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nitial Post InstructionsYou are an advisor to the President tasked with cutting at least $300 billion from the budget. The president wants your recommendations to cut lines, not large categories. Explain why you chose those cuts.Note: These are not true US budget numbers.DOMESTIC PROGRAMS AND FOREIGN AIDCut some foreign aid to African countries$17 billionEliminate farm subsidies$14 billionCut pay of civilian federal workers by 5 percent$14 billionReduce the overall federal workforce by 10%$12 billionCut aid to states by 5%$29 billionMILITARYCut the number of nuclear warheads, and end the “Star Wars” missile defense program$19 billionReduce military to pre-Iraq War size and further reduce troops in Asia and Europe$25 billionCancel or delay some weapons programs$19 billionHEALTHCAREEnact medical malpractice reform by reducing the chances of large malpractice verdicts$ 8 billionIncrease the Medicare eligibility age to 68$ 8 billionRaise the Social Security retirement age to 68.$ 13 billionEXISTING TAXESReturn the estate tax to Clinton-era levels, passing on an estate worth more than $1 million to their heirs would have portions of those estates taxed.$ 50 billionEnd tax cuts for income above $250,000 a year$ 54 billionEnd tax cuts for income below $250,000 a year$ 172 billionPayroll tax increase for people making over $106,000 annually contributing more to Social Security and Medicare.$ 50 billionNEW TAXESInstitute a Millionaire’s tax on income above $1 million$ 50 billionAdd a national 5% sales tax$ 41 billionAdd a tax on carbon emissions$ 40 billionTax banks based on their sizes and the amount of risk they take.$ 73 billionTotal gap covered by your budget plan$_________________Use evidence (cite sources) to support your response from assigned readings or online lessons, and at least one outside scholarly source.Follow-Up Post InstructionsRespond to at least two peers or one peer and the instructor. Further the dialogue by providing more information and clarification. Minimum of 1 scholarly source, which can include your textbook or assigned readings or may be from your additional scholarly research.

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