from the federal budget in the first year, along with other measures which Paul says would balance the federal budget within 3 years. To achieve these goals, the plan would seek: Spending cuts: eliminate five cabinet-level agencies (Education, Interior, Commerce, Energy, and Housing and Urban Development) privatize the FAA and the TSA cut the federal workforce by 10% cut funding (down from 2006 levels) for the Food and Drug Administration by 40% Centers for Disease Control by 20% Department of Homeland Security by 20% National Institutes of Health by 20% Environmental Protection Agency by 30% Substance Abuse and Mental Health Services Administration by 20% cut the Department of Defense budget by total 15%; eliminate all foreign war funding freeze funding for most other federal agencies at 2006 levels eliminate all foreign aid eliminate international drug programs substantially reduce federal travel eliminate international organizations and commissions 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. The president's salary would be cut from $400,000 to approximately $39,000 per year (the median personal income of the American worker), and congressional pay and perks would be slashed. Paul has stressed that certain essential responsibilities currently performed by agencies that he proposes to eliminate would be assumed by remaining agencies,