War Is Making You Poor Act

The War Is Making You Poor Act (H.R. 5353), introduced by Rep. Alan Grayson on May 20, 2010, was a bill which aimed to cut funding for the Iraq War and Afghanistan War, and use the proceeds to eliminate federal income taxes on every American's first $35,000 of income. The bill garnered the support of 18 co-sponsors in Congress including Ron Paul (R-TX), Walter Jones (R-NC), John Conyers (D-MI), Lynn Woolsey (D-CA) and Dennis Kucinich (D-OH).[1][2] $159.3 billion in war spending would have been affected; the $548.9 billion base war budget would remain in place, as would the approximately $75 billion black budget.[3]

References

  1. ↑ , OpenCongress.org, H.R.5353 The War Is Making You Poor Act, accessed 2010-06-11
  2. ↑ , Rep Alan Grayson Introduces the War Is Making You Poor Act, accessed 2010-06-11
  3. ↑ July 26, 2010, Goodman: Deficit doves, StAugustine.com
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