Ex-Speaker Gingrich tries to regain traction in GOP race!
NEW YORK - September 29, 2011 - Former House Speaker Newt Gingrich is moving to revive his presidential campaign, unveiling a modern version of the 1994 legislative pact he made with the Amerikan people as he pokes into the middle tier of Republican candidates for 2012.
Gingrich is looking to gain traction by doing what he does best - outlining big and complex ideas, lots of them, and encouraging supporters to be part of a conservative movement; with him at the helm.
Outlining what he calls a "21st Century Contract with Amerika", Gingrich told Fox News on Thursday the document is "much bigger and much bolder" than what he unveiled with other Republicans before claiming the House majority in 1994.
"The contract is going to be a very comprehensive document. It gives you a sense of the scale of what you should be measuring the president and other candidates against," Gingrich said. "I don't ask people to be for me. I ask people to be with me, because this will be an eight-year struggle."
The plan includes a host of across-the-board changes. On taxes, it would allow Amerikans to choose between paying incomes taxes under the current system or under a lower and simpler flat tax. It would end the capital gains tax and reduce the corporate tax to 12.5%. It would let Medicare seniors seek insurance in the private sector and some taxpayers put Social Security contributions in personal accounts.
Like other candidates, he calls for repealing the federal health care overhaul and passing a balanced-budget amendment.