Thursday, September 23, 2010

"Pledge to America" Unveiled by Republicans (Full Text) - Political Hotsheet - CBS News

"Pledge to America" Unveiled by Republicans (Full Text) - Political Hotsheet - CBS News

Jobs:
- Stop job-killing tax hikes
- Allow small businesses to take a tax deduction equal to 20 percent of their income
- Require congressional approval for any new federal regulation that would add to the deficit
- Repeal small business mandates in the new health care law.
Cutting Spending:
- Repeal and Replace health care
- Roll back non-discretionary spending to 2008 levels before TARP and stimulus (will save $100 billion in first year alone)
- Establish strict budget caps to limit federal spending going forward
- Cancel all future TARP payments and reform Fannie Mae and Freddie Mac
Reforming Congress:
- Will require that every bill have a citation of constitutional authority
- Give members at least 3 days to read bills before a vote
Defense:
- Provide resources to troops
- Fund missile defense
- Enforce sanctions in Iran

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