Today, Ron Paul released his Plan to Restore America.
“It’s the only plan offered by a presidential candidate that actually balances the budget and begins to pay down the debt. And it’s the only plan being offered that tries to reign in the Federal Reserve and get inflation under control.”
Paul’s plan does not just rearrange the status quo. Paul’s Plan to Restore America is real fundamental reform. Here is a summary of what is included:
- Real cuts totaling $1 trillion during the first year of a Ron Paul Presidency.
- Eliminates five federal cabinet departments – the Departments of Energy, Housing and Urban Development, Commerce, Interior, and Education.
- Abolishes the Transportation Security Administration (TSA) and returns responsibility for security to private property owners.
- Abolishes corporate subsidies.
- Stops foreign aid.
- Ends foreign wars.
- Makes a 10% reduction in the federal workforce, slashes Congressional pay and perks, and curbs excessive federal travel.
- To stand with the American People, President Paul will take a salary of $39,336, approximately equal to the median personal income of the American worker.
- Returns most other spending to 2006 levels.
- Lowers the corporate tax rate to 15%, making America competitive in the global market. Allows American companies to repatriate capital without additional taxation, spurring trillions in new investment.
- Extends all Bush-era tax cuts.
- Abolishes the Death Tax.
- Ends taxes on personal savings.
- Repeals ObamaCare.
- Repeals Dodd-Frank.
- Repeals Sarbanes-Oxley.
- Cancels all onerous regulations previously issued by Executive Order.
- Honors our promise to our seniors and veterans, while allowing young workers to opt out.
- Block grants Medicaid and other welfare programs to allow States the flexibility and ingenuity they need to solve their own unique problems without harming those currently relying on the programs.
- Conducts a full audit of the Federal Reserve.
- Implements competing currency legislation to strengthen the dollar and stabilize inflation.