1980

* Increase the differential of the personal and corporate tax rates, and reduce the top personal rate from 70% to 50%.

* Adopt a simplified and accelerated asset-depreciation system.

* Balance the federal budget by 1981.

* Revise estate-tax laws to encourage continued family ownership of businesses.

* Make all federal laws, regulations, and agencies subject to sunset review.

* Pass the Small Business Innovation and Research Bill, allocating small companies specific percentages of federal research-and-development spending.

* Allow tax credits for initial investment in small businesses and tax deferral of profits rolled over into other small-business investments.

* Reform Social Security.

* Increase capital availability for small business by creating a new security called a Small Business Participating Debenture.

* Maintain, reinforce, and expand the SBA's Office of Advocacy.

1986

* Take steps to alleviate the problems of availability and affordability of liability insurance to small companies.

* Prohibit states from mandating specific employee benefits and avoid such mandates at the federal level.

* Prohibit unfair competition with small companies from nonprofit organizations and government agencies.

* Balance the federal budget.

* Create a cabinet-level department of international trade.

* Encourage schools to include enterpreneurial training and education in the free-enterprise system.

* Repeal the Davis-Bacon and Service Contract Acts.

* Reform Social Security.

* Enact tort law reform.

* Make the Internal Revenue Service subject to the Equal Access to Justice and the Regulatory Flexibility acts.