[PeterParker]

http://www.ronpaul2008.com/Prosperity#Taxes


http://www.usadaily.com/article.cfm?articleID=239914

Ron Paul offers economic stimulus package to rescue U.S. economy

Larry Fester
Published 01/24/2008 - 1:15 p.m. EST


Presidential candidate Ron Paul offered his economic stimulus package for the nation's ailing economy. Paul’s Comprehensive Economic Revitalization Plan has four main areas of reform. Paul offers massive Tax Reform, Spending Reform, Monetary Reform, and Regulatory Reform.

In the area of tax reform, Paul calls for the elimination of taxes on savings and dividends, repealing the death tax, cutting taxes for working seniors, eliminate taxes on social security benefits, accelerating Depreciation on investment, eliminating taxes on Capital Gains, eliminating taxes on tips, and he supports Mortgage Cancellation Relief Act.


Paul’s proposal may amount to the largest tax cuts in history. He doesn’t stop there. Paul has consistently said that by reducing the size of the federal government to the level it was just ten years ago, federal income taxes could be entirely eliminated. Apparent first steps in that direction are spending freezes.

In the area of spending reform, Paul calls for a freeze to all non defense non entitlement spending. He also mandates a reduction in overseas military commitments which he says will further bolster the U.S. economy.

Paul is the only candidate offering monetary policy reform. Paul largely blames Federal Reserve monetary policy and excessive federal spending for the current economic crises. Paul wants to televise Federal open Market Committee Meetings and expand transparency and accountability at the Federal Reserve. Paul also seeks to return value to our money by authorizing competing currencies backed by Gold and Silver.

Paul also wants regulatory reform and calls for a repeal of Sarbanes Oxley and wants a host of other federal regulations removed.

Paul’s outline for a Comprehensive Economic Revitalization Plan differs from John McCain’s recent statements on the issue because Paul does not support deficit spending and seeks spending freezes.

Paul’s calls for reduced overseas military commitments differ from his opponents as well.

His proposed monetary reform also sets him apart from opponents in either party. Paul has been an outspoken critic of Federal Reserve inflation policies and supports a Gold Standard. He recently said on the Glenn Beck Radio show that former president Ronald Reagan confided his concerns about the U.S. departure from the Gold Standard, because he said that a study of history shows that all nations that eliminate the gold backed money decline.

The U.S. departed from a gold backed currency in 1971.

Paul is the ranking member on the House Financial Services Committee's Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Paul's supporters often point out that the Congressman has never voted for a tax increase or for an unbalanced budget.

Read this book for one view/commentary on the Gold Standard, a Nation's currency and it's influence:

http://www.amazon.com/Gold-Future-Money ... 0470047666

The world's commercial centers have used one or another variant of a gold standard for most of the last three millennia. And for good reason: gold forces governments to be fiscally responsible and it provides a stable environment for rapid economic growth as well as a safe environment for individual investors to grow their own wealth.

For the last thirty-five years, the U.S. government has been able to "print" money at will. If history is any guide, this government will do as all governments have in the past: overprint, causing the currency to crash. Inevitably, they will be forced to return to the gold standard, but at great expense and with considerable suffering. Investors who are not prepared will suffer the most...