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Election 101: Where the GOP candidates stand on taxes, jobs, and other economic issues

With more than 13 million Americans out of work and wage increases so modest they鈥檙e failing to keep up with inflation, voters have put the economy and jobs at the top of their checklist of presidential issues.

6. Jon Huntsman Jr.

Cheryl Senter/AP
Republican presidential candidate Jon Huntsman at a town hall meeting at BAE Systems in Nashua, N.H., Dec. 20.

Taxes

Replace current income tax with three brackets: 8, 14, and 23 percent; no deductions or credits, no tax on capital gains or dividends. Repeal estate tax, cut corporate rate to 25 percent, shift to 鈥渢erritorial鈥 approach to encourage firms to bring foreign profits home.

Deficits and budget

Supports balanced budget amendment and entitlement reforms. Says Obama鈥檚 call for 鈥渂alanced鈥 approach, with tax hikes, would slow recovery.

Jobs and growth

Rein in regulations, cap size of financial firms so they鈥檙e not 鈥渢oo big to fail.鈥 Promote free trade and enforce trade laws without prompting a 鈥渢rade war鈥 with China.

Social Security and safety net

Consider Social Security fixes such as higher eligibility age, means testing, and adjusting the inflation formula by which benefits go up over time. Criticizes rivals for 鈥渇rightening the American people who just want solutions.鈥

[Has withdrawn from the race]

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