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Source Readings: Political Parties
 
The Contract With America

Balanced Budget and Line-Item Veto

A balanced budget/tax limitation amendment and a legislative line-item veto to restore fiscal responsibility to an out-of-control Congress, requiring [it] to live under the same budget constraints as families and businesses.

Defense

No U.S. troops under U.N. command and restoration of the essential parts of our national security funding to strengthen our national defense and maintain our credibility around the world.

Tax Cuts

A $500-per-child tax credit, begin repeal of the marriage tax penalty and creation of American Dream Savings Accounts to provide middle-class tax relief.

Social Security

Raise the social-security earnings limit, which currently forces seniors out of the work force, repeal the 1993 tax hikes on social-security benefits and provide tax incentives for private long-term-care insurance to let older Americans keep more of what they have earned over the years.

Welfare

Discourage illegitimacy and teen pregnancy by prohibiting welfare to minor mothers and denying increased AFDC for additional children while on welfare, cut spending for welfare programs and enact a tough two-years-and-out provision with work requirements to promote individual responsibility.

Capital Gains

Small business incentives, capital gains cut and indexation, neutral cost recovery, risk assessment/ cost benefit analysis, strengthening of the Regulatory Flexibility Act and unfunded mandate reform to create jobs and raise worker wages.

Reinforcing the Family

Child-support enforcement, tax incentives for adoption, strengthening rights of parents in their children’s education, stronger child-pornography laws and an elderly-dependent-care tax credit to reinforce the central role of families in society.

Legal Reforms

"Loser pays" laws, reasonable limits on punitive damages and reform of product-liability laws to stem the endless tide of litigation.

Crime

An anti-crime package including stronger truth in sentencing, "good faith" exclusionary rule exemptions, effective death-penalty provisions and cuts in social spending from this summer’s crime bill to fund prison construction and additional law enforcement to keep people secure in their neighborhoods and kids safe in their schools.

Term Limits

A first-ever vote on term limits to replace career politicians with citizen legislators.