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House Republicans sought to recapture the spirit of their 1994 election landslide Thursday, unveiling a 21-page "Pledge to America" that includes promises to slash taxes, cut government and reverse President Barack Obama's health care reforms.
Among other things, House GOP leaders pledged to permanently extend all of the Bush-era tax cuts due to expire at the end of this year -- including for individuals making over $250,000.
They also proposed giving small businesses a tax deduction equal to 20 percent of their income, while requiring Congress to review any new federal regulations that add to the deficit.
They pushed a domestic spending freeze, with the exception of certain politically sensitive programs such as veterans' benefits.
While stressing the need to reduce spiraling deficits, they did not offer specifics on how to restrain the growth of entitlement programs such as Social Security, Medicare and Medicaid.
Read more: http://www.cnn.com/2010/POLITICS/09/23/gop.campaign.pledge/index.html?hpt=T2
Among other things, House GOP leaders pledged to permanently extend all of the Bush-era tax cuts due to expire at the end of this year -- including for individuals making over $250,000.
They also proposed giving small businesses a tax deduction equal to 20 percent of their income, while requiring Congress to review any new federal regulations that add to the deficit.
They pushed a domestic spending freeze, with the exception of certain politically sensitive programs such as veterans' benefits.
While stressing the need to reduce spiraling deficits, they did not offer specifics on how to restrain the growth of entitlement programs such as Social Security, Medicare and Medicaid.
Read more: http://www.cnn.com/2010/POLITICS/09/23/gop.campaign.pledge/index.html?hpt=T2
