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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Fri Oct 28 12:09:47 EDT 2011
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Thu Oct 27 17:43:23 EDT 2011
Capitalism is supposed to work in way that lets consumers choose our future course. If you subsidize fossil fuels, that gives fossil fuel companies an exceptional advantage in the marketplace. If we ever More....want clean energy, then we need to stop making dirty energy so cheap.
Thu Oct 27 17:08:15 EDT 2011
Thu Oct 27 17:07:06 EDT 2011
Thu Oct 27 16:45:34 EDT 2011
Thu Oct 27 16:09:49 EDT 2011
Thu Oct 27 15:54:41 EDT 2011
Thu Oct 27 14:57:45 EDT 2011
Politicians! Please take stock! We want you to work for the common good of the people and not corporations!
Thu Oct 27 14:53:35 EDT 2011
We pay into these "entitlements", so we are entitled to get them. So, expand the programs, don't cut them and make the 1% of free-loaders, the million and billionaires, pay for these programs--that way, More.... they can repay the country that has been so generous to them. The poor and the working class has already paid with their blood, sweat and tears!
Thu Oct 27 14:42:18 EDT 2011
Please prove to me that youre time in office is spent truely representing the American public - and NOT providing a service to the business sector - or all the other people whos pockets are deep enough More....to fund your campagins.
Thu Oct 27 14:29:00 EDT 2011
I think that the people and organizations who are in favor and profit from wars should start paying their fair share of taxes to support it. Stealing my social security and medicare shouldn't even be More....on the table. The congress should remember where our debt came from, and learn from it!
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