Athens congressional candidate Gerrard pitches steady deficit reduction over 10 years | Athens Banner Herald Mobile

28
Jan

Athens congressional candidate Gerrard pitches steady deficit reduction over 10 years | Athens Banner Herald Mobile

Gary Gerrard wants to go to Congress and help solve debt and deficit problems, much like all other Republicans seeking Rep. Paul Broun’s seat.

Perhaps setting Gerrard apart is he doesn’t want to do it too quickly.

In a recent conversation, talking points echoed across the upcoming primary field turned wonky, with Gerrard worrying about a sudden influx of money into the economy shocking inflation to unacceptable levels.

He doesn’t propose an immediate balanced budget, but wants to establish a budget that cuts the deficit by 10 percent of the baseline deficit over 10 years. He wants to reform the tax plan to a flat income tax that kicks in at the federal poverty line — one that affects all income, regardless of if its from payroll or investments.

Those are two key pieces to encouraging businesses, especially those that are sitting on a collective trillions of dollars, to reinvest it, though hopefully without flooding the economy, he said.

“When those are resolved, you’re going to see an economic boom like we’ve never seen in our lifetime,” Gerrard said.

He will face off against a slew of candidates May 20 for the Republican nomination for Georgia’s 10th congressional seat. The open field is part of a trickle-down from Sen. Saxby Chambliss’ announcement he won’t run for re-election, as Broun decided to seek that seat instead of fighting to retain his current one.

Even if Gerrard is elected to a glacial Congress, he promised to put the pain on his own pocketbook until a balanced budget is passed. He pledged not to accept the $174,000-a-year paycheck until both houses of Congress pass a balanced budget.

via Athens congressional candidate Gerrard pitches steady deficit reduction over 10 years | Athens Banner Herald Mobile.

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