I support lower taxes for all and strongly supported President Trump's Tax Cut and Jobs Act, which lowered taxes on job creators and individuals. I don't believe in talk about how we need to "pay for" tax cuts. That's Washington speak. I start from the idea that your money is YOURS and Washington tries to take too much of it whenever it can.
EMPOWERING PEOPLE -- NOT WASHINGTON
Tax cuts create jobs, prosperity and wealth. They empower us to spend our money how we see fit, and they keep money out of the hands of Washington bureaucrats.
In fact, the Lowcountry, specifically Charleston, has one of the lowest unemployment rates in the nation at 1.86 percent. I talk to business owners who are reaping the benefits of tax cuts and a booming economy paying entry-level employees $15 per hour and some are raising it to $20 -- on their own -- because when the economy is robust, wages increase. When Washington gives individuals and businesses more of their hard-earned dollars, our economy flourishes.
TACKLING THE DEBT
The federal budget deficit will reach $1 trillion in 2020 and our growing economy will slow according to the Congressional Budget Office. Nobody in Washington -- not Republicans nor Democrats -- is taking responsibility for the crippling debt. Medicare and Medicaid will cost us almost $6 trillion dollars in less than a decade. Unfunded pensions eclipse $122 trillion, with another $35 trillion on the way in just the next 4 years. The spending in Washington is out of control. As a single mom, I know what it's like to balance a budget, and I'll bring that same focus to Washington DC.
THE PENNY PLAN
DC is running our government by way of deficit spending and it isn't because we have a revenue problem. You and I both know DC has a spending problem -- a big one. To achieve a balanced budget, DC must reign in spending.
In order to balance the budget in five years, I support the Penny Plan. The Penny Plan does away with baseline budgeting, which assumes that government should bring in, at a minimum, the same amount in taxes that it received from taxpayers the year before. I don't know about you, but this isn't how my household operates.
The Penny Plan would require our government to spend one penny -- just one penny -- less than the following year for every dollar the government spends. It's known as the 1 percent solution. Our debt hamstrings our seniors, kids, and families, and the only solutions coming out of DC to manage the debt? Tax increases. To restore sanity in our government's budgeting system, and to restore trust in government for the taxpayers, it's time to tackle Washington DC's spending issue once and for all.
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