POL SCI 21A Lecture Notes - Lecture 15: Alternative Minimum Tax, Payroll Tax
13 Sep 2017
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Majority spending on medicare and medicaid in 2012 fiscal yr, then social security. Individual income tax: tax rate (majority of federal income comes from this) Senior citizens are the majority voters (midterm elections, district attorney, all offices) Mandatory spending: majority taken up by ss, medicaid, medicare. Non-discretionary spending: almost everything else taken up by war/military (~60%) Repubs v. democrats disagree on budget cuts; no one wants to cut programs they represent (republicans national defense, democrats environmental prog. ) Hard to make cuts to programs already in existence.
