President Obama’s New Contract with America

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… politicians seem biologically incapable of simple, practical proposals

I offer the following policy notice to President Obama.  I’d be honored if he took it and ran with it.

Proposed Public Policy Notice:

Pres. Obama, using executive powers, today ordered the IRS to add a voluntary contribution line to all Tax Filing Documents.  Funds collected through this program will be placed into a secured public trust managed by the US Treasury with instructions to use said funds:

  1. To pay down the national debt; and thereafter,
  2. To fund the equal buy down of all home mortgages in an amount not to exceed $100,000 over the life of each person as filed, with those individuals making more than $250,000 a year and couples filing jointly making more than $500,000 a year ineligible for the buy down program; and thereafter,
  3. To fund an equal portion of each citizen child’s education through 2 years post-high school.

This contribution will be a voluntary after-tax contribution until such a time the Congress sees fit to pass legislation making it a pre-tax deduction and thus providing an additional incentive for citizens to put their money where their mouth is.

President Obama credits [any millionaire] who professes to care about the poor and/or middle class for this program and has in hand [said person’s] contractual agreement to contribute no less than 10% of every dollar he/she makes over and above $250,000 a year.

President Obama joins [said millionaire] in signing an identically similar Contract with America and challenges each and every American, particularly those with a net worth over 1 million dollars, to participate in this moment of truth.

 

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Note to Self: Stop drinking so much coffee before bed time because workable ideas are coming out as rants and I’m likely to lose favor with an audience that otherwise might appreciate the workability of these midnight inspirations.

#president-obama-executive-order, #using-presidential-power