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My budget would include:


Posted: Aug 16, 2012

1) Expiration of the Bush tax cuts at all levels. 
2) Removing the cap on the payroll tax. 
3) Marginal income rate of 50% on the wealthy.and graduated capital gains taxes. 
4) Freezing defense and discretionary spending per the Budget Control Act (part of the fiscal cliff) which caps growth in these categories around 1.5% per year for a decade). 
5) Reducing the COLA for Social Security for wealthier retirees. 
6) Attacking healthcare cost drivers: obesity, defensive medicine, fraud, incentives that reward more care instead of better care, a shortage of doctors and nurses, redundant payment systems, etc.

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