Dear Congress, please pass the President's 2011 and 2012 budgets

[ProSense]

Please keep these proposals:

<...>

The president, in a $3.7 trillion budget plan released yesterday in Washington, revived dozens of proposals that Congress has rejected, including $129 billion in higher taxes on the overseas profits of U.S. companies. He also proposed changing the tax treatment of oil, gas and coal companies, which would raise about $46 billion.

<...>

The proposal also would bring back pre-2001 tax rates on income and capital gains for individuals earning more than $200,000 annually and married couples making more than $250,000. The estate tax would return to 2009 levels with a $3.5 million per-person exemption and a 45 percent top rate. Under a law Obama signed in December, lower rates expire at the end of 2012.


<...>

The budget plan would limit itemized deductions for top earners to 28 percent, curbing the value of tax breaks for charitable contributions, home mortgage interest and state and local taxes. That proposal has been included in every budget of Obama’s presidency and was rejected as a revenue-raising provision to fund his overhaul of the health system last year.

link

Pass this too: $30 billion tax on the largest financial institutions.

Keep the proposals for low-income families, head start, homelessness, etc. Feel free to strengthen them to help America's most vulnerable.

Please get on that right away. BTW, the 2011 budget is long overdue.

Thanks.

[ProSense]

1. No comment? n/t

[rug]

2. That'll work.