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This page contains all of the posts and discussion on MemeStreams referencing the following web page: The Millionaire Subsidy Elimination Act. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

The Millionaire Subsidy Elimination Act
by w1ld at 8:46 pm EST, Dec 9, 2011

We propose a new law: Let's call it The Millionaire Subsidy Elimination Act. It would prohibit anyone with an annual income over $1 million from receiving any government benefits. There's a big advantage to cutting benefits to millionaires rather than raising their tax rates to 40% or 50%. Slashing expenditures would help grow the economy, while raising tax rates would hurt U.S. competitiveness and job creation.

Let us be clear on one point: We do not mean to demean the wealthy. The gratuitous bashing of rich people by the president and so many others in Washington is downright offensive. The United States is an affluent society because Americans reap rewards when they employ their talents, their innovative ideas, their entrepreneurial drive, and their sweat equity in ways that make products or provide services we all enjoy.

Senator Coburn's report:

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