"I believe that without free enterprise there can be no democracy" -- General Dwight D. Eisenhower
Let's face it, the federal government, under both Republican and Democratic administrations, spends too much. PJ O'Rourke said it best when he said, "If government were a product, selling it would be illegal." Or, at the very least, if government were a business, it would be bankrupt.
Getting government under control is not rocket science, but it will take sacrifice, political courage, and principle. I believe, as President Kennedy and President Reagan demonstrated, that keeping marginal income taxes and taxes on capital low, the economy grows. I also believe government should never spend more than it takes in and that debt should only be incurred for absolute necessity, not short term political gain.
As a small business owner for over 20 years, I have met payroll, paid taxes, paid for health care, and balanced budgets.
I know that taxes are too high and families need two incomes to survive. I know that businesses forgo investing because capital gains and corporate taxes are too high. I know that businesses put off hiring because payroll taxes are too burdensome. American households are sending more of their income to Washington, even with the 2001 and 2003 tax cuts. For 2008, the average household paid $21,616, well above the historical average of $16,334.
As the only small business owner and non-government employee in this race, I know that small business and entrepreneurs create jobs and sustain growth. I know that risk takers made America great. I know that families have a tough time making ends meet and need relief. Lastly, I know that the American dollar, in the hands of the American consumer, is infinitely more powerful than the American dollar in the hands of the American government.
With Those Principles to Guide Me, I Support -
A Balanced Budget Amendment to the Constitution
A Federal Spending Constitutional Amendment that would cap federal spending as a percentage of GDP
Mandating a 10% real reduction in discretionary spending based on 2010 discretionary spending levels -- $140 billion per year savings
Allocating those 10% savings to debt reduction. That will reduce the mandatory $1.7 trillion in interest payments due through 2014 and free up more money for debt reduction
Allocating any interest savings due to debt reduction to further debt reduction (1)
Real entitlement reform that creates an ownership society and makes Social Security and Medicare financially stable (2)
Automating federal department functions and offer employee rewards for cost savings
Reform Health Care with market driven reforms to reduce cost to small business and cover the uninsured (3)
Giving businesses regulatory and tax certainty so they can start to forecast and hire again.
Announce that Congress and the President will pass no tax increases and will implement real spending and debt reductions
Implementing the "Fair" Tax, or (4)
Implementing The Flat Tax -- and abolishing the IRS
Eliminating the Death Tax -- stop double taxation
Eliminating the Capital Gains Tax -- encourage business to invest in job creating capital investments
Zero-based budgeting for all federal agencies -- make federal departments justify spending each fiscal year (5)
Eliminating redundant or outdated programs (6) and encourage continuous investigation into outdated programs and wasteful spending (7)
Mandate the sale of some of the over $1 trillion in unused federal lands and buildings (8)
Denying State aid without protection from fraud. Require state governments to adopt anti-fraud and anti-theft policies before giving them more money
Allocating a percentage of the federal budget each year to debt reduction
Real reductions in the federal workforce -- offer buyouts for early retirement or automation (9)
Reducing corporate taxes (10) below European rates
Ending all corporate/auto bailouts
Eliminating Government Sponsored Enterprises (GSE's) like Fannie Mae and Freddie Mac
Requiring the federal budget to grow at a rate no greater than inflation
Requiring 2/3 majorities for all tax increases
Requiring all earmarks to:
Go through an open vetting process;
Be scrutinized by the committee system; within the required committee time frames and deadlines;
Have an appropriate federal nexus; and may not be requested for projects that are the responsibility of states and/or local communities to fund; and
Be for a specific purpose, and cannot be awarded to private individuals or companies that have not gone through a transparent competitive bidding process.
These are just a few of the measures I would support to put America back to work, retain jobs at home, and foster private enterprise. Our current path of government employment and confiscatory tax growth is unsustainable. Government can operate smaller, better, and more efficiently. Most importantly government must operate within its Constitutional limitations.
I believe in the American people and the American entrepreneur