where politicians take tax money and just straight away give it to private individuals and private businesses. The Formula One racetrack scheme is an example of this.
There are many more—-too many more—-examples in Texas. This is a waste of taxpayer money. And it distorts the market for investing, allowing businesses that might fail to have an extra chance to succeed, that other businesses, who did not get the tax money, must do without.
New Wave Republicans fight all three of these job killers in order to promote economic prosperity.
My plan is to advance legislation to this end.”
The above is from a press release issued on Oct. 26, 2010