How to Save $2 Trillion
2011-07-21 | Filed Under SteveG's Posts |
Here is an email I received from former Representative Alan Grayson. He talks a lot of sense as opposed to the nonsense from the gang of 6 and President Obama.
July 22, 2011.
Alan Grayson sent another email with more suggestions.
- We could let the Bush tax cuts for the rich expire. (“No! No!” shout the Koch brothers.)
- We could let Medicare negotiate the price of drugs, the way that the VA and private insurance companies already do.
- We could require the rich to pay the same percentage of their income toward Social Security and Medicare as the poor and the middle class do. Not a higher percentage – my God, that would be progressive taxation! Just the same percentage.
- We could impose the same alternative minimum tax on giant corporations that we mere humans must pay.
- We could reduce U.S. military spending to a paltry 40% of the world’s total, from the current 48%, which would still leave us spending four times as much as any other nation.
- We could make Warren Buffett pay the same tax rate on his income as his secretary pays on hers, by eliminating the long-term capital gains tax break, the great majority of which goes to the hyper-rich.
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