War Is Making You Poor Act

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Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1891
War Is Making You Poor Act

 

Does this sound like a good idea? Cut all Federal income taxes for the first $35,000 earned for all taxpayers, AND reduce the deficit by $15 billion, AND doesnt' affect the war budget or black-ops budget, only the supplemental funding for war in Iraq and Afghanistan?

No wonder we got both strong-minded bipartisan support for this.

From Wikipedia:
"The War Is Making You Poor Act (H.R. 5353), introduced by Rep. Alan Grayson on May 20th, 2010, is a bill which aims to cut separate funding for the Iraq War and Afghanistan War, and use the proceeds to eliminate federal income taxes on every American's first $35,000 of income. The bill has garnered the support of 18 Cosponsors in congress, including Ron Paul (R-TX), Walter Jones (R-NC), John Conyers (D-MI), Lynn Woolsey (D-CA), and Dennis Kucinich (D-OH). Only $159.3 billion in war spending would be affected; the $548.9 billion base war budget would remain in place, as would the approximately $75 billion black budget."
http://en.wikipedia.org/wiki/War_Is_Making_You_Poor_Act

Of course, mainstream bipartisan resistance/inertia is high...

Poet

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