You are an advisor to the president tasked with cutting at least $300 billion from the budget. Explain why

you chose those cuts.

Domestic programs and foreign aid

foreign aid to African countries$17 billion, eliminate farm subsidiaries$14 billion,

cut pay of civilian federal workers by 5% $14 billion, reduce the overall federal workforce by 10% $12 billion,

cut aid to states by 5% $29 billion

Military’s

cut the number of nuclear warheads, and end the “star wars” missle defense program $19 billion, reduce military to pre Iraq war size and further reduce troops in Asia and Europe $25 billion, cancel or delay some weapon programs $19 billion

healthcare

enact medical malpractice reform by reducing the chances of large malpractice verdicts $8 billion, increase Medicare eligibility age to 68 $8 billion, raise social security retirement age to 68 $13 billion,

existing taxes

return real estate taxes to Clinton-era levels, passing on an estate worth more than $1 million to their heirs would have portions of those estates taxed. $50 billion, end tax cuts for income above $250k a year, $54 billion, end cuts for income below $250 a year $172 billion, payroll tax increase for people making over $106k annually contributing more to social security and Medicare $50 billion

new taxes

institute a millionaire’s tax on income above $1 million $50 billion, add a national 5% sales tax $41 billion, add a tax on carbon emissions $40 billion, tax banks based on their sizes and the amount of risk they take $73 billion

Total gap covered by your budget plan $__________________

APA format

reference list (at least 2)

no more than 1 1/2 pages please

understanding politics: ideas, institutions, and issues Magstadt