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Destructive Neoliberal Austerity

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Stephen Lendman
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-- shielding insurers and drug giants from malpractice lawsuits by making it harder to file them; then capping non-economic and punitive damage awards, suits to be adjudicated in "specialized malpractice courts," that may, in fact, be civilian equivalents of military commissions, used to deny so-called "terrorists" due process and judicial fairness;

 

-- instituting a 6.5% national sales tax (called a Debt Reduction Sales Tax - DRST); like European VATs (value added taxes), they'll hit ordinary people hardest and can be incrementally raised anytime to hit harder;

-- simplifying the tax code to two brackets (15 and 27%), favoring the rich; regressively cutting the top personal and corporate tax rate from 35% to 27%, claiming it "will make the tax system more progressive;"

-- eliminating home mortgage and most other deductions and credits;

-- taxing employer provided health insurance to encourage less comprehensive coverage and make healthcare cost more; 

-- freezing non-defense discretionary spending for four years, then capping it according to GDP growth - a prescription to slash social benefits, perhaps eliminating them later;

-- freezing "discretionary" defense spending for five years, then capping it with GDP growth; doing it, among other ways, by "reforming military health care;" in other words, cutting veterans' (and perhaps active duty forces') health benefits; and

-- various other schemes hitting working households hardest.

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