Trump’s budget emboldens the government to go after students who don’t pay their loans, limits repayment choices and more.
HR 676 would be funded by…..
he program is funded: (1) from existing sources of government revenues for health care, (2) by increasing personal income taxes on the top 5% of income earners, (3) by instituting a progressive excise tax on payroll and self-employment income, (4) by instituting a tax on unearned income, and (5) by instituting a tax on stock and bond transactions. Amounts that would have been appropriated for federal public health care programs, including Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP), are transferred and appropriated to carry out this bill.
All Taxes are Constitutional and have been implemented before, the top rate of Income Tax would still far lower than where it was in 1980.
An Economic Program for Progressives.
Wall Street speculators – not the American people – are responsible for the ongoing economic depression. Make them pay! We demand a 1% sales tax on stocks, bonds and derivatives to stop all state and federal budget cuts.