Ron Paul Proposes $1 Trillion In Spending Cuts : Planet Money Republican presidential candidate Ron Paul is set to formally announce his plan for the economy this afternoon, but here's a preview.
NPR logo Ron Paul Proposes $1 Trillion In Spending Cuts

Ron Paul Proposes $1 Trillion In Spending Cuts

Republican presidential candidate Ron Paul is set to formally announce his plan for the economy this afternoon, but a bunch of media outlets have a preview. Here are some highlights:

-- Eliminating the Departments of Education, Energy, Commerce, Interior and Housing and Urban Development

-- Cutting the number of federal employees by 10 percent

-- Lowering the corporate tax rate from 35 percent to 15 percent

-- Limiting his presidential salary to $39,336

-- Removing Medicaid, food stamps and other family support programs from the federal budget and financing them through block grants to the states

-- Repealing Dodd-Frank and the Sarbanes-Oxley Act

-- An audit of the Federal Reserve

For much more about Ron Paul and his Republican rivals, check out NPR's politics blog. Also, we want to know what you want Planet Money to cover this election season, drop us a line here or send us an email.