5/17/2020 Debtfixer | Committee for a Responsible Federal Budget Return to main display We suggest creating a PDF and sending this to your representative. Right click and select Print. In "Destination" menu, select "Save as PDF" Save to your desktop, then attach le to email or fax. Education, Infrastructure, and Research Enact $500 Billion Relief Package $630B Double the NIH Research Budget $510B Limit Highway Spending to Current Revenue $220B Devolve K-12 Education to the States $540B Replace Current Student Loan Subsidies with Income-Based Repayment $140B Defense in billions End the Wars in Iraq and Afghanistan $740B Return Defense Spending to 2017 Levels $970B Provide a Pathway to Citizenship for Undocumented Immigrants $210B Social Security Slow Bene t Growth for Top 70% of Earners Raise Payroll Tax Rate by 1% Means-Test Bene ts for High-Earning Seniors $160B $560B $160B Health Care Increase Obamacare Subsidies www.crfb.org/debtfixer/ $670B 1/3 5/17/2020 Debtfixer | Committee for a Responsible Federal Budget Modernize Medicare Cost-Sharing $260B Increase Medicare Premiums for High-Income Bene ciaries $190B Reduce Medicare Drug Spending with Negotiation $240B Reform Medicare Provider Payments $250B Allow Private Plans to Compete with Medicare $360B Eliminate Medicaid Provider Taxes $470B Other Domestic Spending Freeze Non-Defense Appropriations for Two Years Require States to Cover One-Quarter of the Cost of Food Stamps $370B $240B Individual Income Tax Eliminate the Mortgage Interest Deduction $270B Limit the Charitable Deduction $370B Eliminate the State and Local Tax Deduction $240B Institute a Cap on the Health Insurance Tax Exclusion $660B Other Taxes in billions Increase Corporate Tax Rate to 25% $500B Eliminate Business State and Local Tax Deduction $280B Repeal Targeted Corporate Tax Breaks $140B Move to Full Expensing $1200B Enact a Carbon Tax $1420B Lower Estate Tax Exemption to $5+ Million www.crfb.org/debtfixer/ $130B 2/3 5/17/2020 Debtfixer | Committee for a Responsible Federal Budget Increase Cigarette and Alcohol Taxes $200B Eliminate the \"Pass-Through\" Business Deduction $690B Debt as Percentage of GDP 89% 2030 59% 2050 Savings relative to current law (billions) $ 8730 Your Savings 1920 Defense -240 Investments 1640 Social Security 1100 Health Care 610 Domestic 1540 Income Tax 2160 Other Taxes www.crfb.org/debtfixer/ 3/3