Our country and state face serious challenges. Too many people are unemployed. Gas prices are too high. And President Barack Obama is not helping to solve these problems — in fact, he's making them worse.
We need only look at the records of our candidates to know who is the best person to replace President Obama.
Newt Gingrich has forced big changes before by winning big debates. He's proved he can do it.
As House speaker, Newt reformed welfare, lifting millions of Americans from poverty. He balanced the budget four years in a row for the first time since the 1920s. He passed the biggest capital gains tax cut in history, helping create 11 million jobs. Under his leadership, we paid down $400 billion from the national debt, and the government actually began preparing to eliminate it.
This year, I have no doubt that Newt is the best person to take on President Obama because he's the only one who will defeat him in the debates. Just as importantly, he's the only person offering the bold solutions we need to change Washington once Republicans win in November.
Newt's $2.50 gas plan to greatly expand American energy production would be a boon to Maryland's economy. Today, Maryland has some of the highest gas prices in the country, which is a heavy burden on businesses as well as families. By unleashing our hundreds of billions of barrels of untapped oil resources, we can put downward pressure on the price of gasoline right away.
The Port of Baltimore is one of the largest ports on the East Coast, and inexpensive energy — especially oil and natural gas — is vital to commerce. In addition, the value of Maryland's offshore energy resources is estimated at roughly $18 billion, if not more. Under typical revenue-sharing arrangements with the federal government, Maryland's state government could receive as much as 50 percent of tax revenues derived from these resources, if the Obama administration would end its ban on development on the Atlantic Outer Continental Shelf.
While easing the pain of high gas prices is necessary to prevent the economy from getting even weaker, we also need to reduce the burden of government to get the economy working again. Newt will jump-start our stalled economy with bold, pro-growth policies. He'll eliminate the death tax and the capital gains tax. He'll move toward a 15 percent optional flat tax and lower the corporate tax rate to 12.5 percent. And he'll adopt 100 percent expensing rules to let businesses invest in new equipment and write it off in one year. This supply-side program would restore the economy to long-term economic growth, estimated to create 6.6 million jobs in the first two years alone, reducing the unemployment rate ultimately to 4.6 percent.
If you believe that we need truly bold solutions to solve the fundamental problem of too much government, there's only one candidate in this race who's proven he can do it. On Tuesday, Maryland has the chance to make a stand for real change by supporting Newt Gingrich.
Del. Warren E. Miller of Howard County is co-chair of the Newt Gingrich campaign in Maryland.