The centerpiece to Huntsman’s policy proposal is his massive overhaul of the tax system, eliminating most tax breaks (including some extremely popular ones) in exchange for drastically lower rates of 8%, 14% and 23% (plus a drop of the corporate rate to 25% and a scheme to repatriate foreign earnings). As James Pethokoukis notes, this plan “looks like perhaps the most pro-growth, pro-market (and anti-crony capitalist) tax plan put forward by a major U.S. president candidate since Ronald Reagan in 1980.”
Although tax policy is the aspect that will garner the most attention, Huntsman also focuses on liberating America’s vast untapped energy sources, including shale oil (and, as former governor of Utah, he probably has more detailed knowledge about the pros, cons and roadblocks of that potential resource than anyone in the field).
Personally, I think you have to pass a carbon tax to go along with this in order to narrow the significant political opposition it will face. A carbon tax that includes tradeable tax credits for various activities that reduce CO2 would be both a political and financial boon for fossil energy advocates, IMO.
Disclosure: I have contributed financially to Huntsman’s campaign and he is my first choice for the GOP nomination, even though I am not a registered member of the party. Yes, I am the guy who gets him to 1% in the polls. (FWIW, my second choice, is Gary Johnson, showing you just how far out of the Republican mainstream I reside)