
The “deficit commission” has proposed slashing federal spending and increasing taxes in ways that will significantly cost workers. For example, the commission says the federal government should raise the Social Security retirement age to 69, eliminate income tax deductions on health insurance benefits and raise the gas tax by 15 cents a gallon. Other organizations, such as the Citizen’s Commission on Jobs, Deficits and America’s Economic Future, have suggested measures that would cut the deficit more and hurt workers less.
What should be done to cut the federal budget deficit by the trillions of dollars necessary over the next 10 years?
Let All Tax Cuts Expire
Let the Bush tax cuts for everyone expire, plain and simple. We cannot have a government without taxpayers paying the taxes to have it!
Ronnie Young
Retired, USW Local 507
Also former member Commercial, Food, Tannery Workers
Canton, N.C.
Cutting Now Risks Prolonged Recession
The Federal Budget Deficit should be the least of our concerns right now and is being thrust into the national debate by Republicans to distract and prevent us from dealing with far more urgent matters. It is also immensely hypocritical of Republicans who clearly don’t care at all about deficit reduction. Their saint, Dick Cheney, is on record as saying “Reagan proved deficits don’t matter.” The fact that they talk about deficit reduction and extending the Bush tax cuts for the uber-rich in the same breath simply underscores their utter lack of seriousness. And history has shown that deficits grow under Republican administrations and tend to shrink under Democratic ones. That’s clearly quite true over the last two decades.
Cutting spending now seriously risks us getting sucked into the black hole of deflation that we may only emerge from after a decade or more of economic stagnation.
Obama made a huge mistake caving into the Republicans with his lamentable freeze on Federal wages. Instead of worrying about the deficit, we should be taking advantage of the near zero interest rates and engage in massive deficit spending aimed at job creation.
And we could do even more for our future by making the transition to safe, clean, renewable energy the main focus of this stimulus funding.
There is so much important work that needs to be done in this nation. The International Energy Agency recently reversed itself and now admits that “sweet light crude” oil peaked in production in 2006. We need to engage in a WWII level of national mobilization to become massively more energy efficient than we are now. And remember, in WWII almost everybody had a job. There’s no shortage of important work to do and only federal stimulus spending is going to set us on this path. Talking about the deficit is simply ridiculous and massively counter productive. We should not let our enemies frame the national debate.
Alec Johnson
Mansfield, Ohio
Downsize the Elephant: Military Expenditures
The biggest elephant in the room is Military Expenditures. Slashing them by 75% would not be unreasonable nor harm our defense capabilities.
Taxation is next. The rich do not need further tax cuts. Close all loopholes on corporate taxes.
Thomas M. Alba
Ambler, Pa.
Solve Fake Deficit Problem with Tax Code
The federal deficit is the biggest non-problem I have ever seen or heard. It is totally artificial and results from a ridiculous tax policy. Implement the following and the deficit problem would vanish:
(A) INCOME TAX:
(1) Just one filing status
(2) All income (earned, indexed capital gains, interest,
dividends, job benefits, bonuses, gifts, everything)
is treated the same and constitutes gross income.
(3) Subtract $100,000 from gross income to compute taxable
income.
(4) No deductions of any kind. None. Zero.
(5) The portion of the taxable income that exceeds
$1 million is taxed at 60 percent; the rest of the taxable
income is taxed at whatever rate is necessary
to balance the budget plus 5 percent of the national
debt.
(6) Allow income averaging over 5-year periods.
(B) PAYROLL TAX:
Don’t cap the tax: include income after current cap is.
(C) INHERITANCE TAX:
Exempt the first $5 million, 50 percent of everything else.
(D) NON-TANGIBLE ASSETS TAX:
One-tenth of one percent on all non-tangible assets (equities, non-exempt
bonds, etc.) after $10 million. (Considering that the holders
of those amounts typically pay 1 percent for “wealth management
services,” this is not a lot.)
Spending should always be carried out with wisdom, and there probably should be big cuts in defense and military aid to foreign countries. But the deficit “problem” and its solution lie in tax policy. The above tax policy is simple in the extreme, protective of the working and middle classes, not burdensome on the billionaires and would eliminate the national debt in 20 years and keep Social Security solvent for the foreseeable future.
David Arnow
Brooklyn, N.Y.

"Waddya Gonna Do About IT?" 46x48 oil/canvas 1966 Copyright Henry Niese 2010
Tax Wall Street Trades
1. Install a small (3 – 6 cent) tax on all trades in all stock, bond, and OTC trades. There are millions of them every day.
2. A 10-cent or less tax increase on every gallon of gasoline or over-the-road diesel, but no tax on #2 heating oil or any other fuel used for home heating.
3. Legalize marijuana and treat it the same as alcohol, to be taxed and sold in state-controlled stores.
4. Tax industrial and manufacturing use of sugar, and possibly other commodities, edible or inedible, but no tax on sugar, etc. intended for home consumption.
5. Create, sell and distribute a mandatory nation-wide “E-Z Pass” for use on all Federal highways, i.e. the Interstate system and others.
6. Establish controls on off-shore banking and money manipulation.
Henry Niese
Glenelg, Md.
Sniping About Earmarks Won’t Solve the Problem
We need more people paying taxes, and the only way to get there is to have more people building things. I’m not a smart man, but I know that means we need to bring jobs back to the U.S.
I’ve heard Bill Clinton and Jerry Springer both say that cutting their taxes creates no jobs; they just end up a little more rich. So let’s let tax cuts for the rich go by the wayside and instead funnel tax breaks to entities that will create jobs.
I’ve read that business loans are hard to come by, and expensive when found. Maybe the government could lower the cost of business loans by using unspent stimulus money to guarantee these loans so that jobs can be created.
Finally, I don’t think that the recommendations of the President’s Deficit Commission should be rejected out of hand. I’m not necessarily advocating the corporate tax cuts recommended, and I think that before sweeping changes are made to Social Security, it should be totally segregated from the general budget. Difficult decisions will have to be made by brave politicians to get this right.
I just have to believe that a bunch of pork exists in the military budget.
People can snipe all they want about eliminating things like “earmarks” and the “earned income credit,” but killing these is not going to kill the deficit. Good paying manufacturing jobs will increase the tax base and enable workers to rise above the refundable credits. Common sense changes to the tax code and entitlements will help save money.
Daniel E Smith
Former President, USW Local 87
Holland, Ohio
Three Steps to Cut the Deficit
Cut the deficit by:
l. Get out of Afghanistan now, and
2. Stop the $7 million a day to Israel, and
3. Cut down on the number of American military bases in the world starting with shutting down the one in Okinawa, and of course Guatanimo.
Jean Acton Snyder
Greenbelt, Md.
Follow Rep. Frank’s Bipartisan Commission Recommendations
The big elephant is the room is military expenditures, which take up 59 cents of every tax dollar. That’s right 59% of our budget is Department of Defense, war supplemental, Veterans Affairs, and nuclear weapons programs, based on President Obama’s 2011 federal discretionary budget sent to Congress in January 2010 and is being voted on now. U.S. Rep. Barney Frank, chairman of the House Financial Services Committee, appointed his own bipartisan commission to look at ways to reduce America’s bloated military budget. The commission released a report in June 2010, outlining how to cut $1 trillion from the defense budget and reduce the deficit over the next decade, without compromising national security.
The most important part of the report is that we cannot achieve the necessary spending reductions simply by becoming more efficient in what we do, although that is obviously essential. It is imperative that we also reduce the overreach of America’s military involvement in parts of the world where we have no legitimate security interest and in fact often do more harm than good because of the political reaction to our intervention in difficult situations.
Labor’s response must be to the Obama administration—-follow the recommendations of Rep. Frank’s bipartisan commission.
Roger Mills
Steward
AFGE Local 3887, Council 252
Stockbridge, Ga.
First, Reform Campaign Finance
Repair our campaign finance arrangements, with a constitutional amendment if necessary.
Put a tariff on all goods from American companies that have outsourced to a foreign factory.
Break up all outsized banks. They are a threat to the whole world.
Reform our tax system, eliminating all deductions, thus giving the lawyers something to do. Exxon got a refund for their $40 billion profit.
Cut defense spending by half, and end the cost plus arrangements for major arms manufacturers.
End the Bush tax cuts for all income over $250,000.
Remove the cap from Social Security FICA tax. This would eliminate the fiscal problems of both Social Security and Medicare.
David G. Wagner, M.D.
Portland, Ore.
Cut the Military; Tax the Wealthy
Cut the Pentagon’s budget deeply. Tax the wealthy much more. Tax corporations much more.
Robert Bisson
Stuyvesant, N.Y.
Solution is Simple but Hard
Simple but hard:
1. Take the $106,000 cap off FICA.
2. Transfer tax on stocks, bond and derivatives
3. Stop the Wars, Bring the Troops Home
4. End the Tax Breaks for those over $250,000
5. Replace ObamaCare with Medicare for All
This also creates jobs as well as bringing deficits down
Carl Davidson
Aliquippa, Pa.
Create Defense Jobs First
One way to cut the deficient is to create jobs first to stop contracting out our defense contracts. All weapons, uniforms, and all things dealing with manufacturing of ammunition, weaponry, planes, jets, uniforms, even flags should be made in America. And any company that receives any of these contracts and contract out to other countries should be penalized. We can no longer depend upon other countries to defend our country. We are leaving our children and grandchildren defenseless.
Shirley Hamilton
Niagara Falls, N.Y.
Tax at 1960s Rates
Restore income tax rates to what they were in 1960. (The cutoffs for each rate would of course be adjusted for inflation.) Oh, and tax capital gains at the same rate as wages.
Thomas J. Murphy
Bowie, Md.
Create Jobs First
The concern about the deficit is a concern for the future. The proposals being discussed would result in an increase in unemployment. Unemployment is the most important problem facing this nation now.
Most of the proposals decrease the amount of spending one way or another and inevitably result in more jobs being lost.
What is necessary is another stimulus bill big enough (more dollars) which would create more jobs. More jobs mean more taxes paid and thus the deficit begins to be addressed. In the Great Depression the first spending frightened many and a diminution took place. WWII came about and spending escalated. We do not need another world war. We have areas where the Government can spend in the best interest of the people, for example, the infrastructure — that is roads, bridges buildings. A glance at today’s newspapers show that we in the US have lost our preeminence in education. Can you imagine that nations poorer than the United States have surpassed us in math, science and college graduates. A lot needs doing now.
The creation of jobs should be the first and only priority.
John M. Stochaj
Berkeley Heights, N.J.
Impose Tariffs on Imports
Put an end to the world economy that is the biggest cause of our deficit. We need tariffs on imports. This is what would put Americans back to work. As long as corporate America can get a product shipped to the United States, shipped from half way around the world cheaper than they can make it here, they will do it. Right now we have half of the country working jobs paying no federal income tax. lt is a slap in the face of working Americans who try to tell their employers they are underpaid, then these same employers tell us that we are not paying our fair share of taxes. Unemployment is not the biggest problem in American, underemployment is. A living wage for every worker: that is what our unions should be about.
Rick Laird
Louisville, Ky.
Too Much for Top 1 Percent
There is the root cause — PROFIT, accumulating in the hands of the upper 1%. The country borrows and buys so it can wind up in profit sharing and bonus bucks in the hands of the “special GOP favored people.”
John Stone
Las Vegas, Nev.
Organize!
Waste of my time… organize!
Bill Weiss
Morgantown, W.Va.
President Can Reduce Deficit
Here are a few suggestions the President can do without a vote in Congress:
1. All defense contracts and upcoming options are to be issued to U.S.-owned companies using U.S.-only workers. DOD to interpret the Buy American Act that a contract or subsystem purchased for U.S. Defense is from U.S.- owned companies using U.S.-only workers with all systems and subsystems not from Egypt, Germany, or Italy as if they were U.S. companies.
2. Cease all H1 & H2 labor visas and I-9 student visas. Require employers to acquire workers from other regions within the US or to subcontract work to U.S.-owned companies who have ample U.S. workers.
3. All Fannie and Freddie-owned residential property to be used for Section 8 housing, U.S. Military housing and Hospice Housing.
4. Deny foreign taxes and operating expenses to be an authorized tax deduction.
5. Set Social Security at age 55 and paid at the mean level of the national income and set it as a household limit. If the household has more income, then Social Security payments are to be offset by that amount. When the household draws Social Security, the household is no longer part of the payroll system. Households may start a business but cannot take a job another could fill while on Social Security.
6. Make many civil violations criminal acts: If a doctor cuts off the wrong leg or is impaired while operating, and the patient is harmed or dies, that should be criminal not civil. If a building falls down because of cheap materials, that too should be criminal fraud or possibly manslaughter not civil.
There is no black magic or political correctness here, only common sense based on decades of experience.
Kent Hammond
Raceland, La.
Recession is No Time to Cut the Debt
A severe recession is not the time to worry about reducing deficits. Any student of U.S. economic history knows that during the Great Depression FDR ran up deficits by providing assistance to people–unemployment benefits, old age insurance (Social Security), public employment programs and other forms of job creation, all of which were economically stimulative. In 1932 when FDR took office, unemployment was 25%. He viewed the highest priority as getting people back to work, and rightly so. Many deficits then become relatively short term, being paid back by turning the unemployed into wage earners who pay taxes. Under FDR’s programs unemployment shrunk to 10%. In 1936 when Republicans pressured FDR into concern for deficits and balancing the budget, unemployment rose again. He and the country learned a lesson from that. So FDR continued his programs.
What I’ve given is a very sketchy outline at best of the ’30s, but it’s founded in historical fact and remains as true today as it was then. The President needs to ignore the deficit hawks, but instead of seeing to it that tax breaks for the wealthiest 2% were eliminated, a “compromise” is imminent. Extending the Bush tax cuts for the wealthiest is, I believe, fiscally irresponsible. And now we see Republicans are not at all serious about deficit reduction.
Other cost-cutting methods proposed by the deficit commission simply show that it wants to raise revenue on the backs of workers and the elderly when the most obvious means of raising revenue was eliminating the Bush tax cuts and instituting other taxes, for example on transactions and the like.
Reducing deficits at this time is the wrong approach. Putting people back to work deserves the highest priority, even if it requires additional funding. However, ending the wars would help our economy and the deficit picture immeasurably. And Obama needs to get after the banks to extend small-business loans and adjust mortgages.
Gloria Aukland
Mesa, Ariz.
Simple Deficit Solution
The solution to the deficit issue is simple. Return the income tax rates for the rich to where they were before the Bush tax cuts. Raise capital gains rates to at least 20-25% if not higher. Institute a tax on large investment transactions. Cut defense spending by at least 20% and end the tax breaks that reward companies for off-shoring jobs and profits. Develop a real industrial policy for the US that emphasizes domestic production in areas like renewable energy production and energy conservation.
Shawn Saving
Kansas City, Mo.
Increase Taxes; Cut Spending
My recommendations:
1. Increase Social Security tax on incomes over $109,000.
2. Increase tax on gasoline, and dedicate it to mass transit.
3. Close tax loopholes and increase income tax rates across the board.
4. No more wars. Cut defense spending significantly.
5. Decriminalize drug use and tax recreational uses of drugs. (Like alcohol and tobacco are, and this would significantly reduce need for prisons, saving billion of dollars.)
6. Look at farm supports and others.
7. Reinvent government.
8. Rethink culture.
Wayne Wittman
St. Paul, Minn.
Invest in America’s Future
Former Secretary of the Treasury Albert Gallatin warned about staying out debt by staying out of wars. All wars cost money, and we must pay higher taxes or user fees to overcome such debt caused by wars. Former Secretary of the Treasury Andrew Mellon lowered the deficit from $24 Billion to $16 Billion by carefully targeting tax cuts that grow the economy and carefully targeting government-spending cuts where there is waste.
For example, does America still need 820 Military Bases around the World? Even Former Republican Dick Armey and many at the Pentagon say no. Whatever happens to closing some of the Military Bases in the South recommended by the Bi-Partisan Committee to reduce Military Base Spending?
Under President Reagan taxes were cut, for the reason that supply-side economics would increase tax revenues and close the budget gap within a few years, but it led to a $5 trillion national debt. Under President Clinton, taxes were increased, yet the economy grew faster because the marginal propensity to consume is greater than to lower one’s income. Clinton’s taxes had the rich pay more because they save more and gave to those with lower incomes that tend to spend more. It worked. The budget gap was eliminated a few years later with carefully targeted tax, and spending cuts.
Both methods worked yesterday and would work today if both parties would agree.
America should be investing in education, sciences and transportation infrastructure. All three lead to a smarter electorate, new inventions and ways to create new wealth, and a well-engineered transportation infrastructure not only provides jobs but reduces costs for all that use it to deliver and send goods and travel and tourism.
Unions have been on the vanguard of all three of these endeavors that created an America that is the best in the world with special programs to educate our youth, living wages for workers and pension plans for the elderly, and this is why unions matter!
Joseph J. Janos
USWA & UMWA Associate Member & APSCUF
Aliquippa, Pa.
Stop Wars Bankrupting America
We’ve had a deficit for the last nine, ten years. It didn’t seem to matter when G.W. Bush was president. Now when Obama is in office, there’s concern for the deficit? The answer isn’t in deficit commissions or angry Republicans or even angry tea partiers.
I certainly don’t know what would reduce the federal deficit. For too long now, in fact the last two years, we’ve fiddled around and allowed the right wing to pretty much set the course. When the cold war ended, there was a move to spend the “peace dividend” in this country but it met heavy resistance from the Republicans and got lost in the rhetoric. We continue to squander billions on the military industrial complex, suffering lost lives to protect a corrupt regime in Afghanistan. If the Republicans want to cut spending to reduce the deficit, they can start there.
In the meantime, there are things to do in this country to get our people back to work. It’s time for President Obama to get back in the driver’s seat and set the country’s economic future in the right direction. Creating jobs to re-build our country’s infrastructure would put people to work, earn and spend their money a lot sooner. Better sooner than later. The flow of money would lift the country from its economic malaise. The reason companies aren’t hiring more now isn’t that they don’t have the money. It’s the lack of consumer demand.
As Studs Terkel said, “The key issue is jobs. You can’t get away from it: jobs. Having a buck or two in your pocket and feeling like somebody.” Jobs mean restoring confidence for workers and their ability to provide for their families. At a time when banks and Wall Street refuse to invest in creating jobs, the government needs to step in fill the void and be the employer of first choice. As the late Sen. Hubert Humphrey said in a speech to the Minnesota AFL-CIO Convention in 1977, “No nation went bankrupt building, it goes bankrupt in wars.”
Angel Rodriguez
Glendale, Ariz.
Cut Defense; Raise Taxes
End the wars in Iraq and Afghanistan and bring home all the troops; then
cut the Department of Defense budget.
Remove the cap on income limits for paying into Medicare and Social Security and make the FICA Tax progressive.
Raise taxes on the top 2 percent of income earners.
Do not extend the Bush tax cuts for any income bracket.
Raise the Capital Gains Tax to 20 percent.
Gloria Donohue
San Francisco, Calif.
Cut Defense, Add Single-Payer
We should raise the pay for the military and get rid of Blackwater, et. Al., to whom we pay too much. In that way people would make the military their career choice. That would cut the jobless rate and the deficit at the same time. I believe the net result of getting out of Iraq and implementing my suggestion would be a long-needed cut in our defense budget.
Also, we desperately need to extend unemployment benefits and to extend tax cuts to people making less than $250,000 per year. We must not continue to subsidize the incomes of the wealthiest among us.
Somehow, the Supreme Court decision to give personhood to corporations must be overturned. Otherwise, corporations will select all of our leaders.
Socialized, single-payer health insurance would go a long way to cutting our deficit and making our population healthier.
Janet Davis
Olympia, Wash.
Enact a “Blow Hard Tax” on AM Radio Windbags
1. Raise taxes on people making over $1 million a year to 1960s levels.
2. Do away with capital gains taxes, all income taxed at income tax levels, including hedge fund managers’ incomes.
3. End the wars in Iraq and Afghanistan today; bring our kids home.
4. Enact a stimulus package that is five times larger than the previous bill. Let’s fix our roads, our bridges and modernize our rail service. Getting the economy going with be the best way to reduce the deficit.
5. Enact a “blow hard tax” on AM radio windbags. Tax would be per word, paid by both the talker and the listeners.
Kristjan Dye
President
USW Local 4959
Prudhoe Bay, Ala.
Repeat Poppa Bush and Clinton
To cut the federal deficit, we only need to repeat what Poppa Bush and Clinton did, cut spending and raise taxes. Cut defense, etc. The problem is Baby Bush and Obama didn’t don’t know how to use veto pen or say no to their own party.
J.D. Kirk
Covington, Va.
End the Empire
We can no longer afford a worldwide empire. As of 2005, according to official sources, the United States had 737 bases in other peoples’ countries — maybe even more by now. Time to shut most of them down.
Eleanore Lee
USW Associate Member
Berkeley, Calif.
Support Manufacturing
The Federal budget can be balanced by increasing the tax rate in the higher income levels. One of the benefits of the income tax is it has the ability to reverse the tendency for wealth to accumulate in a minority of the population and for our country to move further toward an oligarchy. Unlike the poor Russians who didn’t know what hit them, our move toward oligarchy started more slowly with the Reagan tax cuts. The tax rate on high incomes should be enough to discourage companies with weak or mendacious directors from awarding exorbitant salaries and bonuses.
Social Security is good and if an increase in payments into the system is needed, then increase the payments into the system but stop treating Social Security as a part of the Federal Budget. If the Social Security budget were kept separately, then it might not get so much stupid reaction from the Republicans. Social Security has its own income and outgo and if outgo is greater than income, then it can cash in some government bonds and the government can borrow the money from some other source. There need not be a Social Security item in the Federal budget until the trust fund runs out.
The best way to balance the budget is to have a vibrant economy and the best way to do that is to bring back manufacturing. I believe that can be done by instituting tariffs that provide a level playing field for our manufacturers.
Cutting services is going backward. In the future the government will have to provide more as robots take over many jobs and people live longer. The current Republicans are on a path to the past.
Robert R. Scott
Knoxville, Tenn.
Stop Paying for Health Insurance for Congress
First, do away with all health care and retirement perks for members of Congress. Make them pay for their own health care and fund any retirement plan they choose. This will add more money to the nation’s coffers. The amount of money funding these candidates by health care corporations is obscene. Sen. Bayh comes to mind. We are told that Social Security is no longer solvent. This is one way of endowing the trust fund with more cash.
Second, increase the actual tax rate on people earning over $250,000 per year to 44% while maintaining the middle-class tax cuts. I’m tired of hearing that this will punish small-business owners. Baloney! This is break is intended for the people who fund Congressional and Presidential campaigns — those who have the opportunity to “donate” for their candidate who then enacts legislation favorable to their causes.
Third, end the corporate tax loopholes that allow corporations to escape paying any taxes! Recent reports have declared many corporations actually pay no federal income tax due to loopholes. This merely puts the onus to fund our government on the backs of the middle-class. It is time for those corporations who merely place their corporate offices in off-shore tax havens to share the pain we all feel on April 15th!
Michael Ayers
Logansport, Ind.
Increase Stimulus to Create Jobs
To cut the deficit, we should basically do the opposite of the Republican prescription — which will kill the disease only by killing the patient! Increase stimulus spending to create jobs, which will increase tax revenues since people who work pay more taxes than those who don’t.
To increase tax revenues further, raise taxes on wealthy taxpayers (families with incomes over $250,000, individuals with incomes over $200,000), raise the tax rate in the highest bracket to what it was in the 1950s, raise the income maximum for Social Security withholding to at least $1 million, and close tax loopholes for various categories of revenues that the rich and corporations have.
Other measures: pass the Employee Free Choice Act, reduce military spending by getting out of Iraq and Afghanistan (and do not replace troops there with contractors!), leave the Social Security eligibility structure alone, do the same for Medicare (better, extend it to people over 55), regulate health insurance and health-care providers to contain price gouging, regulate the banking and finance industry to bring individual institutions down from “too big to fail” and reduce the political power they wield in buying votes to support deficit reduction by starving the public.
Klara B. Kelley
Gallup, N.M.
Cut Defense, not Social Security
Congress should leave Social Security eligibility ages as is. It is unfair to those workers who work with their hands physically to continue to work until they reach 69.
Cuts should be made in the defense budget, and we should withdraw from Afghanistan, Pakistan and Iraq at once.
We should also eliminate a tax cut for the wealthy and concentrate on passage of the middle and working class tax cuts. We need desperately to move towards income equality by increasing the wages of the working class and achieving the elimination of the gross disparity between the wages of the workers and the salaries of the wealthy executives and managers.
We need to improve and modernize the safety net that we have now. Certainly we should not cut the safety net.
Tell the President to finally stand tall and speak out.
Vieri Volterra
South Boston, Mass.
End Tax Cuts; Cut Defense
All the tax cuts should be allowed to DIE. People without jobs will not pay taxes, and people who have a job should be thankful that they can pay taxes.
Remove all deductions from the tax code! There should be a law that the entire tax code should be no more than 100 pages. OK, 1,000. Why should I pay someone $500 to figure out a way that I do not owe any taxes (I am retired with small pension). I would rather pay $500 to the government
Completely kill the farm subsidies. Cut the “defense” budget down to equal the amount that the entire rest of the world spends.
Enact single-payer.
Robert Hooker
USW Associate Member
Upper Marlboro, Md.
United States Must Become Just Another Nation
Please read David Brooks’ opinion in the Dec. 2 New York Times. I think he says it very well and shows a way for our Congress to get back into solving the budget crunch problems we face.
If we do not do it ourselves, eventually the International Monetary Fund (IMF) will step in and dictate the conditions of our financial reform. Then will we hear the gnashing of teeth and see the pointing of fingers. The IMF has done it to many countries, and there is speculation we could be nearing that time.
In a sense, the United States is not so big we cannot fail. We have four percent of the people of the earth and envision ourselves as god’s gift to any and all issues. So did Rome and England. I think our greatest respite will be when the United States becomes “just” another country in the community of nations.
Jay Dregni
St Paul, Minn.
Fund Social Security; DeFund Military
For Social Security I would set up a separate program that would envision long-term redemption of the IOU’s the feds have been taking out of the SSA fund over the years. This, in itself, might extend solvency to 2100.
Further, I would raise the cutoff limit on contributions by higher earners.
I believe a frank and long term look at our “defense” expenditures is essential. Currently we spend like we have a Cadillac income but exist on a used car one. Why do we need bases in over 50 countries (in many cases where local people want them gone)? We are still funding exotic weaponry when we’re fighting in mountains, deserts and jungles.
Our tax structures still reward multinational corporations that take U.U. jobs overseas. Some of these giants relocate their corporate headquarters to low-tax islands while their propaganda mills urge cuts for workers.
Aaron Libson
Philadelphia, Pa.
Raise Taxes on Rich; Reduce Spending on Military
To Raise Revenues:
- Raise the marginal tax rate to 50% on income (earnings, dividends and interest) over $250,000 per year and to 80% on income over $500,000 per year.
- Reinstitute the estate tax.
- Create a new WPA to put the United States back to work building a strong, sustainable infrastructure, so working people’s income taxes will provide revenue.
- End tax breaks for outsourcing American jobs, capital and production.
To Cut Spending:
- Stop projecting American military power across the globe by withdrawing forces and contractors from other nations and closing bases in other nations.
- Cut spending on developing and purchasing high-tech weaponry and military equipment by 50%.
June Forbes
Davis, Calif.
Send Federal Functions to the States
We should first of all cut the national federal budget by returning many federal functions back to the individual states where they properly belong, as per the Ninth and Tenth Amendments of the U.S. Constitution. For example, there is no constitutional mandate for the federal government to get involved in labor, agriculture, education, health care and disaster relief: These are all properly state matters, according to our U.S. Constitution. Secondly, we should end our boondoggling called “foreign aid” to foreign countries. We simply cannot buy friendship with money! Also, we should not fight wars on behalf of the survival of foreign governments: only that of our own merits the massive sacrifices of blood and treasure associated with our past wars.
I also agree with those who say we should limit the terms of federal politicians, make their jobs part-time and greatly reduce their pay. How much is a Congressman worth? Minimum wage?
Finally, I agree with those who say we should end this nonsense of government financial bail-outs for the big banksters and corporations. There should be no such thing as too big to fail: Let them crash! One man’s disaster may well be another man’s golden opportunity!
Lawrence K. Marsh
Gaithersburg, Md.
Tax the Rich; Support the Unemployed
1) Stop being the American Empire– cut the “defense” budget.
2) Tax all income at the same rate meaning somewhere at or more than 40% for those making over some number (say $250,000) and include in that unearned income as well, such as interest and capital gains.
3) Apply the Social Security tax to all income. We will never be able to describe the Social Security trust fund as in trouble, ever again.
4) Continue supporting our workers with various stimulus packages (including unemployment), and support mass transit, green energy, infrastructure repair, etc.
Hedda L. Haning
Charleston, W.V.
Cut Defense; Increase Taxes on Wealthy
Budget Cuts:
Trim Defense Budget by 50 percent, without including pay and living allowances for active troops or the VA health programs. Bring back our overseas military who are not actually in a war zone and close those bases. Include 50 percent of the off-budget programs, and costs allocated to other departments like homeland defense etc. which are simply hidden defense spending.
Eliminate the duplicative espionage of the many competing spy agencies. Trim the state department budget, and close huge diplomatic palaces like those in Iraq and Afghanistan which are actually military forts.
Rein in the homeland security department and quit buying electronic toys rather than concentrating on training, using dogs for airport security. Shift these funds to actually securing our harbors and shipping facilities, including quarantining for invasive species and unsafe foods and drugs from abroad.
Eliminate travel and security exceptions for government officials, both elected and appointed. Let them experience the joys of the brave new world they expect the rest of us to live in!
After trimming expenses, increase income by raising corporate taxes; extending FICA taxes to all earned income; and increase tax rates as incomes rise, rather than letting the fat cats pay the same rate as retired pensioners and workers!
Carol R. Campbell
Keaau, Hawaii
Let Bush Tax Cuts for Rich Expire
1. Let the Bush tax cuts expire for the over $200,000.00/$250,000.00 group.
2. Double federal gas tax to 37 cents a gallon.
3. One half percent national sales tax exempting medical.
4. Cease production of the penny rounding cash sales to the nearest 5 cents.
5. Cease production of the one dollar bill and mint $1, $2 and $5 coins.
6. Adjust SSI payments and Medicare support, on a sliding scale, for those with a net worth of $2 million or more and/or annual income of $150,000.00 or more.
Craig Nudelman
Winter Haven, Fla.
Make Corporations Pay Taxes
I can’t understand why I have not even heard the one simple answer to the obvious solution for the national debt – fix the corporate tax code. It was just announced that our corporations have just made more profit than ever, and that half of them have not paid any income tax. Exxon just announced recently that they had achieved the highest profit of any corporation ever in the history of the world and not paid any tax — yet received subsidies. I cannot even imagine why the Republicans gave subsidies to corporations to outsource jobs overseas! The answer: Every corporation, foreign or domestic, doing any business in the U.S. should be fined for every outsourced job so much that it would be cheaper to hire here. Why do our monster corporate masters have a free ride?
Why are we happy to see corporations make lots of money? It just goes into their own pockets. They aren’t providing more jobs with these profits. They are, in fact, using the recession as an excuse to squeeze their slave employees. The Banksters aren’t providing even any credit for small businesses. Their profit does the government or the people absolutely no good. Why shouldn’t these entities pay their fair share for this great country they benefit from?
The deficit commission is blinded to this obvious and simple answer. I guess those huge campaign contributions (blackmail) are blinding.
Carolyn Maxon
Scottsdale, Ariz.