Tomorrow, I will introduce a plan consisting of 59 specific proposals — including 10 concrete actions I will take on my first day in office — to turn around America’s economy. Each proposal is rooted in the conservative premise that government itself cannot create jobs. At best, government can provide a framework in which economic growth can occur. All too often, however, government gets in the way. The past three years of unparalleled government expansion have retaught that lesson all too well…

First, President Obama has raised or threatened to raise taxes on both individuals and businesses. I would press hard in the opposite direction. Marginal income tax rates and tax rates on savings and investment must be kept low. Further, taxes on interest, dividends and capital gains for middle-income taxpayers should be eliminated. Our corporate tax rate is among the world’s highest. It leaves U.S. firms at a competitive disadvantage and induces them to park their profits abroad, benefiting the rest of the world at our expense. I will fix these problems with permanent solutions. Ultimately, I will press for a total overhaul of our overly complex and inefficient system of taxation.

With scant regard for the costs imposed on consumers and businesses, President Obama has vastly expanded the regulatory reach of government. The federal government has estimated the price tag for its regulations at $1.75 trillion. I will pare back regulation, including eliminating “ObamaCare.” I will direct every government agency to limit annual increases in regulatory costs to zero. The impact of any proposed new regulation must be offset by removing another regulation of equivalent cost. Every one of President Obama’s regulations must be scrutinized, and those that unduly burden job creation must be axed.