Ron Paul Releases his OFFICIAL PLAN TO STIMULATE THE ECONOMY

  1. Tax Reform

    • Eliminate Taxes on Dividends and Savings. The basis of capitalism is savings, and Americans who do so should be rewarded.
      o Pass HJ Res. 23 to encourage savings over consumption.

    • Repeal the Death Tax. Attacking small businesses and breaking up family farms smothers growth and kills jobs.
      o Pass H.R. 2734 to make the Bush tax cuts permanent.

    • Cut Taxes for Working Seniors. Grandmothers and grandfathers working to make ends meet should keep all the fruits of their labor.
      o Pass H.R. 191 to amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

    • Eliminate Taxes on Social Security Benefits. That money belongs to seniors, not the government. They paid into the system for a lifetime, and they should be free to spend every penny as they see fit.
      o Pass H.R. 192 to amend the Internal Revenue Code of 1986 to repeal the 1993 increase in taxes on Social Security benefits.

    • Accelerate Depreciation on Investment. We need to help companies grow and create jobs.
      o Pass H.R. 4995 to amend the Internal Revenue Code of 1986 to reduce corporate marginal income tax rates.

    • Eliminate Taxes on Capital Gains. Investment should be embraced and rewarded.
      o Pass H.J. Res 23 (The “Liberty Amendment”), proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

    • Eliminate Taxes on Tips.The single parents and working students who earn their income chiefly through tips deserve to keep all of their money. This tax on “estimated income” is unfair and should be ended.
      o Pass H.R. 3664 to amend the Internal Revenue Code of 1986 to provide that tips shall not be subject to income or employment taxes.

    • Support the Mortgage Cancellation Relief Act. Working families who lost their homes should not be punished a second time with a big IRS bill.
      o Pass H.R. 1876 to amend the Internal Revenue Code of 1986 to exclude from the gross income of individual taxpayers discharges of indebtedness attributable to certain forgiven residential mortgage obligations.

  2. Spending Reform

    • Reduce Overseas Military Commitments. Our bases and troops should be on our soil.
      o It’s time to stop subsidizing our trading partners in Europe, Japan and South Korea.

    • Freeze Non-Defense, Non-Entitlement Spending at Current Levels
      o I vote against all bloated, pork laden spending bills and will veto them as president.

  3. Monetary Policy Reform

    • Televise Federal Open Market Committee Meetings. An institution as powerful as the Federal Reserve deserves full public scrutiny.

    • Expand Transparency and Accountability at the Federal Reserve
      o Pass H.R. 2754 to require the Board of Governors of the Federal Reserve System to continue to make available to the public on a weekly basis information on the measure of the M3 monetary aggregate and its components.

    • Return Value to Our Money. Legalize gold and silver as a competing currency.
      o Level the long-term boom and bust business cycle by passing H.R. 4683, which would repeal provisions of the federal criminal code relating to issuing coins of gold, silver, or other metal for use as current money and making or possessing likenesses of such coins.

  4. Regulatory Reform

    • Repeal Sarbanes/Oxley. It has seriously wounded our capital markets and helped make the UK a financial center at our expense.
      o Ending these misguided regulations would bring jobs flooding back to the United States
      o Pass H.R. 1049 to reform Sarbanes-Oxley and reduce the burden it places on small businesses.

    • Repeal or Remove Costly and Unnecessary Federal Regulations. Neighbors know best how to help their neighbors.
      o We need to make it easier for community banks, credit unions, and other financial institutions to better serve their communities and to help people in these communities get access to credit and capital.
      o Pass H.R. 1869 to enhance the ability of community banks to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes.

:bowdown:

Overall, I like the sounds of it.

However Sarbanes/Oxley is absolutely crippling…but it provides transparency at the cost of extra(extraneous sometimes!) work.

I’d be all for a very reduced version of it, however.

I really like this part:

  • Reduce Overseas Military Commitments. Our bases and troops should be on our soil.
    o It’s time to stop subsidizing our trading partners in Europe, Japan and South Korea.

  • Freeze Non-Defense, Non-Entitlement Spending at Current Levels
    o I vote against all bloated, pork laden spending bills and will veto them as president.

I mean, it’s OUR money, why is that even a big deal?

Some people would have an aneurysm though when their spending kitty to help their friends and pay back favors got capped.

Did you see the debate last night, where Dr. Paul asked McCain, who was going on and on about how much of a economist he is earlier in the debate, what he thought of that Presidents council on financial whatever and he had NO FUCKING CLUE what Paul was even talking about? :rofl:

I know absolutely nothing about Ron Paul, but I do like what I read here. I will have to do some more reseach into the candidates, but it seems like he has some sound tax ideas. I also do not agree with repealing the SOX regulations. Even though it has been expensive to implement, it DOES protect investors and helps to prevent companies from deceptively reporting their finances (and it creates jobs for us accountants :x: )

read up, you’ll like what you hear! :bigthumb:

I like what I see there too. But are you aware of any helpful sites that show each candidate and their stance on the basic issues like taxation, war spending, gay marraige, ect.? And preferably a site that is unbiased. From what I have heard, Ron Paul would probably be my first choice, but I still want to find more about the other candidates.

http://www.ontheissues.org

happy reading!

I like this one…

http://www.ontheissues.org/default.htm

It shows their voting record and intersperses some statements they’ve made as well. Basically tracks their actual record, which you can then compare to what they’re spewing from their mouth today.

After reading up on Dr. Paul, check out what he was saying in 1988…sounds…nearly identical, but the debt, tax, and spending numbers are much larger now.

http://video.google.com/videoplay?docid=7672345130096776268&q=ron+paul+1988&total=100&start=0&num=10&so=0&type=search&plindex=0

Since Congress seems to like to group things together for voting (even if they aren’t related), they should package each tax elimination proposal with a corresponding reduction in spending. After all, less money in has to be coupled with less spending.

not a horrible idea, but they need to cut spending a LOT more than it would take to just “break even”

Thanks! I read where he stands on the issues that I find important and I agree with him on most issues, so I think he will get my vote

in related news, just ordered damn near $100 worth of campaign materials (yard signs, couple of shirts, large magnet for the truck and a couple of bumper stickers for the Maxipad.

:bowdown:

Fan-tastic! Now help spread the word!!! Amaze your friends and family with your new find. Pester everyone at work. Use it as a way to break the ice with chicks at the bar!

  • Televise Federal Open Market Committee Meetings. An institution as powerful as the Federal Reserve deserves full public scrutiny.

thats awesome

Yeah, you’re telling me. That’s unreal.

Can I bring my wife along? :sadwavey:

I won’t even comment on eliminating SOX.

Eliminate taxes on capital gains? So rich people can get richer, and the government has no funds to help out the less fortunate. Are you guys fucking kidding me?

This is the Ron Paul disaster, not revolution. Wow, I am really discouraged by his stance on things now.

Thank god he doesn’t stand a chance of making the Republican nomination!!!

Do you need me to show you the 10 guys that go to dinner analogy again? Maybe you could read it this time.

http://www.crushingchris.com/library/ten_men.htm

No, it would be so the people who are smart and responsible enough to invest their money (and actually make capital gains) can put their money back into the market instead of the government taking it. And don’t get me started on all of the stupid, pointless, wastefull “wellfare” programs that the government over-funds. Our government could be so much more finacially healthy if they cut some of the pointless wellfare programs that perpetuate the wellfare cycle. Instead of just throwing money at people who do nothing for themselves, maybe they should put money into the wellfare programs that actually benefit people in the long run?