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WIL CARDONS VISION FOR ARIZONA AND AMERICA

Over the past few months, Ive heard it time and again that each Arizonan simply wants a chance a chance to have a decent job, to work hard, to create opportunities for their kids and loved ones and to contribute to fixing what ails our state. To me, those chances will come once freedom rings, and government gets out of the way. In 1985, President Reagan said, We in government should learn to look at our country through the eyes of the entrepreneur, seeing possibilities where others see only problems. Im a political outsider, a consistent conservative, a businessman, a jobs creator, and I am running to be the next United States Senator from Arizona because I believe my skills are what are needed to take our country in a new direction. We can rise above this economic malaise caused by President Obama and Members of Congress who have never been in the private sector. Imagine leadership based on proven business skills with a laser-focus on creating jobs, lowering taxes and growing the economy. We can take Washington back and restore leadership that isnt born out of insiders and politics but comes from citizen government and public servants who are not in it for their own personal benefit. Imagine a true outsider, a Senator committed to restoring Arizona to greatness and restoring your trust in Congress. We can do something and send a message that we will not stand for career politicians who change their minds, not based on core values and principles but on what they believe based on the office they are running for. Imagine an Arizona Senator willing to fight for the needs of Arizona and be consistent in his values - a Senator whose core principles demand that our border be secured and our laws be respected and enforced. I have a vision of a leader and Senator who is of Arizona and has Arizonas values bred deep inside. I am someone who believes in planting trees the shade of which they may never see; someone who leaves things better than they find them. Imagine a Senator who is beholden to no one except you and your family, to whats best for Arizona instead of what is best for them. We need to institute these principles in Washington so we can right our fiscal ship, create jobs and restore America to greatness.

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Using Proven Free Market Business Principles to Boost Our Nations Economy and Create Jobs
Wils strategy will unleash private sector growth, create jobs and encourage investment in our economy by using proven business principles. By tackling Washingtons addiction to spending and reforming the overly complex tax code, Wils strategy will provide every American business and individual an opportunity to succeed in the global economy.

RESTORE CONFIDENCE IN THE AMERICAN ECONOMY BY ADDRESSING THE DEBT

Wils strategy will put the federal government back in the black like any other small business would have to do to stay afloat by: Passing a Constitutional amendment that requires a balanced federal budget. Establishing a legislative requirement that unless Congress passes a budget, their paychecks must be applied to pay down the national debt. Eliminating the billions of dollars of government waste, fraud and abuse. The Government Accountability Office recently released a report that outlines 51 new areas of duplication, overlap and fragmentation that it has identified across government programs. This type of waste and duplication costs taxpayers $100 billion per year. GAO estimates that we could save tens of billions of dollars each year by making improvements in these areas. Cutting and/or freezing federal salaries until they are equal to private sector equivalents. The average federal civilian employee received a salary of $81,258 in 2009, according to this analysis, which is 61 percent higher than that years average private sector employee salary of $50,462. Aligning federal pay with the market rate would be a simple and fair move, the report states, which would have saved taxpayers nearly $47 billion. Strengthen and reform entitlement programs such as Social Security and Medicare. We must preserve these programs so they remain sustainable for future generations. Entitlements make up 60% of our national budget, and their growth is untenable. Without reform today, Social Security and Medicare will bankrupt our country. On the current trajectory, future generations will not have Social Security to rely on despite having paid in during their working lives. Based on Medicares current trajectory, Medicare will be bankrupt by 2024. Americans would then be forced to either endure a massive tax hike or an immediate 17%
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reduction in government expenditures over 75 years. We need to reform these programs now in order to save them for future generations.

GET THE GOVERNMENT OFF THE BACKS OF SMALL BUSINESSES

Wils strategy will ensure that the interests of American job creators are represented in Washington, instead of the auto-pilot regulations proposed by Washington bureaucrats by: Repealing Obamacare to lower health care costs for individuals and small businesses and to create jobs. Banning and voting against earmarks. Eliminating EPA regulations that are crushing domestic energy production which will spur job growth. Ensuring accountability of the federal government by requiring all federal agencies and programs be renewed by each new Congress biannually. Requiring an annual review of all federal regulations after an economic impact study by a non-governmental, private sector entity. Creating a moratorium on regulations by requiring sun setting of all federal regulations unless specifically sustained by a transparent up-or-down vote of Congress. Repealing Dodd-Frank which does not reform Fannie Mae or Freddie Mac, and instead of instituting Washington-centric regulations by picking winners and losers in the marketplace, pass legislation that provides transparency in the financial industry and eliminates government bailouts.

RESTORE AMERICAS LEADERSHIP AND COMPETITIVENESS

Families and individuals must be able to make their own fundamental choices in life without undue government interference. The talent of our nations people and small businesses will right our countrys economic ship. Likewise, America cannot be truly free when it is dependent on foreign nations. Wil wants to restore Americas position as the worlds dominant economy by: Stopping the employment of illegal workers to ensure that Americans are getting the jobs they need. Raising the standard of education by limiting the role of the federal government in education and allowing parents the freedom to select the school of their choice for their children.
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 Focusing on getting unemployed American citizens jobs first. Encouraging domestic exploration and unleashing the potential of all domestic energy resources: clean coal, natural gas, domestic oil and nuclear energy.

A PATH TO ECONOMIC GROWTH

Economic growth is the essential and irreplaceable component to solving both our nations employment crisis and averting fiscal disaster. With annual budget deficits exceeding $1 trillion and a national debt at a staggering $15.5 trillion, America is on the verge of a financial disaster not unlike what Europe is currently facing. Unemployment remains staggeringly high at 8.3%, with 8.7% unemployment in Arizona alone. President Obama is on course to govern over the worst economic growth since recordkeeping of this metric began. In 1947, the federal government began tracking GDP, the broadest measure of overall economic vitality. Since that date, not one president has failed to enjoy a quarter of at least 4% GDP growth until now; President Obama is on track to be the first. President Obama has racked up more debt during his time in office than all presidents from Washington to Reagan combined. Instead of Washingtons top-down, bureaucratic approach, Wils strategy will use time-tested business principles learned from his experience in the private sector to right our countrys economic ship. Wils principles will grow the economy and create jobs by lowering taxes and reducing the power of the federal government to overtax individuals and businesses by: Replacing the indefensibly complicated tax code with a flatter, fairer and lower income tax so that businesses and individuals can easily file their taxes independently. The tax code has not been significantly reformed since the landmark Tax Reform Act of 1986 which simplified the code from fifteen brackets to four. Since that time each new tax proposal has been layered onto the existing code, rendering it larger and more complex with each new act. In the last nine years alone, the tax code has been revised more than 3,250 timesan average of about one change a day. The tax code is so complex that more than 80 percent of individual taxpayers find the process of filing tax returns so overwhelming that they pay for filing assistance. Eliminating corporate tax loopholes, subsidies and giveaways to level the playing field for businesses large and small. Washington has gotten into the business of picking winners and losers in the private sector
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from propping up ethanol subsidies, to funneling taxpayer dollars to companies like Solyndra, to bailing out big banks on Wall Street. We must eliminate loopholes, subsidies and industryspecific deductions to level the playing field so that all businesses have a chance to succeed. Significantly reducing the corporate tax rate to at least 20% to spur investment and economic growth to restore American competitiveness in the global economy. At 35%, the U.S. corporate tax rate is the second highest among all the countries in the Organization for Economic Cooperation and Development (OECD) after Japan. Since the 1980s, other OECD economies have been steadily lowering their tax rates, but the United States has not cut its top statutory rate since 1993. In the OECD, the United States also has higher-than-average effective average and effective marginal tax rates which are the best indicators for capital investors of their true tax liability. In order to compete in the global economy and spur economic growth, we need to lower the uncompetitive current corporate tax rate in the U.S. In order for the U.S. to move to the middle and match Chinas rate and the OECD simple average, lawmakers will have to reduce the federal rate to at least 20 percent. Eliminating the capital gains tax to encourage investment and create jobs. The capital gains tax is an unequivocal burden on the capital we need to grow, prosper and compete in a 21st century global economy. Any individual or business that sees an appreciation of the value of their income (capital) must pay up to 39.6 percent in additional taxes on this appreciation (depending on the length of the investment and the marginal tax rate of the individual or business). Considering inflation, the effective rate paid on investments is even higher. As we are coming out of this recession, the United States should do everything within its power to create a financial environment that allows businesses to rapidly grow and prosper.

Paid for by Wil Cardon for U.S. Senate WILCARDON.COM