Finally - suggestions from that Debt Commission I think we can all support!!!

[LynneSin]

http://www.huffingtonpost.com/2010/11/16/deficitreduction-panel-me_n_784266.html

Rep. Schakowsky, Debt Commission Member, Introduces Proposal That Doesn't Raise Taxes On Middle Class

WASHINGTON -- After rejecting the deficit-reduction recommendations offered by the chairmen of President Obama's debt commission last week, Rep. Jan Schakowsky (D-Ill.) has drafted a comprehensive proposal of her own.

Schakowsky's plan would reduce the deficit by $427.75 billion in 2015, without raising taxes on middle-class Americans or making cuts to federal expenditures that benefit them. As member of the 18-member debt commission, and outspoken critic of the draft report introduced by former Clinton administration chief of staff Erskine Bowles and former Sen. Alan Simpson, (R-Wyo.), her suggestions carry some weight.

"The middle class did not benefit from the Republican economic policies that led to the current deficit -- they were the victims," Schakowsky told reporters on Capitol Hill Tuesday. "They should not be called upon to pick up the tab."

<<<snip>>>

Increasing economic stimulus was another focus of Schakowsky's agenda, which would provide $200 billion in measures to spur economic growth by funding unemployment insurance and federal job creation programs. She also calls for $132 billion in tax hikes from companies that ship jobs overseas.

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That last tax is something we need YESTERDAY. If companies ship jobs overseas then they should be taxed for it.

[Sherman A1]

1. Great idea

which will probably go no where.

[no limit]

2. She's one of the few good members of that commission. Which means her proposals dont matter

they will be voted down. And that in the end is Obama's fault since he is the one that had control over what this commission looked like. They put in a couple actual liberals (Schakowsky being one) and filled the rest with conservatives.

[johnaries]

3. Alice Rivlin is set to release her set of proposals tomorrow.

K&R