Collected Comments to the United States Congress Volume III Health: The Center For Fiscal Equity Large Print Collector's Edition

Name: Collected Comments to the United States Congress Volume III Health: The Center For Fiscal Equity Large Print Collector's Edition
Author: Michael Bindner
ISBN: 9781730758614

Michael Bindner

Language: English

Published by Independently published, 2018

1730758614 / 9781730758614

Series: Book 3 of 6 - Collected Comments from The Center for Fiscal Equity to the United States Congress

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Title: Collected Comments to the United States Congress Volume III Health: The Center For Fiscal Equity Large Print Collector's Edition
Author: Michael Bindner
Publisher: Independently published
Publication year: 2018
Condition: Brand New
Binding: Paperback
Language: English
ISBN 10: 1730758614
ISBN 13: 9781730758614
Item weight: 0.7 kilograms
Series: Book 3 of 6: Collected Comments from The Center for Fiscal Equity to the United States Congress

Volume III covers hearings on health care reform, Medicare and Medicaid.The theme of all of these comments has been to create a society of more liberty and cooperation, where employee-owned companies take over both consumer and governmental functions, enabled by tax reform and the diversion of Social Security funds toward more employee-ownership, albeit with an insurance fund off all such companies holding a third of shares to insure against losses and to step in when management may be either ineffective or corrupt, as determined by one quarter of the ownership shareholders. Our four-part plan executes this vision:•A Value Added Tax (VAT) to fund domestic military spending and domestic discretionary spending with a rate between 10% and 13%, which makes sure very American pays something.•Personal income surtaxes on joint and widowed filers with net annual incomes of $100,000 and single filers earning $50,000 per year to fund net interest payments, debt retirement and overseas and strategic military spending and other international spending, with graduated rates between 5% and 25% in either 5% or 10% increments. Heirs would also pay taxes on distributions from estates, but not the assets themselves, with distributions from sales to a qualified ESOP continuing to be exempt.•Employee contributions to Old Age and Survivors Insurance (OASI) with a lower income cap, which allows for lower payment levels to wealthier retirees without making bend points more progressive.•A VAT-like Net Business Receipts Tax (NBRT), essentially a subtraction VAT with additional tax expenditures for family support, health care and the private delivery of governmental services, to fund entitlement spending and replace income tax filing for most people (including people who file without paying), the corporate income tax, business tax filing through individual income taxes and the employer contribution to OASI, all payroll taxes for hospital insurance, disability insurance, unemployment insurance and survivors under age sixty.Our consumption tax proposals are not so much to give more money to plutocrats for saving, since we retain a high income and inheritance surtax, but so that most families can avoid tax filing at all and regional value added taxes funding discretionary spending will provide an incentive to reduce wasteful pork barrel projects, especially on the military side. A subtraction VAT will include both an expanded Child Tax Credit and several options for employers, especially cooperative ones, to take over programs now funded by the government, such as remedial literacy education replacing TANF. Single Payer, the public option and single-payer catastrophic, as well as employer-provided care, are also explored.Michael Bindner is the Principal Researcher at the Center for Fiscal Equity. He as a B.A. in Political Science from Loras College and an M.P.A. from the American University.

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