by George Whitten, Worthy News U.S. Correspondent
WASHINGTON, D.C. (Worthy News)-- House Republicans will unveil a “Pledge to America”, an ambitious and sweeping set of proposed changes, which promises to shrink the size of government and reform Congress, Worthy News has learned.
“America is an idea – an idea that free people can govern themselves … that each of us is endowed by their Creator with unalienable rights to life, liberty and the pursuit of happiness,” they write in their introduction.
“The need for urgent action to repair our economy and reclaim our government cannot be overstated,” they continued.
"With this document, we pledge to dedicate ourselves to the task of reconnecting our highest aspirations to the permanent truths of our founding by keeping faith with the values our nation was founded on, the principles we stand for, and the priorities of our people. This is our Pledge to America."
Within the 21-page document includes a plan to stop "job-killing" tax hikes and proposes to reduce taxes on small businesses, including a proposal to allow small businesses to take a tax deduction equal to 20 percent of their income to create jobs. Small businesses would be exempted from mandates included under the Democratic health-care program.
Republicans say they want to "repeal and replace" the health-care bill in order to cut spending.
They also want to roll back federal spending to 2008 levels and place strict budget caps to limit future federal spending growth.
They propose to end TARP (Trouble Asset Relief Program) once and for all.
They also want to reform Fannie Mae and Freddie Mac, which is widely blamed for dangerously inflating the housing bubble, by "ending their government take over" and reducing the size of its portfolios.
They pledge to reform Congress by requiring that every bill have a "citation of constitutional authority".
They also propose that every member of Congress be given at least three days to read a bill before a vote is brought to the floor.
Republicans also pledge to keep America strong by providing for the "common defense against all threats foreign and domestic" by providing the necessary resources for the military, funding missile defense along with enforcing sanctions against Iran.
The "Pledge to America" echoes the 1994 Contract with America, which enabled Republicans to gain a House majority for the first time in four decades.