- Posted November 28, 2012 by
This iReport is part of an assignment:
The fiscal cliff: Messages to Washington
Cut Spending and Raise Taxes
- Jareen, CNN iReport producer
Spending should immediately be cut across the board, nothing exempt not even off the book items. There is no negotiations, EVERY budget item is cut the same. I like a 20% cut across the board. If these changes are made to the Presidents proposed budget we would save 229 billion 400 million dollars. That is a big cut but EVERY department has 15-20% fraud, waste and abuse in it, every single department. So there is a starting cut in the budget. If someone cares to argue about a $100 Million program do it after these cuts.
Increasing income is just as simple. Do away with EVERY SINGLE deduction that exist. Set the tax rate the same for EVERYONE on EVERY form of income. I like a 25% tax rate for everyone. It does not matter if you are a fry cook or a Wall Street speculator. This will increase revenues and be equitable for EVERYONE. You make $100 Million you pay 25%, $25 Million. You make $10,000 you pay 25%, $2,500. The percentage of increase or decrease to any group does not matter. Everyone pays the same equitable amount. The exact same thing goes for corporations. Set a tax rate, remove all deductions and pay your share. The only possible deduction I can imagine would be based on direct investment that has a direct positive impact on employment. It would not be a 100% deduction.
These are common sense, equitable, non-partisan changes that will get the ball rolling in the right direction. Bicker over the small budget items, the welfare programs, farm subsidies, oil and gas subsidies, renewable energy development and on and on after making a difference. We must take decisive action to let our citizens and the entire world know that we are not on the brink of failure as a nation.