Gingrich’s New Contract—Great News!
Gingrich’s 21st Century Contract with American represents a detailed framework of plans for transforming the US economy. If adopted, there would be a greater shift in US economic policies in the direction of classical principles than at any time in modern history.
For starters, the Contract proposes to eliminate the tax on capital gains, reduce the individual tax rate to an optional maximum of 15%, lower the corporate tax rate to 12.5% and eliminate the death tax.