As of 9/09/2012
Veterans Funding using Federal Bonds for Car Loans (Non-Amortized)
Considering the country's economic dilemma it may not and probably won't have the necessary funding, support, or will to provide all the required funding needed for, medical, hospital, drugs, psychological and care needed, either in the short term or longer, for the country's returning War Veterans. If the Republicans gain control of the White House and with the House Republican majority it certainly won't be able to provide the funding without having to defend the reasons for cutting other healthcare programs. So in order to assure the required funding the Federal Government will again provide “Car T Bonds” “NON-AMORTIZED” to fund new and used car loans. Once again the banks and the cars companies will complain about the new loan policy. But the money made on the (non amortized) Car T Bond loans will be put to better use than either by the banks or the car manufacturing companies.
Reduction in Social Security and Medicare Payments
So all Americans including all of Congress, White House staff, or any Government agencies and all other people working in the US having over $300,000 in income after retirement, will receive no Social Security payments and will have Medicare be their secondary insurance. This is an effort to offset the required reduction in entitlement funding and and effort to stop adding to the national deficit.
New Lobbyist's Requirements
Lobbyists shall meet with Congressional members, White House staff and government agencies only during business hours in business locations and restaurants (but not after working hours). This is an attempt to limit the influence lobbyists is having on Federal Government staff. All government personnel will report any money, gifts, vacations, presents, and any and all considerations with the value of over $1,000.00 given by any one person and/or all lobbyists. The paparazzi shall be allow and paid for helping in the enforcement of this law. Breaking this new law will be determined by Congressional members.
Campaign Finance Reporting
The Senate shall use the same Campaign funding reporting as the House representatives & White House staff. This will save money and improved efficiency in reporting campaign financing.
Foreigners Health Insurance Requirement
People from foreign countries shall have health insurance upon entering the United States including US territories and all foreigners shall notify US Customs in advance with the name, info, phone number, street address, CO of company and coverage amount of the insurance or shall take out immediate term health insurance with an American Health Insurance Co. The Customs Dept shall verify each foreigner's insurance before entry into the US.
The Extensive (Long Term) Louisiana Gulf Food/Oil Act.
If there is a lack of funding by Congress for Louisiana Coastal Restoration, then a resulting loss of GOM oil and GOM sea food (shrimp, fish & blue-claw crabs, etc.) production will likely occur which will result in probably higher sea-food and oil prices for all Americans.
Congress must understand and realize how restoration of Louisiana's Gulf Coast is important to all Americans and most important to southern Louisiana's work force and its economy. But given today's present economy and the proposed budget cuts by both political parties and without new sources of revenue (new revenue is opposed by the Republicans and the policy of Grover Norquist) the restoration of the Gulf Coast will not happen, not in this generation.
So in response to the lack of funding/money for Coastal Restoration, I propose to increase the amount of federal automobile gasoline excise tax (currently 18.4 cents-a-gallon) to 20 cents-a-gallon and using 50% of the 20 cents, (10 cents to Federal Government for road building/repair and 10 cents for Louisiana Coastal Restoration) and placing the new tax on gasoline manufacturing companies. Given that oil company profits have increased substantially in comparison to the increase in the cost of a barrel of oil, this small increase in tax (20 cents-a-gallon) should not cause havoc to these oil companies bottom line.
Therefore, the price of gasoline on automobiles will drop approximately 18.4 cents-a-gallon or about an average of $6.00 day for all US auto drivers. This is not a enormous amount of savings for each American,however the amount of gasoline excise tax Louisiana would receive (50% of the total) is a big deal for Louisiana's Gulf Coast and its restoration. To put this in prospective, the amount of money saved by all Americans will be about 72 million a day (about 26.56 billion dollars a year), Revenue from the excise tax (10 cent-a-gallon) would provide about 39.6 million dollars a day (about 14.4 billion dollars a year) for Louisiana Coastal Restoration, which would be a terrific start and spur job development in southern Louisiana. It will cost the oil companies about 26.56 billion dollars a year, extra, but considering the average amount of money spent by all Americans a year on gasoline (144 billion gallons a year at $3.50) is
1/2 trillion dollars.
Eliminate "Carry Interest" Tax Break
All money made regardless the method or type of investement will be considered income. Invenstements that are "chased out", or "paid out", dividens, interests, rent, or the sale of property, business, home (with out re-investement), alimony, commissions of any type, bonues of any type, will be considered taxable income under the plan/proposal of the Flat and Fair Incomet Tax listed on this website.