But, these policy proposals are unique, innovative and deserve strong consideration and discussion.
The Horizon Project's Agenda:
Project members believe we need to act now - on economic & trade policy issues, education, health care and public infrastructure investment - to stave off the rosion of our competitive advantages and the loss of the nation's middle class base
Here is a PDF (large) of the Horizon Project Policy recommendations, from February 2007.
They call it a Marshall Plan. A call to immediately change policy in critical areas.
In their overview statement the concern for the United States economic future is blunt:
Concerns about Trade & Economic Growth mostly manifest themselves in the nation’s record – and still growing – trade deficit, and in the disappearance of valuable chunks of its economy due to offshoring.
Underlying these highly visible phenomena is the growing divergence between the national interests of the United States and the interests of many U.S. multinational corporations which, if given their druthers, seem tempted to off shore almost everything but consumption.
I hope you will read this entire document (linked above). It is clear they view strategic policy direction change holistically, as multi-area focused. That multiple policy areas must be changed to save the US both from a national perspective and a middle class focus. For this post, I want to highly some of the innovative policy proposals contained within.
- Legislate a Trade deficit cap.such as 0/congress/bills/109/s355"> S.355, Foreign Debt Ceiling Act of 2005
- Taking actions against unfair trade practices. Listed are unfair trade written into current agreements as well as enforcement.
- Reorganize the government’s trade structure to separate trade negotiations from trade agreements enforcement. (This could also isolate trade policy from special interests).
- Special deals with individual companies through carefully designed changes in the corporate income tax. Many unique suggestions are detailed in the report with statistical data to justify the proposal.
Government funded redeployment worker agency. The policy details acknowledge:
- There is no skills or worker shortage in the United States
- Skills adaptation is a key goal which incorporates the reality Americans are highly skilled and experienced
- Eliminate federal income taxation for K-12 teachers in accredited schools (wow!)
- Hold teachers accountable for student performance
- Significant expansion of government support for high performing students from low- and middle income families.
- Propose steps to extend basic healthcare coverage, including steps that make it hard to avoid becoming insured and steps that provide tax penalties for being uninsured
- Propose capping the healthcare deduction and applying the resultant tax
savings to expanded coverage for low- and middle-income individuals and families
- Reimbursements to Medicare and Medicaid providers for services be based on the extent to which such providers obtain good medical outcomes and adhere to best practices, as measured by shared outcomes data.
Form a federally sponsored National Investment Corporation to help regions, states and municipalities finance vital
infrastructure projects that require federal participation in order to be completed
- Amend the federal tax code to allow for much-accelerated depreciation of
investments in the key areas of alternative energy, energy savings, and broadband
- Enact measures to encourage timely, universal deployment of the high-speed
broadband access networks which are vital to the functioning of the nation’s future
economy and to helping reduce income inequality.
I strongly suggest reading the entire paper. Many of these ideas are aggressive, yet unique and also based on statistical reality, which they note.
I must end this overview with a line from their report which should become a classic:
U.S. multinational corporations which, if given their druthers, seem tempted to offshore almost everything but consumption