Ron Paul’s plan is to cut $1 trillion from the federal budget in the first year of his administration.
Ron Paul would eliminate five Cabinet-level agencies: Commerce, Education, Energy, Housing and Urban Development and Interior. He would also end the Transportation Security Administration and zero-out all foreign aid. He would pare back most other programs to 2006 spending levels (pre-financial crisis).
* Corporations would see tax rates drop to 15 percent from 35 percent.
* The Bush-era tax cuts would all be extended.
* Estate taxes would be abolished, as would taxes on personal savings.
* He wouldn’t end Social Security, but he would let young people opt out of the retirement program.
* Ron Paul would allow $1 trillion sitting in corporate bank accounts overseas to be repatriated tax-free.
Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.
Conducts a full audit of the Federal Reserve and implements competing currency legislation to strengthen the dollar and stabilize inflation.
Ron Paul plans to immediately recall all troops from all wars
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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