Week 6 Discussion 1 and 2: poli330 all new latest 19

DOMESTIC PROGRAMS AND FOREIGN AID

Cut some foreign aid to African countries

?$17 billion

?

Eliminate farm subsidies

?$14 billion

?

Cut pay of civilian federal workers by 5 percent

?$14 billion

?

Reduce the overall federal workforce by 10%

?$12 billion

?

Reduce funds for the Smithsonian and the National Park Service, and close the Office of Safe and Drug-Free Schools

?$30 billion

?

Cut aid to states by 5%

?$29 billion

MILITARY

Cut the number of nuclear warheads, and end the "Star Wars" missile defense program

?$19 billion

?

Reduce military to pre-Iraq War size and further reduce troops in Asia and Europe

?$25 billion

?

Cancel or delay some weapons programs

?$19 billion

HEALTHCARE

Enact medical malpractice reform by reducing the chances of large malpractice verdicts

?$ 8 billion

?

Increase the Medicare eligibility age to 68

?$ 8 billion

?

Raise the Social Security retirement age to 68.

?$ 13 billion

EXISTING TAXES

Return the estate tax to Clinton-era levels, passing on an estate worth more than $1 million to their heirs would have portions of those estates taxed.

?$ 50 billion

?

End tax cuts for income above $250,000 a year

?$ 54 billion

?

End tax cuts for income below $250,000 a year

?$ 172 billion

?

Payroll tax increase for people making over $106,000 annually contributing more to Social Security and Medicare.

?$ 50 billion

NEW TAXES

Institute a Millionaire's tax on income above $1 million

?$ 50 billion

?

Add a national 5% sales tax

?$ 41 billion

?

Add a tax on carbon emissions

?$ 40 billion

?

Tax banks based on their sizes and the amount of risk they take.

?$ 73 billion

Total gap covered by your budget plan

?

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