Endorsed By:
Election Countdown
| Point 1 - Tax Cuts & Balance the Budget |
| Ten Points |
| Written by Todd Sharkey |
| Thursday, 04 March 2010 01:01 |
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We can no longer live in a country that continues to spend more money than we have. We must stop borrowing from our childrens' and grandchildrens' futures. This can be done two ways: cutting taxes to generate economic growth and cutting spending to bring back confidence in the U.S. dollar.
Government’s problem is not that we don’t tax the rich enough. It is that our Representatives spend too much money and they want to continue to add more programs like health care to the budget.
We must get our economy moving forward by cutting taxes for everyone including: the elimination of the capital gains tax to encourage investment and the dropping of the corporate tax rate to 5% to help U.S. companies compete with foreign businesses. History proves to us that cutting taxes will grow our economy, and as our economy grows, the amount of money the Federal government receives will go up without raising taxes. It really is just simple math. President Reagan understood the correlation between the economy and the budget.
We must simplify our tax system, make it more fair and bring the rates down for all who work and earn. We must think anew and move with a new boldness, so every American who seeks work can find work, so the least among us shall have an equal chance to achieve the greatest things -- to be heroes who heal our sick, feed the hungry, protect peace among nations, and leave this world a better place.
The time has come for a new American emancipation -- a great national drive to tear down economic barriers and liberate the spirit of enterprise in the most distressed areas of our country. My friends, together we can do this, and do it we must, so help me God.
From new freedom will spring new opportunities for growth, a more productive, fulfilled, and united people, and a stronger America -- an America that will lead the technological revolution and also open its mind and heart and soul to the treasures of literature, music, and poetry, and the values of faith, courage, and love. - President Ronald Reagan - Second Inaugral Address (January 21, 1985)
Here are some other important items related to being more fiscally responsible:
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Budget Disaster
President Obama's Budget
- Would permanently expand the federal government by 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
- Would raise taxes onall Americans by nearly $3 trillion over the next decade;
- Would raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;
- Would borrow 42 cents for each dollar spent in 2010;
- Would run a $1.6 trillion deficit in 2010--$143 billion higher than the recession-driven 2009 deficit;
- Would leave permanent deficits that top $1 trillion as late as 2020;
- Would dump an additional $74,000 per household of debt into the laps of our children and grandchildren; and
- Would double the publicly held national debt to over $18 trillion.
Source: Heritage Foundation calculations based on U.S. Office of Management and Budget, Budget of the United States Government, Fiscal Year 2011 (Washington, D.C.: U.S. Government Printing Office, 2010), pp. 146-179, Tables S-1 through S-14. Also includes the cost of House-passed cap-and-trade bill, which President Obama endorsed yet excluded from his budget tables.
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Todd's Pledge
As a Constitutional Conservative representing the people of Northeast Ohio...
I pledge to uphold the Constitution of the United States of America by enacting legislation and reform that will protect the freedom of the American people and limit the power of the federal government.
I will endeavor to protect the liberties of the American people.
I pledge to begin working toward a federal government that will reestablish the rights of the people and the states as they are protected within the Constitution through the 10th Amendment.
Famous Quotes
"Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have."
-President Ronald Reagan
"Experience should teach us to be most on our guard to protect liberty when the Government's purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal well meaning but without understanding."
- Louis D. Brandeis