He not only wants to extend the Bush tax cuts for the wealthiest 2% (cost $830 billion over 10 years), he wants to pass even more tax cuts for corporations and the wealthy. How will he pay for it? By eliminating earmarks which account for less than 1% of the budget.
Then he said this:
Well, here’s what I think. I think every non-defense department, every non-defense discretionary spending program should be sunsetted every 10 years. Every 10 years, those programs should sunset and we should require that they be reauthorized by Congress. That means they’re going to have to justify their existence. Look at it this way, it’s like term limits on agencies.
If he's lucky enough to get elected to the Senate he should get himself "Congress for Dummies" and study hard because currently every discretionary spending program has to be re-authorized by Congress every year.