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.
Add Your Name to the Petition Below
This petition is no longer active.
of 14575 signatures
Add a Comment
Tue Nov 01 10:28:20 EDT 2011
Tue Nov 01 00:14:21 EDT 2011
Mon Oct 31 23:55:22 EDT 2011
Mon Oct 31 23:20:47 EDT 2011
Mon Oct 31 22:54:53 EDT 2011
Mon Oct 31 22:24:05 EDT 2011
Mon Oct 31 21:02:51 EDT 2011
Mon Oct 31 20:54:55 EDT 2011
Mon Oct 31 19:07:04 EDT 2011
Does this really hurt them? How many years have financial and fuels benefited from perks provided by we the people.
Mon Oct 31 15:36:09 EDT 2011
Mon Oct 31 13:45:04 EDT 2011
The time for the PEOPLE is NOW!!!
Mon Oct 31 13:35:28 EDT 2011
Mon Oct 31 11:45:11 EDT 2011
Mon Oct 31 07:34:53 EDT 2011
Mon Oct 31 02:03:28 EDT 2011
BRUCE A CARROLL
Mon Oct 31 00:59:12 EDT 2011
Sun Oct 30 23:53:50 EDT 2011
Time to cut corporate welfare, defense spending, and payments to BANKS !
Sun Oct 30 23:10:53 EDT 2011
Mary Lou Finley
Sun Oct 30 23:10:45 EDT 2011
Mary Lou Finley
Sun Oct 30 19:53:59 EDT 2011
Stop stealing from U.S. citizens while giving huge amounts of money to the extremely wealthy.
Sun Oct 30 19:11:00 EDT 2011
STOP THE BILLIONS IN TAXPAYER SUBSIDIES TO THE RICHEST COMPANIES IN THE WORLD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Public Citizen, Inc. and Public Citizen Foundation
Together, two separate corporate entities called Public Citizen, Inc. and Public Citizen Foundation, Inc., form Public Citizen. Both entities are part of the same overall organization, and this Web site refers to the two organizations collectively as Public Citizen.
Although the work of the two components overlaps, some activities are done by one component and not the other. The primary distinction is with respect to lobbying activity. Public Citizen, Inc., an IRS § 501(c)(4) entity, lobbies Congress to advance Public Citizen’s mission of protecting public health and safety, advancing government transparency, and urging corporate accountability. Public Citizen Foundation, however, is an IRS § 501(c)(3) organization. Accordingly, its ability to engage in lobbying is limited by federal law, but it may receive donations that are tax-deductible by the contributor. Public Citizen Inc. does most of the lobbying activity discussed on the Public Citizen Web site. Public Citizen Foundation performs most of the litigation and education activities discussed on the Web site.
You may make a contribution to Public Citizen, Inc., Public Citizen Foundation, or both. Contributions to both organizations are used to support our public interest work. However, each Public Citizen component will use only the funds contributed directly to it to carry out the activities it conducts as part of Public Citizen’s mission. Only gifts to the Foundation are tax-deductible. Individuals who want to join Public Citizen should make a contribution to Public Citizen, Inc., which will not be tax deductible.
To become a member of Public Citizen, click here. To become a member and make an additional tax-deductible donation to Public Citizen Foundation, click here.