Amereican Government "Federal Budget Activity Reflection Essay"

Return to main display We suggest creating a PDF and sending this to your representative. • Right click and select Print. • In "Destination" menu, select "Save as PDF" • Save to your desktop, then attach file to email or fax. Defense Education, Infrastructure, and Research Social Security in billions End the Wars in Iraq and Afghanistan $690B Slow Development of New Weapons Systems $60B Reduce the U.S. Navy Fleet from 272 to 230 Ships $110B Limit Eligibility for and Generosity of Veterans’ Benefits $300B Reduce Foreign Aid and International Program Spending $120B Replace Current Student Loan Subsidies with Income-Based Repayment $160B Increase the Gas Tax by 10 Cents, Then Grow It in Future Years $180B Raise Payroll Tax Rate by 1% $440B Health Care Other Domestic Spending Individual Income Tax Other Taxes Replace Obamacare With American Health Care Act $230B Reduce Prescription Drug Costs $220B Allow Private Plans to Compete with Medicare $220B Require States to Cover One-Quarter of the Cost of Food Stamps $220B Establish and Increase Various User Fees $70B Enact a 30% Minimum Tax ("Buffett Rule") For High Earners $80B Gradually Phase Out the Mortgage Interest Deduction $420B Eliminate the State and Local Tax Deduction $1240B Establish a Floor on Giving for the Charitable Deduction $260B Repeal Targeted Corporate Tax Breaks $220B Increase Taxation of Foreign-Earned Income $440B Eliminate the Deduction for Business-Related Meals & Entertainment $160B Defense 1280 Investments 340 Social Security 440 Health Care 670 Domestic 290 Income Tax 2000 Debt as Percentage of GDP 61 % 2027 35 % 2050 Savings relative to current law (billions) $ 7840 Your Savings Enact Financial Fee on Large Institutions $110B Enact a Carbon Tax and Partial Rebate $560B Enact a Value-Added Tax and Partial Rebate $1160B Increase Cigarette and Alcohol Taxes $170B Other Taxes 2820