Fri Jan 11, 2013, 01:02 PM
grahamhgreen (15,585 posts)
Does Obama WANT to cut our safety net? Where is the discussion? Why the wait til the last minute?
So, the sequester and the debt ceiling are coming up at the end of March:
What is Obama's Plan?
Pretty simple questions: the only reason to not have these plans on the table now is so they can ram a crappy plan down out throat at the last minute at the end of March in a manufactured panic attack!
Here's a good plan: no cuts to social programs, cut the military by 50%. This will give us MORE THAN DOUBLE the revenues of the sequester, and simply reign in our military spending to the level it was at before we had to spend trillions on a manhunt.
Then we can raise taxes on corporations, and make them pay what Americans pay (they are paying only 12% in taxes, and some are making profits in the hundreds of billions, yet pay no taxes)
We can raise the short term capital gains to the same rate as Americans (their rate was cut to 20% from 39.5% in the last deal).
We can eliminate loopholes that allow large corporations and the wealthy to avoid more than $100 billion in taxes every year by setting up offshore tax shelters
We must also end tax breaks for companies shipping American jobs overseas. THAT'S a real no-brainer!
We can impose a STET tax (securities transaction tax) on securities trades to recoup money from high frequency trading.
We can't let them screw us at the last minute - let's get our solutions out and into the dialog!
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Does Obama WANT to cut our safety net? Where is the discussion? Why the wait til the last minute? (Original post)