We have overlapping programs throughout the government with little or no information on how well they deliver services to the taxpayers. We need to find out where we are getting results and where we aren t, and adjust federal spending accordingly. Once we ve paid down the debt that can be retired, walled off Social Security funds where they can t be drained for other government spending, and increased spending for America s priorities, we face the question of how to use any additional surplus dollars. If they aren t returned to the taxpayers, they can only be spent in Washington, creating new government programs or buying up private assets. Government is big enough, and it has no business owning private companies.
People make better decisions than government about how to spend their money.
That s why we must eliminate structural overtaxation and let people keep more of what they earn. Today the federal individual income tax burden is higher than at any other time in our nation s history. We have no business taking from taxpayers more than it costs to pay for agreed public purposes. The President has proposed tax relief that reinforces the values that make America great opportunity, entrepreneurship, strong families and individual success. First, the President has proposed reducing income taxes for every American who pays income taxes.