Chopping at the roots of the problem instead of the branches.
LAKE JACKSON, Texas – The Ron Paul 2012 Presidential Campaign announced the release of Dr. Paul’s “Plan to Restore America,” an ambitious federal government spending, tax and reform blueprint that as President he will implement.
The plan, authored by Paul’s campaign staff at his direction, promises to restore the federal government to its former Constitutionally-limited, smaller-government and less-burdensome place. The plan cuts $1 trillion in federal spending during the first year of a Paul Presidency and delivers a balanced budget in year three of a Paul Presidency.
“Ron Paul’s plan is the only one that seriously addresses the economic and budgetary problems our nation faces. It cuts $1 trillion in one year, and slashes regulations and taxes so our economy can grow and create jobs,” said Ron Paul 2012 National Campaign Chairman Jesse Benton, a plan co-author.
“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.”
Cuts totaling $1 trillion during the first year of a Paul Presidency would be achieved by eliminating five federal cabinet departments – the Departments of Energy, Housing and Urban Development, Commerce, Interior and Education. Cuts of this scale will also be accomplished by a Paul Presidency abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.
To view Dr. Paul’s “Plan to Restore America” in full, please click here.
RON PAUL “PLAN TO RESTORE AMERICA”
EXECUTIVE SUMMARY RONPAUL2012.COM SYNOPSIS:
America is the greatest nation in human history. Our respect for individual liberty, free markets, and limited constitutional government produced the strongest, most prosperous country in the world. But, we have drifted far from our founding principles, and America is in crisis. Ron Paul’s “Restore America” plan slams on the brakes and puts America on a return to constitutional government. It is bold but achievable. “rough the bully pulpit of the presidency, the power of the Veto, and, most importantly, the united voice of freedom-loving Americans, we can implement fundamental reforms.
DELIVERS A TRUE BALANCED BUDGET IN YEAR THREE OF DR. PAUL’S PRESIDENCY:
Ron Paul is the ONLY candidate who doesn’t just talk about balancing the budget, but who has a full plan to get it done. SPENDING: Cuts $1 trillion in spending during the first year of Ron Paul’s presidency, eliminating five cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.
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.
CUTTING GOVERNMENT WASTE:
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.
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 tax cuts. Abolishes the Death Tax. Ends taxes on personal savings, allowing families to build a nest egg.
Repeals ObamaCare, Dodd-Frank, and Sarbanes- Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.
Conducts a full audit of the Federal Reserve and implements competing currency legislation to strengthen the dollar and stabilize inflation.
Dr. Paul is the only candidate with a plan to cut spending and truly balance the budget. “This is the only plan that will deliver what America needs in these difficult times: Major regulatory relief, large spending cuts, sound monetary policy, and a balanced budget.
For all the facts and figures see the complete budget report below: