Paul to introduce alternative plan to Herman Cain's 9-9-9
Paul plans to announce a very specific plan to cut taxes by eliminating $1 Trillion in spending. The spending would be phased out over a three year period. Ron Paul says that in three years, income taxes would be lower, the budget would be balanced, and American would be more conducive for starting and growing a business.
- Eliminate the Department of Education.
- Eliminate the Department of Housing and Urban Development.
- Eliminate the Department of the Interior.
- Eliminate the Department of Commerce.
- Eliminate the Department of Energy.
- Elimination of the TSA.
- Withdraw of US troops from combat operations overseas.
- 30% reduction in spending on the EPA.
- 40% reduction in spending on the FDA.
- Elimination of foreign aid.
- 10% overall reduction in Federal workforce.
- Full audit and elimination of secrecy in the Federal Reserve Bank
Income tax brackets would be lowered with the max bracket being 15%.