Taxes
Give choice of current income tax law or flat 20 percent rate (with $12,500 exemption and some deductions that phase out above $500,000 in income). Exempt qualified dividends and long-term capital gains. Repeal estate tax and levies on Social Security benefits. Cut business rate to 20 percent.
Deficits and budget
Calls plan “Cut, Balance and Grow.” Cut spending, including elimination of Commerce, Education, and Energy departments, with possible cuts in foreign aid and UN funding. Supports balanced budget amendment.
Jobs and growth
Says “cut” and “balance” (see above) will lead to growth. Reduce regulation and promote a domestic energy boom.
Social Security and safety net
Called current system a “Ponzi scheme.” Reforms would raise eligibility age, give people option to put money in private accounts instead. State workers could put money in state retirement funds instea
