John Rice: A plan for cutting taxes and spending | SkyHiNews.com

John Rice: A plan for cutting taxes and spending

To the Editor:As a Tea Party member, I would like to present the following response to President Obama’s request for specific suggestions on how to change national government spending and taxation. This is my opinion only. Reduce spending: Remove all unspent stimulus money from spending and apply it to the national deficit. When TARP money is repaid, apply it to the national deficit only. Prohibit all future earmarks and cancel any unspent portions of current earmarks. Totally revoke Obamacare (all 2000-plus pages worth) including all non-medical aspects of the bill. Cancel all current retirement plans for the president, Congress, and all federal employees (excluding the uniformed military) and replace with a 401K plan and Social Security. Cancel all federally funded medical coverage plans for the president, Congress, and all federal employees (excluding the uniformed military) and replace with plans available to all Americans (citizens & LEGAL immigrants). All members pay the same rates and deductibles. Reduce – uniformly – all federal employment (excluding uniformed military and border security agency) by 20 percent and then freeze new hire and wages for at least two years.Reduce Taxes: Extend the 2001 and 2003 Bush tax cuts across the board for two years (if not permanently). Reduce business tax rates to a level comparable to our international friends and competitors. Over the next two years replace the current federal income tax with a uniform flat tax rate that is applicable to all and has no deductions or surcharges. Prohibit creation of any new tax form (e.g.: VAT tax) for the foreseeable future.John RiceParshall

Go back to article