Senator Bernie Sanders (VT) has proposed a millionaires surtax & ending tax breaks for Oil companies

[JohnWxy]

as a way of helping to reduce the deficit.


http://sanders.senate.gov/newsroom/news/?id=cc6563d9-58dd-4509-8a9d-de0029911f60

"It would be morally wrong for the United States to balance the budget on the backs of the most vulnerable people in our society while asking nothing from the wealthiest," Sen. Bernie Sanders said. That's why he proposed a surtax on millionaires and eliminating tax breaks for Big Oil. He talked about the proposal in an interview Monday with radio host Ed Schultz.

A 5.4 percent surtax on adjusted gross incomes over $1 million would raise as much as $50 billion a year. An NBC News/Wall Street Journal poll published last week showed overwhelming support for that concept.

Ending tax breaks for oil and gas companies could raise another $3.5 billion a year.
(more)

If you think it's worth your time, you might email your Senators along with Harry Reid urging they support Sanders proposed legislation. They have to support this bill for it to be put to a vote in the Senate. I personally believe it would be good to give the GOPers the opportunity to show how serious they are about reducing the deficit by voting FOR passage of this bill. Of course, if they don't vote for it, it shows they are more interested in cutting programs they abhor (government help for those who aren't likely sources for campaign contributions or cushie jobs when they retire - yuk!) and killing off any recovery to the REPUBLICAN DEPRESSION (aka the TRICKLE DOWN - DEREGULATION DISASTER) so they can campaign in 2012 claiming Obama and the Dems don't know how to run an economy.

... praise goes to Sanders for trying to do the obviously right thing by proposing a revenue bill as another way to reduce the deficit - at least brought up for a vote.


If you think Sanders has a worthy idea with his surtax on millionaires why not email or call your Senators and Harry Reid to urge that they support his proposed legislation. With a vote on this bill the Republicans would be able to show just how serious they are about reducing the deficit.:evilgrin:

http://www.congress.org">Congress.org makes it easy to email your Senators/Representatives Just enter your zip code in the input field next to: "Find your lawmakers, tell them what you think." and click on "GO" and it will bring up your senators and representative. you just enter your message in a text input field and they send the email for you (you have the chance to look it over and edit it first).

[felix_numinous]

1. K & R!

[1776Forever]

2. Go Bernie! K&R!

[loudsue]

3. Total $53.5 billion....roughly 2 months for military in Iraq & Afghanistan

The military is where we should be cutting the hell out of the budget. Everything except soldiers pay and benefits should be cut drastically. 99% of all military contractors should be cut and those functions brought back in to be done by our soldiers. The best & the brightest should work for our military, AND GET PAID FOR IT, NOT for the contractors whose CEO's are making billions off taxpayer dollars. Those assholes are charging taxpayers $1,000 per day to do laundry, and that shit has to stop.

The aircraft that go nowhere and fall out of the sky have to stop. The 250 bases across the world need to be closed or completely downsized. The military is what is sucking so much of the taxpayer dollars that are being wasted.