The 12-member Super Congress is in the process of figuring out how to reduce the national deficit.
So far, the deficit discussion has been dominated by nonsense. Much of it has focused on huge cuts to Medicare and Social Security as well as other important programs.
We’re going to introduce some sense to the nonsense, and show them how to reduce the deficit by $1.1 trillion over 10 years.
Fossil fuel subsidies are a commonsense place to make cuts.
The polluting profiteers in the oil, coal and gas industries do not need taxpayer money. Over the least decade, the largest oil and gas companies alone reaped more than $1 trillion in profits. Ending fossil fuel subsidies would reduce national debt by $122 billion over ten years.
Wall Street is a commonsense place to increase revenue.
A very small tax on short-term speculation on Wall Street would boost federal revenue by $100 billion a year. This financial transactions tax would also create a disincentive for Wall Street’s riskiest practices – many of which continue despite the fact that these risky practices led to the economic collapse in 2008.
Sign the Petition to the Super Congress
We, the undersigned, call on the 12-member Joint Select Committee on Deficit Reduction (a.k.a. Super Congress) to end fossil fuel subsidies and enact a financial transactions tax. Doing so would reduce the deficit by more than an estimated $1.1 trillion over 10 years.
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Add a Comment
Sun Oct 30 14:58:51 EDT 2011
Repeal The Reagan Tax Cuts AND downsize the military by 90%.
Sun Oct 30 14:28:14 EDT 2011
Sun Oct 30 01:48:24 EDT 2011
David & Babette Jackson
Sat Oct 29 19:22:37 EDT 2011
Sat Oct 29 18:20:26 EDT 2011
Take care of business and stop trying to wipe out the middle class.
Sat Oct 29 17:25:25 EDT 2011
Sat Oct 29 17:10:11 EDT 2011
Sat Oct 29 16:01:07 EDT 2011
Sat Oct 29 14:30:53 EDT 2011
Its time we found more effective fuel options and it is time to tax the corporationa and wealthy not the middle class
Sat Oct 29 14:26:10 EDT 2011
Sat Oct 29 14:24:28 EDT 2011
Sat Oct 29 13:28:32 EDT 2011
Sat Oct 29 13:00:39 EDT 2011
Stephen P Carlisle
eliminating the fosil fuels subsudies and taxing this type of speculation is a no brainer. do it!
Sat Oct 29 12:30:08 EDT 2011
Sat Oct 29 12:25:58 EDT 2011
Sat Oct 29 11:27:16 EDT 2011
Enough of destroying the middle class and insist on a fair balance of responsibility to restore the greatness that was once America!
Sat Oct 29 05:11:53 EDT 2011
Sat Oct 29 02:41:55 EDT 2011
Sat Oct 29 02:29:29 EDT 2011
Fri Oct 28 20:27:26 EDT 2011
We are looking at Greece and their tax system that patronizes the wealthy, and we shake our heads. How different is our system beginning with Wall Street, whose wealthy investors we protect, because "if More....Wall street is doing well, the nation must be doing well." Reagan's trickle down policies never worked, and won't work now.
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