You are an advisor to the president tasked with cutting at least $300 billion from the budget. Explain why
you chose those cuts.
Domestic programs and foreign aid
foreign aid to African countries$17 billion, eliminate farm subsidiaries$14 billion,
cut pay of civilian federal workers by 5% $14 billion, reduce the overall federal workforce by 10% $12 billion,
cut aid to states by 5% $29 billion
cut the number of nuclear warheads, and end the “star wars” missle 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 weapon programs $19 billion
enact medical malpractice reform by reducing the chances of large malpractice verdicts $8 billion, increase medicare eligibility age to 68 $8 billion, raise social security retirement age to 68 $13 billion,
return real estate taxes 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 $250k a year, $54 billion, end cuts for income below $250 a year $172 billion, payroll tax increase for people making over $106k annually contributing more to social security and medicare $50 billion
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 emmissions $40 billion, tax banks based on their sizes and the amount of risk they take $73 billion
Total gap covered by your budget plan $__________________
reference list (at least 2)
no more than 1 1/2 pages please
undersdtanding politics: ideas, institutions, and issues Magstadt
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