Taxes and Spending

PREMISE: Politicians from both parties in Washington, D.C. have spent too much money on too many programs for far too long. We must establish strict spending limit, conduct a stem-to-stern review of the federal government, reform entitlements and institute the line-item veto if we’re going to bring fiscal discipline and strong management back to Washington.

CHALLENGE: The American people are sick and tired of out of control federal spending. Overspending has led to deficits and an increasing national debt. The competition for pork barrel spending and the prevailing practice of out of control earmarking has contributed greatly to a culture of corruption in Washington that has tarnished both parties and led to a lack of faith and trust in America's elected representatives.

 

PLAN: Bring Fiscal Discipline And Strong Management To Washington

 

Establish Strict Spending Limits. Veto domestic nondefense discretionary appropriations that increase spending by more than inflation minus one percent.

 

 

Conduct Stem-To-Stern Review. Re-examine and evaluate all federal spending programs to identify waste, duplication, and inefficiencies that can be eliminated.

 

 

Reform Entitlements. In a forthright and bipartisan manner, the President and Congress need to address the looming budget crisis caused by increasing entitlement spending.

 

Institute The Line-Item Veto. Give the President the same power held by most state governors, to veto individual elements of a spending bill and strip out unnecessary spending.

 

Give President Flexibility. Authorize the Executive Branch to spend up to 25 percent less than Congress appropriates for a given project or agency.

 

Restore Supermajority Requirement. Impose congressional rule requiring a three-fifths (60%) supermajority to pass any law that would raise taxes.