POLI 330N WEEK 6 ASSIGNMENT, DISCUSSION –
COMPLETE
You are an advisor to the President tasked with cutting at least $300 billion from the
budget. The president wants your recommendations to cut lines, not large categories.
Submit your recommendations and your reasoning for such recommendations using
these guidelines:
- Use evidence (cite sources) to support your recommendations from assigned readings
or online lessons, and at least one outside scholarly source.
- Use the format provided below to present your numbers and totals followed by an
explanation below the chart.
- Please note that these are not true US budget numbers, but are reasonable
hypothetical numbers to help us consider the budget processes complexities.
End tax cuts for income above 250,000 a year: $54 billion
Institute a Millionaire's tax on income above $1 million: $50 billion
Cut some foreign aid to African countries: $17 billion
Add tax on carbon emissions: $40 billion
Tax banks based on their sizes and risk: $ 73 billion
Return the estate tax to Clinton-era levels: $50 billion
Cancel or delay some weapons programs: $19 billion
I would recommend ending tax cuts for those with household income over $250,000 as this
would save the nation around $1 trillion over 10 years and would be a major first step in
allowing the wealthy to pay their fair share of taxes (Americans for Tax Fairness, 2019).
COMPLETE
You are an advisor to the President tasked with cutting at least $300 billion from the
budget. The president wants your recommendations to cut lines, not large categories.
Submit your recommendations and your reasoning for such recommendations using
these guidelines:
- Use evidence (cite sources) to support your recommendations from assigned readings
or online lessons, and at least one outside scholarly source.
- Use the format provided below to present your numbers and totals followed by an
explanation below the chart.
- Please note that these are not true US budget numbers, but are reasonable
hypothetical numbers to help us consider the budget processes complexities.
End tax cuts for income above 250,000 a year: $54 billion
Institute a Millionaire's tax on income above $1 million: $50 billion
Cut some foreign aid to African countries: $17 billion
Add tax on carbon emissions: $40 billion
Tax banks based on their sizes and risk: $ 73 billion
Return the estate tax to Clinton-era levels: $50 billion
Cancel or delay some weapons programs: $19 billion
I would recommend ending tax cuts for those with household income over $250,000 as this
would save the nation around $1 trillion over 10 years and would be a major first step in
allowing the wealthy to pay their fair share of taxes (Americans for Tax Fairness, 2019).
