GOALS
For America
Choose One and Act On It Now
1. Many in the Top 10% pay ZERO Income Taxes.  New Tax (9%) on 'Partnerships' revenue distributions which currently are about $8,000 Billion. Many of the recipients of the distributions pay much less than 15% income tax and too many in the 35% AGI Tax Bracket pay ZERO Income Taxes. This is due to IRS Sheltering Tax Code. Potential Revenue- $300 Billion. source:  http://www.irs.gov/taxstats/article/0,,id=152029,00.html ... Table 1.
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2. Giving $ to Rich Does NOT Create Jobs.  Inducements only work if they're Laser-Targeted On The RIGHT TARGET.  Stop giving $ to Rich or Unions or GM or GE or Unemployed.  Across-the-board Corp Tax Rate Cuts or exempting Dividends or exempting Capital Gains Does Not Work.
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3. Wall Street Tax Breaks For New Jobs. Wall Street should have NO Tax Breaks unless it can be proven that net New US Jobs have been created. IRA's need protection from Wall Street Gamblers. Stabilize volatile markets and speculation. All financial instruments held for less than 2 YEARS should be defined as: 'SHORT-TERM'. Capital Gains Tax of 9% is collected at time of sale and NO Deductions are allowed for LOSSES. Dividends must prove net New US Job creation in order for investors to claim a Tax Break to IRS. For example 1% net hiring gives 2% Tax Break to Dividend Receivers for that period.
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4. The 1% Should Pay a Fair Tax. People with greater than $400,000 (AGI) per year should pay a minimum tax of $100,000 no matter how many tax breaks they qualify for. Over 1 Million pay less than that. Potential Revenue- $100 Billion. source: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html
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5. Reduce Tax Breaks for those with greater than $100,000 AGI. One-Half currently pay ZERO Income Taxes (17 Million) due to IRS Sheltering Tax Code. But they get All the benefits of living in USA. Cut-In-Half All IRS Tax Breaks and Caps for: Foreign Income, Interest, Municipal Bond Income, and Itemized Deductions. $500 Billion Potential for Balancing the Budget. source: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html
Select Table 1.2 (AGI) Year 2009; Lower Set of AGI Rows are for ZERO Income Tax Paid.
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6. Stop Sheltering CEO/President Compensation. CEO's are chosen by Owners/Shareholders and should be compensated directly by them. Any honest accountant will tell you that. CEO compensation and 'pay for performance' and 'Golden Parachutes' should be treated by IRS as Not-a-Valid-Business-Expense and AFTER corp taxes are paid. Also, FICA (both parts) should be deducted (without Cap) from ALL CEO compensation.
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7. Protect USA from Wall Street. Create an Insurance Fund for Financial Melt Downs. Charge a small fee (0.1%) on any High-Volume Financial Transactions (Buy, Sell, Short, etc.) to fund the next 'too big to fail' or Savings & Loan fiasco. Taxpayers Still have Not been paid back for TARP- over $100 Billion. source:
http://fms.treas.gov/fr/09frusg.html select 'Financial Reports' and go to page 48.
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8. A Fair Tax for the Whole USA. Everyone should contribute Something for this great country. Then they will care how THEIR money is spent. Even if its only $100 per YEAR (tithe), they have 'skin' in any legislation. This is in Response to the Flat Tax Concept. Then, it is No Longer About How to Spend "Other People's Money". This should include those on welfare and UnEmployment. This is meant as a Unification of USA attitude; not govt taking back what it gave out. We All Benefit from living in the USA. And, there are about 60 Million that Pay ZERO Income Tax and lots more that do not file because their taxable income is below poverty level. $10 Billion Potential for Job Retraining. source: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html
Select Table 1.2 (AGI) Year 2009; Lower Set of AGI Rows are for ZERO Income Tax Paid.
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9. Honor the IOU's to Social Security. Don't Default on promises made by past presidents to the SS Cookie Jar as they dealt with national priorities. Separate Social Security FICA revenues from the Federal General Funds Budget and make it fiscally sound.
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10. Bio-Fuel Energy Policy. For every $ Oil and Gas Industry spends in new drilling, they invest $ into alternative- fuel infrastructure for Truck-Stop Gas Stations. The Auto Industry owes the Taxpayer for their Bailout- Mandate Truck Industry to build 3 new engines for Trucks that run on natural gas or hydrogen or bio-fuel. All domestic airlines must use a bio-fuel & petrol mix in jet engines. Navy jets must use a bio-fuel & petrol mix. Increase Ethanol % for auto gasoline. Testing shows success. It will cost more, until production volume is high. National Security dependence on hostile Foreign Oil sources is eliminated. Farmers are happy. Anti-Oil Lobby is happy. Oil companies still make lots of money. Green, of course, is never happy.
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11. Pay for your Priority. New way of reaching agreement in Congress: House Districts pay for what their Representatives vote for (on a few Major Budgets) legislation that receives a majority vote (including 5% of the opposite party). As an example: Republicans want a strong Defense Budget. Democrats want a large Medicare and Medicaid Budget. Stop fighting- A Defense Spending bill must get a majority vote, including 5% of Democrats to pass. Then the cost is divided amongst the Districts that voted for it, as a Surtax. The District decides how the levy is assessed amongst its citizens. Defense is now OFF the 'Balance the Budget' Table. Same for Medicare and Medicaid. The Republicans can debate amongst themselves on budget cuts. The Democrats can debate amongst themselves on budget cuts.
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12. Ban Politicians From D.C.  Pass Congressional Term Limits. Also, when An Elected One is out of office, they are barred from coming within 100 miles of the boundaries of the District of Columbia for a period of 3 years. The exception would be responding to a subpoena. The Elected Ones must sign a consent agreement to take office.
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13. ReNegotiate International Trade. Call 20 small Export Companies and ask them what they need done to increase their business. US buys from everyone. Even if they don't trade fair. Now that our Economy's Demand is bad, other countries are scared their economies will go into Recession, too. This is the Best Time for US to ReNegotiate a Level Playing Field. It helps US companies and hurts, but does not cripple, Foreign companies. We need a Real Live Negotiator in the White House. THEN, give Red-Tape Cutters to the Export Product Businesses.
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14. There are Not Enough Jobs To Go Around. There are 11 Million fewer Jobs than in 2007. Most are Not coming back when the economy improves. Govt can help by Removing People From the Job Pool. Make an EARLY RETIREMENT Offer to those with W-2 Jobs (can never go back to a W-2 job) AND over age 55, AND good only for the Next 6 Months. Give them an IRA filled with govt T-Bills (cash only 1/10 per year- $30,000). Their corp employer must hire 2 people resulting in an increase in total US Employees. Give the Corp a 3-year Payroll all-taxes Holiday after the 3rd month of hiring. The FICA and Income Taxes on the 2 new-hires and removal from Unemployment/Welfare and Food Stamp Payments will partially balance the Early Retirement. The priority is to get younger workers into a Career now instead of trapped in Welfare. Upward mobility within the corp will probably result. Some of the Retirees may Start a new Small Business and Buy Goods and Services and Hire some Employees to Export a Product.
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15. Restructure Private Debt. US needs a comprehensive 'Marshall' plan focused on the banking and housing sectors.



(revised 30.Sept.2012; (c) Fuzzy Thinker, Inc.)
http://fuzzythinker.WebStarts.com/ows-_fighting_points.html