Thursday, January 24, 2008

Ron Paul Unveils a REAL Economic Stimulus Plan

Congressman Ron Paul unveiled a comprehensive economic revitilization package today that takes a four-pronged approach to breathing life in our ailing economy. The details can be found here, but the highlights of the plan are as follows:

1. Tax Reform: Reduce the tax burden and eliminate taxes that punish investment and savings, including job-killing corporate taxes.

2. Spending Reform: Eliminate wasteful spending. Reduce overseas commitments. Freeze all non-defense, non-entitlement spending at current levels.

3. Monetary Policy Reform: Expand openness with the Federal Reserve and require the Fed to televise its meetings. Return value to our money.

4. Regulatory Reform: Repeal Sarbanes/Oxley regulations that push companies to seek capital outside of US markets. Stop restricting community banks from fostering local economic growth.