AUTHOR: Fiscal Future, Site Administrator
Jun 26, 2010

On June 26, 2010 thousands of Americans in dozens of cities across the US came together to find common ground on tough choices about our federal budget.

Approximately 3,500 participants sent a strong message to leaders about the importance of action to strengthen the nation’s 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:

• Raise the limit on taxable earnings so it covers 90% of total earnings.
• Reduce spending on health care and non-defense discretionary spending by at least 5%.
• Raise tax rates on corporate income and those earning more than $1 million.
• Raise the age for receiving full Social Security benefits to 69.
• Reduce defense spending by 10% – 15%.
• Create a carbon and securities-transaction tax.

You can read more about the event, and watch video from the town hall meetings, at:
http://usabudgetdiscussion.org