Supports a 17 percent flat tax on income in place of all current federal taxes. Plan would eliminate all tax deductions, including those for home mortgages and charitable contributions as well as the capital gains tax. Would exempt first $36,000 of income for family of four.
Supports a constitutional balanced budget amendment that prohibits raising taxes.
Supports cutting taxes to stimulate investment and create jobs.
Supports privatizing Social Security by allowing workers to make contributions to Individual Retirement Accounts instead of to the government.
Supports individual medical savings accounts, from which recipients would be refunded any money not spent on health care each year. Those with savings accounts would also receive full catastrophic coverage for medical costs greater than $3,000.
Much of the information in this report is derived from the official Steve Forbes for President home page and from a survey of periodical literature and interviews concerning Steve Forbes.