Posted on 10/17/2011 10:37:52 AM PDT by Hojczyk
GOP presidential candidate Rep. Ron Paul will unveil his economic plan Monday afternoon, calling for a lower corporate tax rate, cutting spending by $1 trillion during his first year in office and eliminating five cabinet-level agencies, including the Education Department, according to excerpts released to Washington Wire.
Mr. Pauls Restore America plan calls for a drastically reduced federal government to help spur American business a familiar theme for the Texas Republican and many of the GOP White House hopefuls. But unlike some of his Republican rivals who have released economic plans, the libertarian congressman mostly avoids the weeds of tax and trade policy, according to excerpts.
But Mr. Paul does get specific when he calls for a 10% reduction in the federal work force, while pledging to limit his presidential salary to $39,336, which his campaign says is approximately equal to the median personal income of the American worker. The current pay rate for commander in chief is $400,000 a year.
The Paul plan would also lower the corporate tax rate to 15% from 35%, though it is silent on personal income tax rates, which Mr. Paul would like to abolish. The congressman would end taxes on personal savings and extend all Bush tax cuts.
(Excerpt) Read more at blogs.wsj.com ...
It a good plan to get the country back on track again. I think it should go further but a good start. Would like to compare it to the other Republicans running when they give their plans.
From the Politico article on this. Hell say that his plan for $1 trillion in cuts will create a balanced federal budget by the third year of his presidency.
http://www.politico.com/news/stories/1011/66114.html#ixzz1b2aMmbbo
“Presidential and Congressional pay is an obsession of the stupid and clueless.”
On the other hand, taking away Moochelle’s perpetual vacation budget would make us all feel better.
No need to change anything.”
I'm not a big fan of our half-assed military interventions in the past 15 years, beginning with the disaster in Kosovo during the Clinton administration. However, Ron Paul would go much further than ending such mindless interventions by, for example, reducing the military budget by one-third. That reduction requires much more cutting than would be achieved by withdrawing all of our troops from Iraq and Afghanistan.
Paul and Cain are now #1 and #2 on my list.
At that rate, Obama should be paying us!
Most of the posters on this thread are the idiots, not Ron Paul! Ron Paul is the only hope for our nation! So you all want another establishment new world order globalist. You want to continue believing in the al queada boogie man, that the globalists are using to enslave us all, while emptying our pockets! Wake up!
When was the last time a "Joe the Plumber type" ran for the Presidency?
More to the point, when was the last time a "Joe the Plumber type" actually won -- so that he needed the paycheck?
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