Would You Support This Economic Proposal

[OSR stands with Israel]

Tax Policy:


- Cut the top Business tax rate to 25%(this rate applies to any business which have 3 or more employees outside the owners family).

Make these as the rates:

0%: $0-$100,000
10%: $100,000- $500,000
15%: $500,000-$ 2,500,000
20%: $2,500,000-$ 5,000,000
22.5%: $5,000,000- $10,000,000
25%: $10,000,000- $20,000,000

Over 20,000,000 (a flat rate of 22.5%)

- Have the Income rates be(for Joint ):

12% : $ 0-$100,000
22.5% : $ 100,000- $250,000
27.5% : $ 250,000 - $500,000
35%:  $ 500,000- $1,000,000
39.6%: More than a million

Stanard Deduction: Double it



How to pay for tax cut :
- Remove Carried Interest Loophole
- Get rid of the Offshore Tax Deferral Loophole
- Put a 25% wealth tax on off shore tax havens in the first year you collect taxes from those havens
- Make Companies who outsource jobs pay a higher tax then those who dont


Budget Policy:


- Cut Military Spending by 15% over the next 10 years

- end  all Pork Barell Spending

- Give the President a Line Item Review Power(Which means after the president uses this new line item power the revised bill goes back to congress for an up and down vote , and if the revised bill fails the original bill goes back to the President where the president  must sign it or veto it fully)




Healthcare Cost Reform: Allow Prescription Drugs to be imported from Canada , and use that to lower drug prices in the US. Also open up state lines to lower cost of insurance.


Social Security:
-Raise the retirement age to 68(phase in over the next 20 years)

- raise the cap for the payroll tax

-lower benefit to rich retirees.

Infrastructure:

- Invest between 500 billion - 1 trillion in Infrastructure over next 10 years (Use tax money you got from the offshore havens to pay for this, and some of the cuts in military spending)

- Use a lot of that money to fund green infrastructure projects in Appalachia and the South


Education Cost Reform:

- Limit the number of student loans to cover the cost of an in-state college(So around 20k-25k a year per student).


- Give companies tax breaks who pay for part or all of the cost of college for a student.


Reduce the costs of Welfare:

- Raise Min Wage to 11.50 dollars in urban areas , 9.75 dollars in rural areas(Inflation adjusted)

- Hire people who are on welfare to work on an infrastructure project(this should reduce unemployment rate)


Trade Reform :


- Do Trade agreements with individual countries instead of doing multilateral trade agreements

-  Have stricter trade regulations on countries with significantly lower labor standards than with countries with labor standards on par with the US or higher.

Regulatory Reform:
- Reinstate Glass Stegall

- Require all new regulations to be approved by an independent board (there will be 6 members on this board: 1 member appointed by the President, 1 member appointed by the Speaker of the House, 1 member appointed by the Senate Majority Leader, 3 members appointed by the Governors(The majority party gets to select 2 members, the minority party 1 member) and the member appointed by the President gets to break ties)