Someone really does “get it.”
During an afternoon speech in Las Vegas ahead of Tuesday’s debate, Paul will say that his plan for $1 trillion in cuts will create a balanced federal budget by the third year of his presidency.
…he’ll propose immediately freezing spending by numerous government agencies at 2006 levels, the last time Republicans had complete control of the federal budget, and drastically reducing spending elsewhere. The EPA would see a 30 percent cut, the Food and Drug Administration would see one of 40 percent and foreign aid would be zeroed out immediately. He’d also take an ax to Pentagon funding for wars.
Medicaid, food stamps, and other programs would be block-granted to the states. More from the article:
Paul would also make far-reaching changes to federal tax policy, reducing the top corporate income tax rate to 15 percent, eliminating capital gains and dividends taxes, and allowing for repatriation of overseas capital without tax penalties. All Bush-era tax cuts would be extended.
Let’s see what the establishment boys and girls will do with this. Likely, they’ll propose borrowing and spending instead. Time for more anti-Ron Paul states to move their republican primaries forward!
I’ve downloaded the plan and will be reporting on details shortly.
