Stabilizing the Federal Budget
By: Larah Henderson. Kaliah East, Mckenzie Smith
Our goal during this project was to construct a balanced budget in which the United States can use to eliminate the national debt of $21.3+ trillion.
Corporate Income Tax
These are our top changes for decreasing the Nations debt.
Infrastructure and Development
We were about the decrease the amount of money from our debt
By decreasing the amount of jobs will help eliminate duplication of jobs.
Funding isn't being taken away from the civilians for there retirement. Also we are still able to have funding for the Federal Prisons.
This is a very risky move because not everyone will approve .
Due to budget cuts , not a lot of people would agree or we would have to many employees
The congress is not getting there full maximum amount of salary
Original : $61..8 B
New : $58.8 B
Subtract :$3.1 B
Increased % : 0.2%
Highways, Railroads, Other Surface Transportation
Water and Air Transportation
Community and Regional Develpment
New : $30.2 B
Subtract: 1.9 B
Original : $31.6
Increased% : 0.1%
Increased% : 0.0
corporate Income Tax
They may not like all the taxes that are included in this budget.
Due to in increase on task both income and corporate tax
I n 1909 the income rate was 1% for all business income above $5,000 .
PROS & CONS
Decreaseing the Rate
Top 1% cut ties on investments
Surplus :$89 Billion
Years : 240 1/2