Closing the loopholes and shutting the door on many of the deductions that favor the ultra wealthy will encourage them to invest more in the private sector and less in the game that is our tax code system.
As silentpadna said "allowing more wealth to be created" is a proven winner.
Anyone who has paid attention or cares to start now, can see that the US government is the least efficient controller of funds and has been for a very long time. Not many examples of well run government projects, it is generally the very opposite.
On a different issue:
I am fairly disappointed in the media's insistence on claiming Romney will "increase defense spending by 2 Trillion over the next decade". This is a figure that is just not knowable. His plan is to keep defense spending at 4% of GDP. No one can know what GDP will be in 10 years, so to put a number on it is deceptive. Additionally I'm not even sold that he would actually follow through on it as it seems more like a talking point aimed at the many many out of work defense contractors in Virginia, a state he desperately needs to win.
History teaches us that the last time our military was pared down this much we were attacked at Pearl Harbor. The industrial giant that is the US was able to eventually recover and get back to being the world's preeminent superpower, but any historian can tell you that had our military never been pared down so much to begin with we certainly wouldn't have taken so long making a dent in Japan's advances. We took many more casualties due to this simple fact.
Can we spend wiser and become leaner while still maintaining our standing as the world's greatest super power? I think so. There is far too much fraud and waste going on and THAT is definitely the greatest area where we could actually cut costs in the defense budget. Unfortunately neither candidate is addressing that issue.
If anyone is still under the delusion that al-Quada is finished, I feel sorry for you. Not only are they actively attacking us but now with a hard deadline set for withdrawal in the area we have bolstered the enemies' confidence and they can simply wait us out. When military leaders who are on the ground and in harm's way disagree with policy you have to take their objections seriously. THEY know better what they need to succeed.
I am not partisan on this issue, as I feel that W is responsible for half-a$$in' the Iraq war from its inception. We should have had much more boots on the ground and we could have overwhelmed Baghdad so much earlier and avoided the loss of so many more lives and the loss of so many more billions of dollars.
Target the waste and fraud, but don't weaken our defenses. Stop the scare tactics from both sides and discuss the issues openly and honestly.
I'd also like to see a bill passed where politicians can NEVER exempt themselves from any bill or law they pass on the rest of us. If Obamacare is so wonderful why are Senators and Congressmen exempted from participating in it? Total Bullsh*t!
Could enough citizens petition for such a bill? How many would it take?
Could we protest loud enough that some congressman would eventually take that bill to the floor?