“We should never despair, our Situation before has been unpromising and has changed for the better, so I trust, it will again. If new difficulties arise, we must only put forth new Exertions and proportion our Efforts to the exigency of the times.” —George Washington
Wednesday, September 22, 2010
The Republican Pledge - a Good, but Tepid Start
Early drafts are leaking out on the Republican "Pledge to America," and it looks like a good start. Here's a summary from CBS and Rumblethoughts alongside:
- Stop job-killing tax hikes Need to go deeper here - we have one of the most non-competitive onerous corporate tax systems in the world. We need fundamental corporate tax reform.
- Allow small businesses to take a tax deduction equal to 20 percent of their income This is a good tactic, a lot of the "rich" the Dems want to tax to death fit here.
- Require congressional approval for any new federal regulation that would add to the deficit 2/3 majority?
- Repeal small business mandates in the new health care law. Kill it, kill it dead.
- Repeal and Replace health care Excellent - espouse free market wisdom here...
- Roll back non-discretionary spending to 2008 levels before TARP and stimulus (will save $100 billion in first year alone)
- Establish strict budget caps to limit federal spending going forward You are going to have to attack the entrenched bureaucracy - how about shutting down all departments not mandated by the Constitution?
- Cancel all future TARP payments and reform Fannie Mae and Freddie Mac No - put Fannie and Freddie into receivership and on the glide slope to be totally shut down.
- Will require that every bill have a citation of constitutional authority
- Give members at least 3 days to read bills before a vote 3-days to read 2000 plus page bills??
Defense: OK stuff here, but we are going to have to get serious about the cost of our overseas commitments - let's shut down foreign aid immediately to those countries that don't support the United States in our efforts to keep the peace?