In the last three years, 2.4 million Americans have lost jobs. 45 million Americans now rely on food stamps just to feed their families. Our debt has swollen by $4 trillion, and our national credit rating has been downgraded for the first time in history.
Make no mistake: under President Obama, it is midnight in America.
With so much at stake, America can no longer afford lukewarm half-measures from politicians who shrink from the fight for fear of offending the Washington elite.
Establishment politicians got us into this mess, and they cannot get us out of it by tinkering at the margins of a system that is completely and utterly broken.
While the establishment believes Washington can be fixed with a pair of tweezers, I know that it will require a sledgehammer.
The first step to get America working again is to end the IRS as we know it with a 20% flat tax that is simple enough to file on a postcard. My Cut, Balance and Grow plan gives every American a choice: either continue to pay the current tax rates, or opt for a new flat tax with a higher standard exemption and deductions for mortgage interest, charitable donations and state and local taxes.
My plan will cut taxes for every income group and save Americans up to $483 billion in annual compliance costs.