Rubio’s Spending Cuts Plan: End Tax Benefits For The Middle Class While Extending Them For The Rich
OPS_admin | Jul 26, 2010 | Comments 0
Earlier this month, Florida GOP U.S. Senate candidate Marco Rubio unveiled his economic plan which is basically just a double-down on the Bush tax cuts with, as the Wonk Room’s Pat Garofalo noted, “an unspecified corporate tax cut thrown on top for good measure.” How does Rubio plan to pay for all these tax cuts? His campaign “couldn’t give an answer.”
Today, Rubio laid out a new plan to cut spending — “12 Simple Ways To Cut Spending,” his campaign calls it. The plan contains many ideas that would do very little in terms of paying down the debt and reducing the deficit — including eliminating earmarks, reducing the size of the federal bureaucracy, and cutting Congressional and White House budgets. Others are outright gimmicks, such as allowing taxpayers to allocate taxes to the debt and calling for a balanced budget amendment.
But also, Rubio — like some of his colleagues on the right — wants to end the stimulus program:
• IDEA #4: End The Stimulus Program And Use The Savings To Cut The Debt. We must end the wasteful stimulus program that has failed to create jobs. Stimulus money that has not been spent should be used for something that will actually help the economy and create jobs, or to pay down the debt. Canceling unspent stimulus funds could save over $300 billion.
Full Story: Think Progress » Rubio’s Spending Cuts Plan: End Tax Benefits For The Middle Class While Extending Them For The Rich.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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