Letter: Fund benefits? No problem

Anchorage Daily NewsJanuary 13, 2014 

Funding unemployment benefits is easy.

Congress wants unemployment insurance paid for before agreeing to any extension. No problem. Here’s a short list that achieves over $10 billion:

• Eliminate tax deductions for penalties assessed for financial malfeasance as currently allowed to mega-banks like JP Morgan.

• Eliminate subsidies to the already profitable sugar industry; restrict corn and soybean subsidies to farmers who actually live on the land they farm.

• Require U.S. licenses of all drill rigs operating in U.S. waters, like the Jones Act does for vessels.

• Create a minimum corporate tax rate so firms like General Electric contribute something to their use of our nation’s infrastructure, defense and legal system.

• Finally, eliminate subsidies to firms reporting billions in profits like Exxon and Occidental Petroleum.

I could go on. Congress created all of these sweetheart deals; it can now eliminate them, provide relief to families and taking a very small step to reduce crony capitalism.

— John Duffy

Palmer

Anchorage Daily News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service