Idea for Avoiding the Fiscal Cliff: 4 X 4 X 4

How about this idea for 4 year plan:

  • 4% across the board income tax surcharge for all taxpayers regardless of income bracket
  • 4% across the board reduction in real spending (not projected increases in funding) for year one
  • In each subsequent year, total real spending has to decrease an additional 4% (it doesn’t have to be 4% across the board though)
  • At the end of 4 years, the income tax surcharge expires automatically
  • If in any year, total real spending doesn’t decrease 4%, the Income Tax surcharge is suspended
  • If in any year, total real spending doesn’t decrease by 4% the permanent base pay of members of congress, congressional political staffers, POTUS, VPOTUS, and executive branch political staffers decreases by 4%

Its better then the cliff. Also a “4 year” plan sounds like a “5 year” plan so the lefties should like that. I think Instapundit’s  ideas should be included as well.

Call it the Purpleslog 4 x4 x 4 Plan.

 

About these ads

One Response

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 224 other followers

%d bloggers like this: