Ed for Congress 2006

Democrat 20th District

Balanced Budget

Limit taxes, limit spending

Dissolve the private bank called the Federal Reserve Bank

Payoff the national debt

• Yearly interest payments are currently over $350 billion per year

How

• Limit Federal spending to income or less
• Simple progressive income tax, no tax on first $20,000 of income
• Lower tax rate below $100,000
• Raise tax rate above $300,000 to 45%
• Increased tax rate above $300,000 will generate net at least $120 billion
• No loopholes, no deductions
• Tax wealth at 1% only exemption no tax on first $1,000,000 of wealth
• Tax wealth at 2% above $10,000,000 of wealth
• Tax wealth at 3% above $1,000,000,000 of wealth
• New tax on wealth will generate at least $240 billion
• Moratorium on interest payments that are not social security IOUs, $310 billion
• Abolish the private bank called the Federal Reserve Bank of the United States




Todays Federal Budget


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