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Tax Dollars And Sense
To break through the ideological divide that has dominated Washington this past year and offer a pathway to address the nation’s fiscal problems, the National Taxpayers Union and Illinois PIRG joined together to identify mutually acceptable deficit reduction. The report, "Toward Common Ground," documents our findings.
The study identifies 54 specific cuts in federal spending, including:
- $214.9 billion in savings from eliminating wasteful subsidies to agribusiness and other corporations.
- $428.8 billion in savings from ending low-priority or unnecessary military programs
- $232.3 billion in savings from improvements to program execution and government operations.
- $132.1 in savings from reforms to major entitlement programs
My colleague, Dan Smith said it best, "In an effort to address the deficit, we too often forget to differentiate between the good and the bad; between public priorities and special interest handouts. These recommendations correct years of insider lobbying that has benefited narrow interests allowing room either for investment in valued programs or deficit reduction."
To read the full report, go here.