Matt Lewis

Huntsman’s jobs plan would repeal Dodd-Frank and Sarbanes/Oxley

Photo of Matt K. Lewis
Matt K. Lewis
Senior Contributor
  • See All Articles
  • Send Email
  • Subscribe to RSS
  • Follow on Twitter
  • Bio

      Matt K. Lewis

      Matt K. Lewis is a senior contributor to The Daily Caller, and a contributing editor for The Week. He is a respected commentator on politics and cultural issues, and has been cited by major publications such as The Washington Post and The New York Times. Matt is from Myersville, MD and currently resides in Alexandria, VA. Follow Matt K. Lewis on Twitter <a>@mattklewis</a>.

As Amanda Carey noted earlier, Jon Huntsman is about to unveil a new jobs plan in New Hampshire.

Details are beginning to emerge, and according to my sources, Huntsman will place a heavy emphasis on rolling back onerous regulatory regimes — President Obama’s health care overhaul and financial regulatory reform bill Dodd-Frank chief among them — that stifle the entrepreneurial and creative class.

In his debate debut earlier this month, Huntsman blasted the Environmental Protection Agency’s “regulatory reign of terror.” And the plan he’s slated to unveil today would block new measures the agency is angling to impose, like its ozone standard revision and joint fuel-efficiency rules.

But the EPA isn’t the only federal agency to earn scrutiny in Huntsman’s plan, which calls for curbing excess “independent” government agencies. The National Labor Relations Board stands to be replaced, and homeownership subsidies will be dramatically scaled back through the privatization of Fannie Mae and Freddie Mac. Those agencies left standing will be forced to adopt a framework of cost-benefit analysis before imposing any new regulations.

Huntsman will also push for a repeal of Sarbanes/Oxley.

Check out Huntsman’s new web an job creation:

YouTube Preview Image

  • Pingback: Frankel on Financial Regulation Funding and the Left | Rortybomb

  • Pingback: Does Jon Huntsman Want To Replace Dodd-Frank With Something That Would Break Up The Banks? | Greediocracy

  • Anonymous

    This is a very good plan. Makes you wonder why he ever served as president Obama’s ambassador. Granted it is the call to service but this has nothing in common with the current occupier of the White House.

  • Anonymous

    Check my One-Page Health Care Plan for Job Growth and Job Creation below:

    “HMO With A
    Twist” Perspective

    The ultimate
    health care reform for job growth and job creation

    [moving
    fast, seizing momentum and not letting it go]

    Check my
    blog – romantomato.blogspot.com

     

     

    CADILLAC
    health care policy for all:

                There will be three universal health plans, which can be replicated nationwide.  These are State Plan, Employers’ Plan, and
    Medicare Plan. The expanded universal coverage is the Cadillac health care policy for all at no extra cost. All three
    plans will cover acupuncture, ambulance, chiropractic services, dental care,
    doctor visits, family planning services, hearing, hospital and emergency care,
    laboratory, maternity and newborn care, mental health services, radiology,
    prescription drugs, preventive health care, specialty care and vision
    care.  The State Plan will cover all those who are unemployed or employed [and
    their dependents] whose employers do not provide health insurance.  Funding will principally come from Medicaid
    [Medi-Cal in California].  In addition, it is proposed that 1% from the
    sales tax from the state would be earmarked for this plan.  All those who are employed and whose
    employers provide health insurance for their employees and their dependents
    will be covered by the Employers’ Plan.  All those eligible for Medicare benefits will
    be under the Medicare Plan.  Medicare is federal health insurance coverage
    for people 65 and older, certain disabled people, and those with end-stage
    renal disease [ESRD].  With fewer
    employers subsidizing health coverage for their current retirees and their
    spouses, the Medicare Plan can provide health insurance coverage for those
    older workers – the age group that has the hardest time buying individual
    policies.  There are 54 million Medicare
    beneficiaries throughout the United States.

     

     

    NEXT TO NOTHING:

                All three plans will have low
    co-payments and no deductible except for Medicare patients where CMS [Center for Medicaid and Medicare Services]
    will determine and retain control over individual premiums and deductible for
    Part A and B.  There will be no
    out-of-pocket cost for Part D except for co-pay since prescription drugs will
    be covered under the three plans.

     

     

    FISCAL
    IMPACT:

    § 
    The
    plan will bring about a change in consumer spending.  It is proposed that 1% from the total sales
    tax generated from the state should be earmarked for one of the plans, the
    State Plan.  The sales tax will
    definitely make a direct impact on every American.

    § 
    Every
    time one makes a purchase, the thought that a fraction of the transactions will
    help support the health insurance coverage for a segment of the society is
    enough incentive to boost the sale and purchase of any product or
    services.  If the buying spree stimulates
    the sagging economy, so much the better. 
    As membership in the HMO/medical facility increases, more jobs will be
    created.  This might even help bring
    unemployment down.

    § 
    The
    program will generate monthly income to every state.  The HMO/medical facility will have to pay
    $1.00 good will fee to the state for each member enrolled in its
    organization.  In California alone, this translates to
    approximately $38.5 million a month, $462 million a year.

    § 
    Disbursement
    of the collected funds from the good will fee will rest solely on the
    discretion of the Governor of the state as he/she deems it fit and proper.

    § 
    The
    HMO/medical facility will have to exercise due diligence in keeping track of
    its members and at the same time providing an accurate monthly roster to the
    three payers [Medicaid/Medi-Cal in California, the employers and Medicare].

     

  • http://twitter.com/DamianLewis719 Damian Lewis

    I don’t have any problem with that. Wish that’s all they talked about.

  • http://twitter.com/DamianLewis719 Damian Lewis

    I don’t have any problem with that. Wish that’s all they talked about.

  • Adam D

    Sarbanes/Oxley has been a disaster and should be repealed.  With the fees attached to businesses as a result of Sarbanes/Oxley those business could be hiring additional workers instead.