To reduce the National Debt by $10 Trillion in 10 Years let the Bush Tax Cuts expire, "Sequestration" Cuts go forward and legislate a .5% (1/2 of 1 %) tax on the buyer and seller of Derivatives contracts over $1 Million in notional value.
Why is this important?
If we really are serious about reducing the National Debt we have to raise taxes on everyone. Why not let current law prevail and let Bush Tax Cuts and "Sequestration" cuts take place for real. Adding a .5% (1/2 of 1 %) transfer fee to the $600 trillion Derivatives market would bring about the most aggressive reduction of debt anyone is proposing.
