President Obama - Bring the people's budget to your table = new economic growth/jobs

Discussion in 'Politics' started by merrill, Jan 5, 2012.

  1. merrill
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    merrill VIP Member

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  2. The Rabbi
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    The Rabbi Diamond Member

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    All members of the CPC need to be taken out back and shot.
     
  3. Claudette
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    Claudette Gold Member

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    Exactly what one woul expet from KVH.

    Jesus she's generous with other peoples money.
     
  4. Full-Auto
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    Full-Auto Gold Member

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  5. merrill
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    merrill VIP Member

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    An alternative approach that deserves more attention is the “People’s Budget” offered by the Congressional Progressive Caucus (CPC).

    It’s a budget that gives the people—according to poll after poll—exactly what they want (something which shouldn’t be a rarity in a healthy, vibrant democracy).

    The People’s Budget lays out what a robust progressive agenda looks like. It protects an already frayed social net and promotes a progressive tax policy that makes millionaires, billionaires and big corporations pay their fair share.

    It doesn’t stop at cutting the low-hanging fruit at the Pentagon, instead it brings our troops home from two wars that cost trillions of dollars and do nothing to make the US safer, and resets and rethinks what real security means in the twenty-first century.

    “The People’s Budget generates a government surplus by 2021 by closing tax loopholes, ending corporate giveaways to oil, gas and nuclear entities, bringing our troops home, and creating jobs that expand the American tax base,” said Representative Raúl Grijalva, co-chair of the CPC. “This is a sensible solution that listens to what the American people have said about where our budget priorities should be.”


    Fighting for a People's Budget | The Nation
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I stopped reading when it became obvious the author doesn't realize that Robin Hood, a very basic story, is not about redistribution of wealth. It's about restoring wealth the politicians are stealing from the people.
     
  7. merrill
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    merrill VIP Member

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    A Federal Budget that Puts Human Needs Before Corporate Greed and Militarism

    The United States needs a redirected federal budget that adequately funds crucial priorities like infrastructure, transit and other public works, schools, clinics, libraries, forests, parks, sustainable energy and pollution controls.

    The budget should move away from the deeply documented and criticized (by the US General Accounting Office, retired Admirals and Generals and others) wasteful, redundant "military industrial complex" as President Eisenhower called it, as well as corporate welfare and tax cuts for the wealthy that expand the divide between the luxuries of the rich and the necessities of the poor and middle class.


    Federal Budget -- Ralph Nader for President in 2008
     
  8. Katzndogz
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    Katzndogz Diamond Member

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    Oh this isn't going to go well at all. obama is going to be the deadliest disaster to ever hit the US.
     
  9. merrill
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    merrill VIP Member

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    While President Obama broke the silence about revenue in the current deficit debate, a new report from the Institute for Policy Studies — "Unnecessary Austerity" — outlines a bold plan for how Congress could raise more than $4 trillion over the next decade by reversing years of tax giveaways to the richest Americans and largest corporations.

    The eight new potential revenue sources, include: closing overseas tax havens; adding new tax brackets for households with more than $1 million in annual income; and instituting a modest financial transaction tax.

    "Congress has prioritized tax cuts for the wealthy and failed to crack down on corporate tax dodgers, fueling a budget crisis," said report co-author and Nation contributor Chuck Collins.

    Joining the fight for a more sane approach to tax policy is a group of 700 business leaders and individuals in the top 5 percent of wealth and income who make up the Responsible Wealth network.

    Along with United for a Fair Economy, Responsible Wealth's new Tax Wealth Like Work Campaign focuses attention on the discrepancies in the tax system that reward income from wealth over income from work. Capital gains and dividend income are taxed at a top rate of only 15 percent, while income earned from work is taxed at a top rate of 35 percent.

    As Congress and cash-strapped states struggle to balance budgets, these wealthy people are urging that the income from their investment portfolios be taxed at the same rate as work income. That was done in the late 1980s under Presidents Reagan and Bush, and restoring the rates would raise $84 billion in 2011.

    The campaign is also building support for Congresswoman Jan Schakowsky's Fairness in Taxation Act which would tax capital gains and dividend income as ordinary income for taxpayers with income over $1 million, and create higher income tax brackets for millionaires and billionaires.


    The Nation: Obama Should Fight For 'People's Budget' : NPR
     

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