PHILADELPHIA, PA -- Thousands of Americans across 60 cities participated in a national discussion today on AmericaÕs fiscal future. Reflecting the nationÕs rich diversity, approximately 3,500 participants sent a strong message to leaders about the importance of action to strengthen the nationÕs economy in the short-run and their willingness to make tough choices to address growing deficits over the long-term. Reforms that were preferred by participants at the National Town Meeting included options that:
á Raise the limit on taxable earnings so it covers 90% of total earnings.
á Reduce spending on health care and non-defense discretionary spending by at least 5%.
á Raise tax rates on corporate income and those earning more than $1 million.
á Raise the age for receiving full Social Security benefits to 69.
á Reduce defense spending by 10% - 15%.
á Create a carbon and securities-transaction tax.
The bolded ones (my bolds) are, of course, the really important ones.
(via jro by email)