Action Plan

Josh Dowlut
www.joshdowlut.com
joshdowlut@gmail.com

Problems

• ~10% unemployment as far as the eye can see
• Deficits 10% of GDP and 40% of spending
• Stagnant real wages for the last 40 years
• You could flat out eliminate every program outside of defense and entitlements and you’d still have huge deficits

Growth Solutions

• The best way to expand payrolls is to cut the payroll tax.
• Exempt the first 100 employees from the payroll tax. 95% of all business and 40% of the work force would be exempted from an oppressive, regressive regulatory and tax burden. Revenue loss: $320B/year
• Close the $106k earnings loop hole and revenue neutral adjust everyone’s payroll tax from 7.65% down to 3.5%.
• Encourage states to deregulate small businesses. Aside from the payroll tax, most small business regulation happens at the state level. Regulation is an anti-competitive government aid for big business.
• Replace our centrally planned predatory banking system with a free market honest banking system. End the Fed, return to a gold standard.

Spending Cut Solutions

• Raise full eligibility for Social Security and Medicare to 71. It’s the only solution in keeping with the original intent of Social Security. Savings: $452B/year
• Cut defense spending to inflation adjusted Cold War levels. Savings $260/year
• Close the federal government pay gap over the private sector. Savings $50B/year
• Cut contractor spending 10%. Savings $54B/year
• Zero based budgeting-especially on entitlements. No automatic increases, every department must justify every dollar. Savings undetermined.
• Privatize/end welfare. Replace it with a dollar for dollar tax credit to private charities capped at 10% less than current welfare. Savings: $57B/year
• Cap future spending growth at half of GDP growth
• The result, a realistic plan to balance the budget.
• Keep it balanced through a balanced budget amendment.