Join us April 15th from noon to 4pm at the Upper Senate Park at the US Capital for this exciting effort. Freedomworks and the below conservative leadership are presenting an ambitious plan to draft legisation to curtail government. Please join us in this effort and visit with your legislators to support their efforts. Details will be send out shortly to sign up.

THE NEW FAIR DEAL

prin·ci·ple/ˈprinsәpәl/ Noun

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or

for a chain of reasoning.

I. The Congressional Writers

1. Rep. Jeff Duncan (R-SC)

2. Rep. Jim Jordan (R-OH)

3. Rep. Doug Lamborn (R-CO)

4. Rep. Tom McClintock (R-CA)

5. Rep. Mick Mulvaney (R-SC)

6. Rep. Mike Pompeo (R-KS)

7. Rep. Tom Price (R-GA)

8. Rep. Reid Ribble (R-WI)

9. Rep. Justin Amash (R-MI)

10. Rep. Mark Meadows (R-NC)

11. Rep. Matt Salmon (R-AZ)

II. The Bills

New Fair Deal Consolidating and Eliminating Outdated Subsidies [CEO’S] Act (Mulvaney)

New Fair Deal Busting America’s Rigid Outdated & Needless Subsidies [BARONS] Act (Pompeo)

New Fair Deal Consolidating and Reducing Outdated Needless & Inefficient Energy Subsidies [CRONIES] Act

(McClintock)

New Fair Deal Tax Fairly Act (Ribble)

New Fair Deal Corporate Income Tax Reform Act (Salmon)

New Fair Deal Bailout Prevention Act (Amash)

New Fair Deal Stop Overspending Act (Mulvaney)

New Fair Deal Patient-Centered Care Act (Price)

New Fair Deal Welfare Reform Act (Jordan)

New Fair Deal Freedom IRA [Social Security reform] Act

NOTES: Titles subject to change before introduction.

Titles in red to be introduced on Monday, April 15th. Title in blue to be introduced week of April 15th. Additional bills may be added. Bills to be introduced on a regular basis through the summer 

 

III. Detailed Summary

The New Fair Deal, or NFD, is the beginning of what we hope will be a legislative revolution. It's a

bold, forward-looking reform agenda, built around four pillars, rooted in American principles. A

package of about a dozen bills promoting the four pillars will soon be introduced in Congress. The

four pillars are:

1. End Corporate Handouts

2. Tax Fairly

3. Stop Overspending

4. Empower Individuals

 

1. End Corporate Handouts.

 

Pillar One demands an end to corporate welfare: No special favors for

special interests. Treat all citizens alike. Period. In its limited capacity, our government was

conceived to serve the many, not a favored few. These days, too many politicians create too many

earmarks, grants, tax favors, and loan guarantees for political allies and privileged industries.

Corporate welfare—meaning policies that risk taxpayer money to pick winners and losers in the

marketplace—is not only unfair, it’s inefficient. It slants the playing field in favor of crooked

monopolies and drives up prices for consumers. It plants the seeds of costly taxpayer bailouts. Let’s

end it.

Highlights:

1. Seeks to level playing fields and prevent costly future bailouts.

2. Eliminates the special subsidies to the sugar industry--subsidies that that benefit a tiny

handful of rich “sugar moguls” while needlessly driving up food costs for families and

businesses.

3. Eliminates special tax breaks for energy producers, including wind farms and plug-in vehicles.

4. Repeals loan and grant programs for “advanced technology vehicles” and “broadband

technology.” Such programs risk taxpayer money to pay businesses to do what they would do

anyway with their own money.

5. Ends taxpayer subsidies for high-speed rail and railroad track maintenance. Profitable

railroad companies can easily fund themselves; why should taxpayers subsidize unprofitable ones?

6. Terminates agencies whose mission is to subsidize industry, such as the Economic

Development Administration and the Appalachian Regional Commission.

 

2. Tax Fairly.

 

Pillar Two calls for a fair and equal tax system. No more pitting us against each other.

Today’s hopelessly complicated tax structure unfairly pits one American against another. Marriage

penalties, arbitrary annual extenders, and special-interest tax breaks typify a massively complex and

inefficient tax code—and needlessly divide us. Why not sweep all that away and replace it with a

system that’s simple and fair to all? Under the New Fair Deal, distorting “credits” and deductions will

be eliminated, today’s seven brackets will be reduced to just two, and taxation will be much more

simple and efficient for everyone.

 

Highlights:

1. Replaces today’s hopelessly complicated income tax code with a simple, two-rate flat tax

system.

2. Establishes a new universal, 1% “skin-in-the-game” tax, so everyone pays something.

3. Eliminates most credits, deductions, and exemptions, but retain a generous standard

deduction and deductions for charitable donations and mortgage interest.

4. Eliminates the marriage penalty through doubling.

5. Repeals the Death Tax and the Alternative Minimum Tax.

6. Members have also discussed eliminating the corporate income tax.

 

3. Stop Overspending.

 

Pillar Three suggests the unthinkable—our government should live within its

means. It’s time to diminish the massive burden of debt that’s strangling our economy and

threatening our future. The New Fair Deal will put an end to automatic spending increases. Instead, it

will lower total federal spending by one percent each year to produce a balanced budget within a

decade. And NFD keeps the budget balanced through other process reforms and program reforms

and eliminations. Just don’t expect us to spare any sacred cows.

Highlights:

1. Ends baseline budgeting. No more automatic spending increases.

2. Reduces federal spending by at least 1 percent a year, until the budget is balanced, and keeps

it balanced by ending baseline budgeting and eliminating numerous specific programs and

agencies, especially those that primarily benefit special interests.

 

4. Empower Individuals.

 

Pillar Four promotes individual empowerment through ownership and

choice. People should have the freedom to pursue their dreams. Government health care, welfare,

and retirement programs were established as safety nets. They are that--but they also ensnare

people in a web of dependency, coercion, and ever-rising taxes. What’s more, they drive up the

national debt and raise every family’s health care costs. Some of these programs offer a young

people a bad deal: taxes always go up, but “guaranteed” benefits may not be there when needed.

 

The “social charter” is showing its age, and needs to be renewed on a more solid footing. The New

Fair Deal says: “Let’s ensure security to the poor and elderly. But let’s also convert hammocks into

springboards. Let’s make entitlement programs financially sustainable—and less coercive. Let’s

deprive no one of what is properly his—but let’s respect every individual’s dignity through greater

ownership and freedom of choice.”

 

Highlights:

1. Makes social-welfare entitlements secure for the poor and elderly, sustainable for taxpayers,

and more voluntary for everyone.

2. In place of burdensome mandates and costly bureaucracy, NFD includes robust reforms to

reduce the cost of health care for everyone.

3. Makes health care costs 100 percent deductible for all patients.

4. Lets everyone have access to a tax-advantaged Health Savings Account.

5. Provides generous targeted help to the one percent of Americans who can’t afford health

insurance due to a pre-existing medical condition.

6. Greatly expands Medicare seniors’ choices. Let them choose between original Medicare and a

private Medicare Advantage plan, or even enroll in the Congressional Health Care plan.

7. Reestablishes the original policy of allowing seniors to disenroll from Medicare without

penalty.

8. Permits seniors to pay their doctors directly to obtain the health care services they need,

without losing their Medicare.

9. Returns means-tested welfare, including Medicaid and food stamps, to the states, who can

better manage these programs.

10. Members are discussing ways to make Social Security more voluntary and a better deal for

younger workers, while protecting it for future generations.

 

In Liberty,

Lisa Miller

Tea Party WDC

Views: 43

Reply to This

© 2021   Created by Lisa Miller.   Powered by

Badges  |  Report an Issue  |  Terms of Service