New Jersey Gov. Chris Christie, who's considering a Republican presidential run, is proposing tax code reforms as a first step in returning the nation to "its pro-growth roots and its pro-growth policies."
"[W]e must target the tax code, because today it is targeting us — discouraging individuals, hampering new businesses, and sending job creators offshore," Christie writes in an op-ed commentary for
The Wall Street Journal posted online Monday night. "The country needs comprehensive tax reform now."
Christie writes that the income tax system should be changed to include just three individual income-tax rates instead of the current six, with the top rate no higher than 28 percent.
He adds that the corporate tax rate should be cut to 25 percent from 35 percent to encourage companies to invest in the United States.
Christie's economic plan comes just a month after his
controversial plan to gradually raise the retirement age by two months a year, beginning in 2022, until it reaches age 69 while using "a less generous measure of inflation called the Chained Consumer Price Index to calculate retirees' benefits."
In his Journal commentary, Christie also proposes reform and reduction of "overbearing" government regulations, "a comprehensive and effective national energy strategy," and repealing the Obamacare "30-hour definition of full-time work."
"Take the 40-hour workweek off the endangered-species list and put Americans back to work," he writes.
"With the energy of the American people, the pent-up demand to be freed from regulation, and the pent-up capital ready to be invested if companies are given enough positive signals, there is no reason America cannot return to the path of strong economic growth," he writes. "With it will come a restoration of American authority, strength, and optimism."
Christie continues to struggle in the polls as a presidential possibility. A
Dartmouth College State of the State survey shows him with just 5 percent support among GOP contenders in New Hampshire.
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