The 2012 platform supports reducing the role of the United States federal government through cutting bureaucratic regulation, reducing spending, and replacing the income tax with a tariff-based revenue system supplemented by excise taxes. The party also takes the position that the "imposition [...] of Federal income, payroll, and estate taxes [...] is an unconstitutional Federal assumption of direct taxing authority". The party also supports the prohibition of Fractional-reserve banking and the return to the Gold standard saying quote "The Constitution forbade the States from accepting or using anything other than a Gold and Silver based currency" as stated in the 2016-2020 platform.