Wednesday, October 12, 2005

Republican woes

In the 2006 midterm elections, Democrats have a good chance of recapturing the congress, at least the House. This is the important part of congress to recapture. The House is the body that issues the Articles of Impeachment. The Democrats need to create an agenda to rally around, like the 1994 Contract with America, in order to have a chance. Here are mine:

Healthcare for all: this would be an insurance plan, not a government takeover of the healthcare industry. The healthcare industry in America is one of the best in the world. Insuring basic access to all is a duty of the government. We spend 15% of GDP on healthcare while leaving 45 million people uninsured.

Tax cuts for the richest Americans is wrong. Rescinding the tax cuts to the upper class and extremely rich would help cure the deficit woes of the nation, while allowing the government to keep the lower- and middle-income tax cuts as well as expanding Federal programs for the low- and middle-income groups.

Revising the Alternative Minimum Tax, while keeping its original purpose. All that is necessary here is to up the minimum income level and increase it year-by-year at the level of inflation. This would also minimize the fiscal impact of such a change.

Increase federal spending on education in order to minimize the state fiscal impact of No Child Left Behind.

Increase funding for IRS enforcement of tax laws. Currently, they are targeted at the lowest income Americans, particularly those claiming the Earned Income Tax Credit (EITC). The areas of particular fiscal importance are the top bracket of the income tax spectrum and corporate tax burdens. This would be assisted with the Paul Wellstone bill that would remove corporations from the bidding process if they have established a mail box in Bermuda to evade federal taxes.

This would, for sure, get the Democrats in at least the House if not the Senate too.

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