text: administer Medicaid and other joint federal-state social welfare programs (SCHIP, food stamps, etc.) through block-grant funding mechanisms to the states
  Revenue changes:
  cut the top corporate tax rate to 15% (down from 35%)
  allow companies to repatriate capital without additional taxation
  permanently extend the Bush administration tax cuts
  eliminate capital gains and dividends taxes
  eliminate estate and gift taxes
  end taxes on personal savings
  sell federal lands and other federal assets
  Other economic and regulatory measures:
  repeal the new healthcare law ("Obamacare") as well as the Dodd–Frank and Sarbanes–Oxley financial services and banking regulations
  cancel certain "onerous" regulations instituted under executive order by previous presidents
  conduct a full audit of the Federal Reserve
  seek competing currency legislation "to strengthen the dollar and stabilize inflation"
  Social Security and Medicare commitments to older workers and retirees would be honored, while workers younger than 25 would be given the option to opt out of participating in these programs. The Veterans Administration would be the only agency whose funds would be maintained at current levels of growth. Federal-state social welfare programs like Medicaid would be shifted from the mandatory section of the budget to the discretionary section, so that Congress would need to approve funding allocations each year.