Lowden’s economic recovery plan: cut some taxes, eliminate others

Sue Lowden, a Republican primary candidate who hopes to replace Democrat Sen. Harry Reid, released her "economic recovery plan" today and its main feature is this: reduce or get rid of some taxes.

That means business taxes, payroll taxes and capital gains taxes. As for the death tax, kill it for good, she said in her plan.

"We must provide immediate and permanent tax relief," Lowden said in a conference call with reporters during which she took no questions.

These are the highlights of the former state senator and businesswoman's plan, which summarizes what she's been telling voters on the campaign trail:

• Cut the corporate tax rate of 35 percent to 15 percent so U.S. companies don't go overseas where there are friendlier tax environments.

• Cut the payroll tax, although she didn't say by how much.

• Work to eliminate the capital gains tax, but no details were provided.

• Repeal the death tax, which was phased out for 2010 but is set to kick back in Jan. 1, 2011 unless action is taken.

Two other pillars of Lowden's economic recovery plan focus on encouraging business diversification and innovation to create jobs and ensuring accountability and transparency in government spending.

"Enough of taxpayer-funded bailouts, backroom deals, taxpayer-funded bribes and misguided, expensive and ineffecctive policies," her plan says, echoing Repubilcan talking points.

Lowden posted her economic recovery plan on her website.

Here's the link.