POLI330N Chamberlain Cutting the Budget Recommendations Paper
POLI330N Chamberlain Cutting the Budget Recommendations Paper
The president wants your recommendations to cut lines, not large categories. Explain why you chose those cuts.
DOMESTIC PROGRAMS AND FOREIGN AID |
Cut some foreign aid to African countries |
$17 billion |
|
Eliminate farm subsidies |
$14 billion |
|
Cut pay of civilian federal workers by 5 percent |
$14 billion |
|
Reduce the overall federal workforce by 10% |
$12 billion |
|
Cut aid to states by 5% |
$29 billion |
MILITARY |
Cut the number of nuclear warheads, and end the “Star Wars” missile defense program |
$19 billion |
|
Reduce military to pre-Iraq War size and further reduce troops in Asia and Europe |
$25 billion |
|
Cancel or delay some weapons programs |
$19 billion |
HEALTHCARE |
Enact medical malpractice reform by reducing the chances of large malpractice verdicts |
$ 8 billion |
|
Increase the Medicare eligibility age to 68 |
$ 8 billion |
|
Raise the Social Security retirement age to 68. |
$ 13 billion |
EXISTING TAXES |
Return the estate tax to Clinton-era levels, passing on an estate worth more than $1 million to their heirs would have portions of those estates taxed. |
$ 50 billion |
|
End tax cuts for income above $250,000 a year |
$ 54 billion |
|
$ 172 billion |
|
|
Payroll tax increase for people making over $106,000 annually contributing more to Social Security and Medicare. |
$ 50 billion |
NEW TAXES |
Institute a Millionaire’s tax on income above $1 million |
$ 50 billion |
|
Add a national 5% sales tax |
$ 41 billion |
|
Add a tax on carbon emissions |
$ 40 billion |
|
Tax banks based on their sizes and the amount of risk they take. |
$ 73 billion |
Total gap covered by your budget plan |
$_________________ |
Use evidence (cite sources) to support your response from assigned readings or online lessons, and at least one outside scholarly source.