We must balance the budget, and restore confidence in the US currency. The Congress cannot continue to spend more money than it takes in. I will vote to continue the tax cuts, and give additional relief to families… Government spending cannot stimulate the economy. It is a drag on the economy. The number one issue for most families is jobs. Will there be one next week, how do we pay the bills, and how can I best take care of my family? We have a tradition of hard work, opportunity, and prosperity in this country. We cannot let misguided socialism or the Congress destroy our American legacy.
We must balance the budget, and restore confidence in the US currency. We cannot continue to spend more money than we take in. That is the main cause of the hidden tax of inflation. I will vote to continue the tax cuts, and give additional relief to families. We can balance the budget by downsizing the federal bureaucracy by 50% over the next ten years. I will propose legislation to fully privatize Fannie Mae and Freddie Mac. Let them compete in the private sector without the implied support of the taxpayer.
I will vote to suspend the capital gains tax for two years to encourage investment in the markets and American industry. I will vote to combat inflation by strengthening the American dollar. I will vote to reward businesses with tax incentives for staying in America and penalizing them for moving to other countries. The best way to do that is to eliminate the corporate tax. Corporations do not pay taxes. People pay taxes. They simply pass the tax on to the rest of us. I will propose legislation to greatly reduce the size and scope of government.
Families are the strength and foundation of any stable and prosperous society. Government has an obligation to promote and nurture strong families. The Congress must strengthen the middle class. The best way to do this is to reduce the tax burden for families. It is time to permanently eliminate the marriage penalty, and give additional tax breaks for college education. I will also encourage Americans to start saving again by proposing tax incentives for putting money in savings accounts/instruments including investing in America.
I will propose the elimination of the IRS, the implementation of a Fair Tax, tax incentives to establish new businesses, and remunerating businesses for collecting the new federal Fair Tax. Everyone will have a stake in America if they are paying part of the cost. I will initiate a national discussion of the Fair Tax. Do we want to keep the current oppressive, complicated, and inefficient system that penalizes people for hard work and success? Or, do we want a truly fair system where everyone is invested in America? Do we want independence or dependence on costly government welfare. We need to debate these questions. In the meantime, I will vote to greatly reduce regulations, restrictions, legal costs & litigation, and government duplication and bureaucracy. I support legislation for an independent audit of the Federal Reserve.
I will vote to end the death tax. I believe in fair trade with other nations, tax reduction, and not burdening taxpayers by bailing out every failed mortgage company, insurance company, investment bank, or hedge fund for risk taking or bad decisions. I want a full investigation of derivatives and other financial instruments that have caused so much economic turmoil. I also want an investigation of market manipulation by large traders to restore confidence in the stock markets. I will call for an independent investigation of the financial crisis, and prosecution of those responsible. I will vote against all bailouts. We cannot afford to continue to reward failure.
We have much work to do to restore our economy and provide good jobs for Americans. We can, once again, make America the economic engine that drives the world’s economy. First, we have to get government out of the way. The best way to enhance opportunity and prosperity is via the free market and limited government. When the People lead, the leaders will follow.
