H.R.5353 - War Is Making You Poor Act
To reduce the $159.3 billion from the discretionary overseas contingency operations funds in the President's fiscal year 2011 budget for operations in Iraq, Afghanistan, and Pakistan (without preventing use of mandatory funds from the Department of Defense budget to execute the War on Terror), and amend the Internal Revenue Code of 1986 to provide individuals a "War is Making You Poor" tax credit against the savings attributable to the overseas contingency operations reduction. view all titles (3)
All Bill Titles
- Official: To reduce the $159.3 billion from the discretionary overseas contingency operations funds in the President's fiscal year 2011 budget for operations in Iraq, Afghanistan, and Pakistan (without preventing use of mandatory funds from the Department of Defense budget to execute the War on Terror), and amend the Internal Revenue Code of 1986 to provide individuals a "War is Making You Poor" tax credit against the savings attributable to the overseas contingency operations reduction. as introduced.
- Popular: War Is Making You Poor Act as introduced.
- Short: War is Making You Poor Act as introduced.
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OpenCongress Summary
This bill would eliminate $154 billion of supplemental war funding from the 2011 budget and use the savings to give all U.S. citizens an income tax credit. According to Rep. Grayson, the savings would be "enough to eliminate federal income taxes for the first $35,000 of every American's income." Beyond the tax credit, $15 billion would be left over for paying down the federal deficit.This bill would not defund the Iraq and Afghanistan wars. It would required the Defense Department to use their regularly allocated funds (approx. $549 billion) for their operations.
Official Summary
5/20/2010--Introduced.War is Making You Poor Act - Limits amounts made available to the Department of Defense (DOD) in any appropriations Act for fiscal year 2011 that may be available for the base budget or for overseas contingency operations in Iraq, Afghanistan, or Pakistan. Amends theOfficial Summary
5/20/2010--Introduced.War is Making You Poor Act - Limits amounts made available to the Department of Defense (DOD) in any appropriations Act for fiscal year 2011 that may be available for the base budget or for overseas contingency operations in Iraq, Afghanistan, or Pakistan. Amends the Internal Revenue Code to allow individual taxpayers whose modified adjusted gross income is $35,000 or less ($70,000 for married couples) a tax credit (designated as the War is Making You Poor Tax Credit) equal to their net income tax liability for the first taxable year beginning in 2011....Read the Rest
Recent News Coverage
RE: H.R.5353
I have introduced a bill called The War is Making You Poor Act, HR 5353. This bill requires that the war be funded by the Pentagon's base budget - "only" ...
RE: H.R.5353
HR 5353 is a start, as it would remove 159 billion from the military and force them to pay for the wars with the 549 billion regular military budget. ...
Limit US war spending
Alan Grayson, D-Fla., with his proposed bill HR 5353 — the "War Makes You Poorer" act. Grayson's proposed bill will limit the Obama regime's war spending ...
Recent Blog Coverage
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All Bill Titles. Short: Internet Freedom Preservation Act of 2008 as introduced.Popular: Internet Freedom Preservation Act of 2008 as .
Alan Grayson Exits Congress Swinging At John Boehner, Tea Party
As the 11th wealthiest Congress member ($32mil) Grayson intro'd H.R.5353 "War Funding Act" which would have CUT the DEFICIT by nearly $16 bil. Supported H.R. 3221 "Fiscal Responsibility Act" defunding ACORN. ...
Alan Grayson in war is not useless - Part 2 (2010) - HR 5353 ...
Alan Grayson in war is not useless - Part 2 (2010) - HR 5353. May 24, 2010 www.amazon.com Watch more: thefilmarchived.blogspot.com The War Is Making You Poor Act (HR5353), introduced by Rep. Alan Grayson on May 20th, 2010, ...
Latest Letters to Congress
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H.R.5353 War Is Making You Poor Act
heidishira
January 12, 2012
I am writing as your constituent in the 9th Congressional district of Massachusetts. I am writing as your constituent in the 9th Congressional district of Massachusetts. I support H.R.5353 - War Is Making You Poor Act , and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Heidi Tannenbaum -
H.R.5353 War Is Making You Poor Act
Jaonion
December 01, 2011
I am writing as your constituent in the 5th Congressional district of Washington. I am writing as your constituent in the 5th Congressional district of Washington. I support H.R.5353 - War Is Making You Poor Act , and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
JAMES LOONEY -
H.R.5353 War Is Making You Poor Act
Cskindre
December 01, 2011
I am writing as your constituent in the 2nd Congressional district of Virginia. I am writing as your constituent in the 2nd Congressional district of Virginia. I support H.R.5353 - War Is Making You Poor Act , and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
Sincerely,
Cris Stephens
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