Buffet Rule 2017 Congressional Reform Act

The Issue

We The People are asking Congress to install the Buffet Rule with budget improvements to end the deficit.

First, what could be changed:

Pension of former Presidents .. . . .. . . . . ... . .  Reduce from more than $200,000 to 35% of last year of Presidential salary.

Salary of House/Senate members .. . . . .. . . . $174,000 Reduce 5%

Salary of Speaker of the House .. . . . .. ... . . . $223,500 Reduce 20%

Salary of Majority / Minority Leaders . . ..  . . $193,400 Reduce 10%

Fix Tax Code rather than reducing Medicare & Social Security http://www.bankrate.com/finance/taxes/tax-loopholes-mainly-benefit-rich-1.aspx

CBO 2007 study: limiting malpractice awards lowers Medicare cost. http://content.healthaffairs.org/content/26/3/841.abstract

Save Pentagon $125 billion in five ( 5 ) years recommended by DBB: https://apps.washingtonpost.com/g/documents/investigations/the-defense-business-boards-2015-study-on-how-the-pentagon-could-save-125-billion/2236/

#Reimagine Prison https://www.vera.org/publications/the-price-of-prisons-what-incarceration-costs-taxpayers

GAO: 4 Ways Government Can Save http://www.federaltimes.com/story/government/management/budget/2016/04/13/4-ways-gao-says-government-can-save-money/82993642/

What should not be reduced:

Median 2016 Salary of elementary school Teacher . . .. .$55,380

Average 2016 Salary of E3 deployed Soldier . . .. . . . . . . $24,984 not including cost of benefits

Average 2016 Social Security of Retired Seniors .......... $16,092

Income of Medicaid recipient ............ ..  ........ ................  $1,400 to $4,000

We CAN kill the deficit, saving Social Security and Medicare for ourselves!

Warren Buffett, 2011, in an interview with CNBC, offered one of the best quotes about the debt ceiling:


"I could end the deficit in five minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election".

The 26th Amendment ( granting the right to vote for 18 year-olds ) took only three months and eight days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven ( 7 ) took one ( 1 ) year or less to become the law of the land - all because of public pressure.

This is one idea that really should be Installed:

Congressional Reform Act 2017

1. No Tenure. A Congressman / woman collects a salary while in office (Buffet Rule)  by election and receives no Federal pension when they're out of office unless they have worked for the Federal Government 20 years or more and that pension will be no more than 35% of their last year of salary.

All other Federal Government non military employees must work 20 years or more to receive a Federal pension of no more then 35% of their last year of salary.

2. Government may not take or borrow from the Social Security Trust Fund for any reason.

3. Congress may not reduce SocSecurity/Medicare/Medicaid benefits.

4. Congressional pay will rise by the lower of CPI or 3%.

5. Congress must equally abide by all laws they impose on the American people.

Serving in Congress is an honor. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s) as elected and then go home and go back to work.

Congress hasn't proposed any way to kill the deficit while preserving Social Security and Medicare for us and for our children.

It's time.

FIX THE DEFICIT!    SAVE SOCIAL SECURITY and MEDICARE!

 

This petition had 2,690 supporters

The Issue

We The People are asking Congress to install the Buffet Rule with budget improvements to end the deficit.

First, what could be changed:

Pension of former Presidents .. . . .. . . . . ... . .  Reduce from more than $200,000 to 35% of last year of Presidential salary.

Salary of House/Senate members .. . . . .. . . . $174,000 Reduce 5%

Salary of Speaker of the House .. . . . .. ... . . . $223,500 Reduce 20%

Salary of Majority / Minority Leaders . . ..  . . $193,400 Reduce 10%

Fix Tax Code rather than reducing Medicare & Social Security http://www.bankrate.com/finance/taxes/tax-loopholes-mainly-benefit-rich-1.aspx

CBO 2007 study: limiting malpractice awards lowers Medicare cost. http://content.healthaffairs.org/content/26/3/841.abstract

Save Pentagon $125 billion in five ( 5 ) years recommended by DBB: https://apps.washingtonpost.com/g/documents/investigations/the-defense-business-boards-2015-study-on-how-the-pentagon-could-save-125-billion/2236/

#Reimagine Prison https://www.vera.org/publications/the-price-of-prisons-what-incarceration-costs-taxpayers

GAO: 4 Ways Government Can Save http://www.federaltimes.com/story/government/management/budget/2016/04/13/4-ways-gao-says-government-can-save-money/82993642/

What should not be reduced:

Median 2016 Salary of elementary school Teacher . . .. .$55,380

Average 2016 Salary of E3 deployed Soldier . . .. . . . . . . $24,984 not including cost of benefits

Average 2016 Social Security of Retired Seniors .......... $16,092

Income of Medicaid recipient ............ ..  ........ ................  $1,400 to $4,000

We CAN kill the deficit, saving Social Security and Medicare for ourselves!

Warren Buffett, 2011, in an interview with CNBC, offered one of the best quotes about the debt ceiling:


"I could end the deficit in five minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election".

The 26th Amendment ( granting the right to vote for 18 year-olds ) took only three months and eight days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven ( 7 ) took one ( 1 ) year or less to become the law of the land - all because of public pressure.

This is one idea that really should be Installed:

Congressional Reform Act 2017

1. No Tenure. A Congressman / woman collects a salary while in office (Buffet Rule)  by election and receives no Federal pension when they're out of office unless they have worked for the Federal Government 20 years or more and that pension will be no more than 35% of their last year of salary.

All other Federal Government non military employees must work 20 years or more to receive a Federal pension of no more then 35% of their last year of salary.

2. Government may not take or borrow from the Social Security Trust Fund for any reason.

3. Congress may not reduce SocSecurity/Medicare/Medicaid benefits.

4. Congressional pay will rise by the lower of CPI or 3%.

5. Congress must equally abide by all laws they impose on the American people.

Serving in Congress is an honor. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s) as elected and then go home and go back to work.

Congress hasn't proposed any way to kill the deficit while preserving Social Security and Medicare for us and for our children.

It's time.

FIX THE DEFICIT!    SAVE SOCIAL SECURITY and MEDICARE!

 

The Decision Makers

Bernie Sanders
Former U.S. Senator

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Petition created on November 17, 2016