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Total annual savings from budget cuts and new revenue:
$980 billion
Reallocation:
MILITARY SPENDING
End all wars
Close all overseas bases
Close unneeded domestic bases
End all military foreign aid
Total nuclear disarmament
Reduce weapons procurement and R&D
Cut waste in operations
Health care savings from moving to Medicare-for-All
WEALTHY INDIVIDUAL TAXATION
Limit tax deductions for the richest 2%
Close loopholes that allow the very wealthy to shield income from taxation
Place a 5%-5.6% surtax on the incomes of millionaires or multimillionaires
CORPORATE TAXATION
End corporate tax breaks for shifting jobs and profits offshore
Close other corporate tax loopholes and tax breaks
END CORPORATE WELFARE
END THE WAR ON DRUGS
PARDON PEOPLE WITH DRUG RELATED OFFENSES
$ 492
$ 100
$ 100
$ 2
$ 14
$ 43
$ 100
$ 100
$ 33
$ 246
$ 51
$ 160
$ 35
$ 76
$ 60
$ 16
$ 100
$ 50
$ 16
MEDICARE-FOR-ALL
(beyond existing funding for Medicare and Medicaide)
FREE HIGHER EDUCATION TUITION
(100% paid for by the federal government)
STUDENT LOAN FORGIVENESS
(over five years)
OIL COMPANY NATIONALIZATION
(over seven years)
DOMESTIC ONE-CHILD POLICY INCENTIVES
PUBLIC FUNDING FOR ELECTIONS
PUBLIC FUNDING FOR MEDIA
REPARATIONS
ECOLOGICAL RESTORATION
INTERNATIONAL ONE-CHILD POLICY FUNDING
$ 100
$ 70
$ 320
$ 200
$ 120
$ 20*
$ 20*
$ 60
$ 50
$ 20
*Estimate
Sources:
Americans for Tax Fairness
Sustainable Defense Task Force
Institute for Policy Studies
Drug Policy Alliance
Democracy Collaborative
Howie Hawkins, Green for President
Bernie Sanders, U.S. Senator for Vermont
Marianne 2020