Cut Government Waste and Reform Finances and Taxation

Pledge of Renewal Part IV


Requiring our government to adopt pay-as-we-go spending-rules based on fair and just taxation: All Federal, State, and local taxes, when added together from cradle to grave, must never exceed forty-nine percent of a citizen’s total lifetime income. Any more is slavery. And forty-nine percent is too high except during a declared national emergency. Otherwise, twenty-five percent keeps better faith with our heritage.
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