"The federal government has taken too much tax money from the people, too much authority from the states, and too much liberty with the Constitution." Ronald Reagan
Out of Control Spending - By simply taking federal spending back to 2007 levels as suggested by Sen. LeMieux (R-FL), we can balance the budget and make a $163 billion down payment on the national debt by 2014. Most Americans have cut back much more than that and it’s time for Washington politicians to do the same.
Ballooning National Debt - The problem is not that the American people are taxed too little, but that the government spends too much. Adding to the debt by $1 trillion every year is totally unsustainable and the fix is simple. The American people do it every day; we don’t spend money we don’t have.
I support a Balanced Budget Amendment that prohibits deficit spending unless it is specifically authorized by a super-majority (such as >60%) of both Houses of Congress for national emergencies or war. Any vote authorizing deficit spending should be a roll-call vote and valid for a maximum of one year only. This will ensue that priorities such as out nation’s security will continue to be met.
Earmarks - Pork-barrel politics circumvent the oversight and accountability of the normal competitive, merit-based appropriations process. I will join Senators DeMint, Coburn, Lemieux and Representatives Flake, Campbell, Shadegg and Ryan (and many others) in personally supporting spending reform in Congress by refusing to seek, support, or enact earmarks.
Jobs and the return to an “opportunity society”. In order to allow American businesses to be competitive in a global economy and create American jobs, I support four reforms:
Tax reform. A flatter, fairer tax system will provide the simplicity, efficiency and predictability that businesses need and the American people deserve. I support preserving the 2001 and 2003 individual tax cuts, the permanent elimination of taxes on capital gains, dividends, interest and death. I also support payroll tax reductions on employees and job-creators and reducing taxes on businesses across the board. Lower taxes on businesses and individuals will also increase revenue as it did under JFK, Reagan and Bush, which will go to deficit reduction, not increased spending.
Regulatory reform. The creation of a five year maximum “Sunset provision” on all new legislation and regulation will ensure that they are reevaluated on a regular basis. For past regulations, I support government agencies justifying their existence every five years after a proper review by Congress that includes cost/benefit justification.
Incentive reform. Instead of picking winners and losers through the political process or failed 5-year government “plans”, I support allowing businesses to compete for consumers approval in the free market to ensure the best use of resources. No more Bailouts and payoffs to the politically connected.
American energy reform. I strongly oppose Cap-and-Trade energy tax schemes. We need an “all of the above” energy policy that allows consumers to tell us which energy is best now and which energy holds the most promise for the future. Instead of subsidizing the exploration of foreign supplies of oil or choosing winners and losers in the alternative energy market, we need to utilize modern, safe technologies to create millions of American jobs in American companies. This has the added benefit of improving our national security by making us less dependent on foreign oil.
The government's view of the economy can be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan