DOMESTIC PROGRAMS AND FOREIGN AID

You are an advisor to the President tasked with cutting at least $300 billion from the budget. The president wants your recommendations to cut lines, not large categories. Explain why you chose those cuts. Note: These are not true US budget numbers. DOMESTIC PROGRAMS AND FOREIGN AID Cut some foreign aid to African countries  $17 billion   Eliminate farm subsidies  $14 billion   Cut pay of civilian federal workers by 5 percent  $14 billion   Reduce the overall federal workforce by 10%  $12 billion   Cut aid to states by 5%  $29 billion MILITARY Cut the number of nuclear warheads, and end the “Star Wars” missile 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 weapons programs  $19 billion HEALTHCARE Enact medical malpractice reform by reducing the chances of large malpractice verdicts  $ 8 billion   Increase the Medicare eligibility age to 68  $ 8 billion   Raise the Social Security retirement age to 68.  $ 13 billion EXISTING TAXES Return the estate tax 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 $250,000 a year  $ 54 billion   End tax cuts for income below $250,000 a year  $ 172 billion   Payroll tax increase for people making over $106,000 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   $_________________ Use evidence (cite sources) to support your response from assigned readings or online lessons, and at least two outside scholarly sources.

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