Changes

Capping The Cost Of Regulation For Employers: President Obama’s own Small Business Administration admitted that federal regulation costs over $10,000 per employee. Congress should adopt a regulatory budget, such that the cost of complying with all regulations adopted by the federal government in any given year will not exceed a set amount.

'''Creating Incentives to Work'''

*Eliminate The Payroll Tax For Those At The Beginning And End Of Their Careers: In outlining his entitlement reform proposals, Governor Christie recommended eliminating the payroll tax for those above age 62. Today, Governor Christie is also calling for a similar tax break for those newly entering the work force, below age 25. This will encourage those nearing retirement to keep working should they want to; and make it easier for the young to enter the work force. Both will be good for America.

*Reform Disability Insurance To Help Individuals Return To Work: As part of his entitlement reform proposal package, Governor Christie called for reforming Social Security Disability Insurance to encourage a return to work and to reward employers who re-hire those on disability. As part of this proposal, eligibility for benefits would be conditioned on entering a rehabilitation program and developing a workplace reentry plan.

'''Ensuring That America Is The Home of Innovation'''

*Greater Focus On Workforce Skills In Higher Education: In addition to investing in universities themselves through research, the U.S. must do a better job matching the skills students learn with the needs of employers. Pathways between high school, post-secondary education, and the entrylevel job market must be more seamless. Students and parents also need greater transparency on what they’re paying for and greater choice on whether we want to pay for it.

*Give Young, Growing Companies Easier Access To Capital: America has for many years had the deepest, most liquid, most transparent capital markets in the world. Yet America is now losing its edge, in part due to the unintended consequences of regulation. Reform which makes it easier for young high growth companies to access the capital markets is essential.