Santorum: Eliminate corporate tax on manufacturers

Republican presidential candidate and former Pennsylvania Sen. Rick Santorum said that if he were elected president he would boost the economy by repealing the president’s health care reform bill and by eliminating the corporate tax rate for manufacturers.

Speaking on Fox News Sunday, Santorum said that his first move to jump start the economy would be to “repeal ObamaCare.”

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“We’re going to repeal ObamaCare. … Creating a certainty in the marketplace that we're not going to put this huge new entitlement, this huge amount of taxes and burden on the business community,” he said.

Santorum would also eliminate the corporate tax for manufacturing companies.

“One big idea that I've proposed is to cut the corporate tax for all manufacturers from 35 percent to zero,” said Santorum. “You cut the tax rate to zero, you create a real launching pad for exports here in America.”

Santorum stressed the need to “revitalize” the nation’s manufacturing base. “We went from about 21 percent of jobs in this country when I was a kid being in manufacturing down to 9. That's -- we lost those jobs overseas. We need to bring them back,” he said.

Santorum also called for lawmakers to ramp up spending cuts in Washington. “We are headed toward almost 40 to 50 percent of the overall economy being government if we don't do something about these entitlement programs. That's the big problem,” he said.

Santorum finished fourth in last Saturday’s Ames Straw Poll.

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