House Republicans on Thursday will issue a legislative blueprint called "A Pledge to America" that they hope will catapult them to a majority in the November elections. Its goals include a permanent extension of all the Bush-era tax cuts, repeal of the newly enacted health care law, a cap on discretionary federal spending and an end to government control of the mortgage giants Fannie Mae and Freddie Mac.

With control of the House, the Republicans said they would seek to immediately cancel any unspent money from last year's $787 billion economic stimulus program, to freeze the size of the "nonsecurity" federal work force, and to quickly cut $100 billion in discretionary spending. But the blueprint, with echoes of the 1994 Contract With America, does not specify how the spending reductions would be carried out.

Read the entire New York Times article here.