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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Wed Oct 26 13:43:26 EDT 2011
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Tue Oct 25 23:42:38 EDT 2011
Tue Oct 25 23:17:24 EDT 2011
Wall Street has proven itself to be the engine of economic destruction, fueled by unregulated and unmitigated greed. The fossil fuel industry will pollute and combust our way into environmental no-mans More....land. Stop subsidizing this insanity!
Tue Oct 25 22:59:37 EDT 2011
Oil companies don't need susidies. They already have tremendous profits. They need to do everything they can to protect our environment. No more getting paid to rape the land and sea.
Tue Oct 25 22:42:40 EDT 2011
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Tue Oct 25 20:38:31 EDT 2011
Its time for that good ole positive change...
Tue Oct 25 20:33:35 EDT 2011
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Tue Oct 25 16:02:23 EDT 2011
oil companies don't need subsidies,out of work Americans do.
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