Taxes
Replace income tax with flat tax or “fair tax” (on consumption) after repealing the 16th Amendment, which legalized income tax; no tax on capital gains or Social Security benefits. Repeal estate tax. Cut corporate rate to 15 percent, allow tax-free repatriation.
Deficits and budget
Veto any unbalanced budget; refuse any hike in nation’s debt limit; cut spending faster ($1 trillion in first year); eliminate foreign aid and departments of Energy, Housing, Commerce, Interior, and Education; make his salary $39,336, about median worker income.
Jobs and growth
Slash regulations. End forced union dues. Promote offshore drilling and natural-gas cars. Says Fed interferes with free markets; backs sound-money alternative to dollar.
Social Security and safety net
Allow young people to opt out of Social Security. Calls federal welfare programs unconstitutional and ineffective compared with state or private-sector action.
