Dear Conservative Party
Members/Supporters:
The Conservative Party understands that
America is facing long-term and crippling debt problems that need common sense
solutions based on sound economic/budgetary principles. Policies based on
emotional political rhetoric and a failed leftist ideology, however, will only
add to our growing $16 Trillion national debt, continue running annual deficits
and hamper economic recovery.
Raising taxes on the productive elements
of American society is counter-productive. That policy actually decreases tax
revenues, stifles innovation and increases unemployment. That's because most
people earning $250K/year (or more) are small business owners who are the key
economic drivers. Even if we doubled income tax rates on those productive
people, it would only generate enough revenue to run the government for 90
days.
Enacting meaningful and sustained
spending cuts across the board is the ONLY way to reduce debt and deficits.
Base-Line Budgeting and Earmarks must be eliminated. All government programs
must be reviewed and reformed, including Social Security, Medicaid and
Medicare. Except for Defense and Homeland Security, all departments and
agencies must cut spending by at least 5%/year for the next 10 years. Defense
and DHS must freeze spending at 2011 levels for the next 10 years. Of course
ObamaCare must be repealed or defunded. See CP-USA's Budget Roadmap for more
details.
Americans should remember that all tax
and spending Bills originate in the House. Not the President. Not the Senate.
Since they control the House, Republicans have the power of the purse to defund
any program or kill any tax hike. They just don't have the political courage to
exercise that power.
Raising taxes uses an emotional
political tool ("fairness") to solve a fiscal problem (deficits). It's
like using a rope to push a truck uphill. Meaningful spending cuts, however,
are sound fiscal solutions that solve tough fiscal problems.
Bottom Line: Retain current tax rates;
close loopholes and cut spending. It's
better to fall off a $16T cliff now than a $20T cliff later.
---------------------------------
H.
Michael Hervey
Chairman
Source: CP-USA
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