While Tea Partiers and the GOP faithful continue to suggest cuts to vital services for most Americans, Bernie Sanders is fighting back with a budget proposal that aims to even the playing field. In his own words:
We demand a budget that puts millions of Americans back to work in decent paying jobs and ensures profitable corporations and the wealthiest Americans pay their fair share. We demand a budget that does not cut Social Security, Medicare or Medicaid benefits.
At his web site, Sanders shares some startling statistics about the current state of the economy:
There’s also this chilling look at how the bottom 60% of Americans divide among them just 1.7% of the country’s wealth:
It’s hard to say which telling graphic is more startling. Sanders also shares alarming information on corporate taxes in the U.S., explaining:
In 1952, 32 percent of all of the revenue generated in this country came from large corporations. Today, less than 10 percent comes from corporate America.
So what does Bernie Sanders propose to do? He focuses on 10 main points, 7 of which have to do with taxes. Some of these include:
removing offshore tax havens for corporations,
ending tax breaks for oil, gas, and coal companies,
establishing increasing estate taxes on estates worth over $3.5 million dollars.
repealing the Bush tax breaks for the top 2%,
applying the tax on Social Security without capping income.
In addition to tax issues, Sanders suggests that Medicare should have to negotiate for lower drug prices; that China and other countries that manipulate currency should be subject to fees; and that Pentagon should cut spending, especially on Cold War-era weapons.
Supporters of the Sanders proposal can make their voices heard by signing this petition called “Let’s Pass a Fair Budget.”