To: campaign, The United States House of Representatives, and The United States Senate
Tax Campaign Donations to Offset the Deficit.
PACs, corporations, unions and individuals who contribute more than $5000 to a candidate, candidate committee or other PAC, or more than $15,000 to a political party with a one-year period should pay a 10 percent tax on their donation directly to the federal government and earmarked to offset the deficit.
Why is this important?
Have the PACs, corporations, unions and individuals who contribute more than $5000 to a candidate, candidate committee or other PAC or more than $15,000 to a political party within one year pay a 10 percent tax on their donation directly to the federal government and earmarked to offset the deficit.
All the people and groups who whine about higher taxes for the wealthy and the deleterious effect of the deficit, but who can afford to contribute tens or hundreds of thousands to even millions of dollars to political campaigns, can immediately help to offset the deficit which in turn would reduce the need for their taxes to go up regardless of who wins in the upcoming election.
All the people and groups who whine about higher taxes for the wealthy and the deleterious effect of the deficit, but who can afford to contribute tens or hundreds of thousands to even millions of dollars to political campaigns, can immediately help to offset the deficit which in turn would reduce the need for their taxes to go up regardless of who wins in the upcoming election.