POLI 330N WEEK 6 ASSIGNMENT, DISCUSSION – COMPLETE(Graded A+) LATEST UPDATE

POLI 330N WEEK 6 ASSIGNMENT, DISCUSSION – COMPLETE You are an advisor to the President tasked with cutting at least $300 billion from the budget. The president wants your recommendations to cut lines, not large categories. Submit your recommendations and your reasoning for such recommendations using these guidelines: - Use evidence (cite sources) to support your recommendations from assigned readings or online lessons, and at least one outside scholarly source. - Use the format provided below to present your numbers and totals followed by an explanation below the chart. - Please note that these are not true US budget numbers, but are reasonable hypothetical numbers to help us consider the budget processes complexities. End tax cuts for income above 250,000 a year: $54 billion Institute a Millionaire's tax on income above $1 million: $50 billion Cut some foreign aid to African countries: $17 billion Add tax on carbon emissions: $40 billion Tax banks based on their sizes and risk: $ 73 billion Return the estate tax to Clinton-era levels: $50 billion Cancel or delay some weapons programs: $19 billion I would recommend ending tax cuts for those with household income over $250,000 as this would save the nation around $1 trillion over 10 years and would be a major first step in allowing the wealthy to pay their fair share of taxes (Americans for Tax Fairness, 2019).