part 5 5 charts/10 years to eliminate the deficit
In addition to putting Uncle Sam on a diet, the Heritage Budget Blueprint would take another big step in reforming and shrinking the tax code, building on the success of the 2017 Tax Cuts and Jobs Act.
Changes to individual and corporate taxes would encourage savings and investment, improve America’s economic competitiveness, and eliminate a variety of wasteful and unfair tax credits.
The above chart points out that the blueprint would reduce taxes by an average of over $23,000 per household over the course of a decade, which would be further supplemented with robust growth in jobs and a return to real after-tax growth in wages.
The Heritage Budget Blueprint provides a strong contrast to President Joe Biden’s big government vision, which imagines that the federal government can run things better than families, state and local governments, and civil society.
We’re seeing firsthand what happens when too much power, money, and control are concentrated in Washington.
It’s time to turn things around and restore the freedom and prosperity that ought to be America’s birthright.