On Monday, October 17th Republican Presidential candidate Ron Paul released his “Plan to Restore America”. The plan outlined some bold objectives for his first term in office if elected including $1 trillion in cuts the first year and a balanced federal budget by year 3. Dr. Paul does this all without raising any taxes. In fact, he lowers and eliminates some! The plan calls in a reduction of corporate tax to 15%, and the elimination of capital gains tax, the “death tax”, and taxes on personal savings accounts, while extending the Bush tax cuts. In order to achieve the massive spending cut, the government workforce will be reduced by 10% through attrition and the Departments of Energy, Commerce, Interior, Education, and Housing and Urban Development would all be eliminated with certain functions moving to remaining departments.  The plan will end the wars and cut all of that funding, while maintaining Defense spending and cutting all foreign aid.  It will cap all Federal Government spending at 2006 levels as well as abolish the TSA and turn those security duties over to the private sector. To foster an environment in which the economy can recover and jobs can be created Dr. Paul […]