The Prosperity Mandate: A Sustainable Economic Recovery Plan

Here is the missing piece to the Obama recovery plan and stimulus package: rocket fuel for the economic engine.  Fund America as proposed by The Prosperity Mandate creates 5 Million jobs in 18 months.  This plan provides for $1 Trillion cash infusion into the banking system and on into the economy with NOT $1.00 of direct government funding.  The Fund America plan is budget neutral and is the first sustainable and renewable stimulus plan ever!

First and foremost the Government MUST stop writing checks for anything that can be structured as a Pay Back scenario.  This paradigm has been proven effective with the over 30 year history of the Micro-Finance industry.  To get One Percent of the estimated $100 Trillion national net worth sitting on the sidelines actively invested in building the economy, and implement the Fund America plan there are 6 steps:

1. Change The Tax Code: Focus on a single purpose - CREATE JOBS.  Take away all the deductions or lower tax brackets that do not directly create jobs or put funds into the economy.  Example:  The 60% subsidy on income tax for Capital Gains on existing shares of public companies (non Initial Public Offering shares).
   
2. Enact the Fund America 10% Tax Credit: This will fund $1 Trillion to CREATE JOBS by rewarding the purchase of Certificates of Deposit purchased at a bank and then pledged as collateral for a Fund America program authorized loan.  Because of the loss of confidence in the banking system the Government will have to guarantee the Deposit amount.
   
3. Enact Tax Free Income on Fund America Cds: CREATE JOBS by further incentivizing the CD deposits by making the interest earned on the CDs exempt from income tax.
4. Authorize Fund America Programs: Deploy and CREATE JOBS with $1 Trillion funding through Fund America programs for infrastructure construction, vocational training, low income home building, green energy and Biosphere Research & Development and implementation, micro-finance, urban renewal, higher education, and medical and ecological technology Research and Development.
5. Create Oversight and Real Time Transparency: Allow a pre-eminent Board of Advisors to oversee the entire Fund America Program and maintain active risk management and full accountability
6. Sustain and Renew: Once the loans to Fund America programs have achieved full take out with permanent financing or Pay Back and the CDs are released from the collateral pledges.  Allow the CDs to rollover and be re-pledged for new Fund America programs with the same tax benefits earned again, again, and again.

This plan works. To learn more, and to take action, go to:
www.theprosperitymandate.org

Tags: capital gains, economic recovery plan, stimulus, tax credit

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