Independent American Party
National Platform

6.  ECONOMY

Free Enterprise

We favor terminating government competition with free enterprise, including government ownership, subsidy, bailout, and direct control of businesses. We support divesting the government of its commercial enterprises, and selling them to competitive, American owned private businesses. We oppose governmental wage and price controls because they interfere with free enterprise and market-driven competition. We oppose agricultural and business subsidy programs as both unconstitutional and unnecessary.

We maintain that no services, essential to public need, should be jeopardized by strike or collective bargaining. We favor the elimination of OSHA, which has acted as judge, jury, and prosecutor in violation of the Bill of Rights. We deem their guidelines as advisory only for employers and insurance companies. We favor Right-to-Work laws.

Taxation

We maintain that there is an urgent need for substantial tax reforms that would eliminate income, property and estate taxes, and taxes on necessities to lighten tax payer burdens and curb wasteful government spending. For example, we oppose the use of tax dollars to finance art, literature, speech or actions. We support the elimination of the National Endowment for the Arts.

We maintain that the Internal Revenue Service has used its powers arbitrarily, punitively and tyrannically to harass and sometimes devastate honest tax payers. We favor eliminating the IRS and repealing the 16th Amendment, thus restoring the original Constitutional scope and intent of taxation.

Money and Banking

We affirm that the Federal Reserve is a private business, owned primarily by international bankers, operating under the deception of a government entity, which annually extorts, for their personal use, hundreds of billions of dollars in interest on the national debt from the American public with government cooperation.

We believe the power to issue money should be taken from the Federal Reserve (and its banks) and restored to Congress and the people to whom that power rightfully belongs. We favor a total reform of the banking and credit card industry which currently exploits from us an average of 26% of our lifetime earnings in usury or interest.

We favor the repeal of the National Bank Act (Federal Reserve Act), and favor the seizure and audit of the Federal Reserve System, the outlawing of fractional reserve banking, and disavowal of Federal Reserve claims upon us and our properties for the national debt.

We favor investigation into and prosecution of all American banks, corporations, and their owners, etc., who participate in unconstitutional and treasonous activities via a global economic system.

Commentary:

Platform - Economy     (National Chairman's Letter - September 2003)