Santorum: ‘Supply-Sider’ for the working man

From the Wall Street Journal

By JAMES FREEMAN
Manchester, N.H.

'I'm someone who believes that making things creates wealth," says Rick Santorum.

It is primary day in New Hampshire, and the former Pennsylvania senator and current presidential candidate is describing his plan to slash corporate tax rates. To encourage companies to make things, he would completely eliminate the federal income tax on manufacturers. For all other businesses, the rate would be cut in half, to 17.5% from 35%.

Mr. Santorum also believes that making babies creates wealth. It's very difficult to grow an economy with a shrinking population, he says, pointing to the "demographic winter in Europe" as a cause of that region's troubles. To help avoid that fate in the U.S., he wants to triple the per-child tax credit and also cut individual tax rates.

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