Tuesday, December 18, 2012

US Fiscal Cliff Trade-off #28: School Security Construction Fixups in Exchange For Stiff Excise Tax on Firearms and Ammunition and Gross Receipts Tax on Lobbying Firms Like the NRA

In the President’s previously proposed American Jobs Act, which didn’t pass the US Congress, were $30 bil of School Contruction Fixups.  This was part of the President’s much needed job-creating US Infrastructure Investments.

My recommendation here is to invest in a substantial amount of School Security Construction Fixups.  The purpose here is to make it extremely difficult for someone armed to be able to break into a School.

My definition of Schools, both Public and Private ones, would include not just K-12 Schools, but also large facilities holding many even younger children.

And my definition of School here would also include Community Colleges, Public Universities, and Private Universities.

And then there should be very healthy grants for a portion of other School Construction Fixups, including energy efficiency investments, which both save future energy costs and help us on climate change.

So, how to pay for these substantial job-creating School infrastructure investments?

Well, the energy efficiency investments should be designed so that they do not cost the US Government a dime, in the long run.  How?  By having the US Government share in a portion of the subsequent years’ energy cost savings.

And the remaining of the School Infrastructure Investments, including the Security Construction Investments, should be paid for by a very stiff US Federal Excise Tax on both the purchaser and on the seller of every firearm and on all ammunition.  And this US Federal Excise Tax should be a progressive one, where the percentage increases as the total purchase price increases.

Also, there should be a continuing annual very healthy US Federal License Fee paid for each firearm held by US citizens.

And lastly, there should be a hefty, very progressive US Federal Gross Receipts Tax on all receipts of non-profit organizations, like the National Rifle Association, the American Petroleum Institute, the Business Roundtable, the Chamber of Commerce, the American Hospital Association, America’s Health Insurance Plans, and the American Pharmaceutical Association, all involved heavily in lobbying for industry special interests.

When you think about all of the above non-profit organizations, they have all, without exception, severely damaged one or more of the following:  the nation’s security, the US economy, full-time US job creation at a livable wage, economic fairness between the wealthy and everyone else, and the US Debt level.   

And also any political non-profit organization should pay this stiff US Federal Gross Receipts Tax.

It should be easy to design this overall multi-faceted package such that there ends up being a substantial US Debt reduction, which can be used to help solve the US Fiscal Cliff.