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Tweet this storyOn the eve of Tax day – a day when the grassroots movement that is witnessing more than 2,000 TEA Parties across the United States makes its voice heard – the Libertarian Party is proposing a new plan for America. This plan would abolish the income tax, enact a balanced budget amendment to the U..S. Constitution and eradicate corporate welfare.
The Libertarian Party National Chair William Redpath is correct when he says that tens of millions of Americans are angry, fed up and demanding real reform. The question is, is his party’s three-point plan the solution to keeping the government out of our pocketbooks and our personal decisions?
Let’s take a closer look at the plan – then you decide. Here’s an outline of what the Libertarian Party is suggesting:
1. Repeal the Income Tax:
Adopt legislation repealing the income tax and abolishing the Internal Revenue Service. Until the income tax is repealed, adopt legislation preserving the 2001 and 2003 tax cuts and enacting across-the-board income tax cuts..
2. Adopt the Balanced Budget Amendment:
Adopt a constitutional amendment requiring the federal budget be balanced, and balanced exclusively by cutting expenditures, not by raising taxes.
3. Abolish Corporate Welfare and Bailouts:
Adopt federal legislation prohibiting any federal spending program that provides payments or unique benefits and advantages to specific companies or industries, terminating programs that provide direct grants to businesses, eliminating programs that provide research and other services for industries and ending programs that provide subsidized loans or insurance to businesses.
In some ways, this plan sounds better than what the Dems and Republicans are doing on Capitol Hill, but is it realistic? Let us know what you think, and if you have a better plan. Then check back this week to see TEA Party coverage from our Citizen Journalists strategically positioned across the USA to offer multi-media reports the mainstream media won’t offer.
Jennifer LeClaire is the editor of The Voice magazine and author of "Doubtless: Faith that Overcomes the World." You can also visit her online at www.jenniferleclaire.org.
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