The Economy

COVID-19

We currently face a pandemic in our nation. Many lives have been lost, and we will lose many more. The federal government needs to enact legislation to secure the health and financial stability of the American people. When COVID-19 first impacted our nation, I stated the government program should be a $2,000 monthly payment to every American over 18, along with a $500 monthly payment for every American under 18 in effect for one year. Money should go directly to the American people. During that year all debt payments including mortgages, credit card payments, and loan payments should be on hiatus for one year. This would have allowed Americans to safely shelter in place and allow this pandemic to take its course without the current impact. I still support this initiative. What we are doing now is not enough to assist Floridians through COVID-19 and unfortunately, this pandemic in Florida continues to get worse.

As for the reopening of schools, elementary school students might be able to return to school if we limited class size to 10 per classroom per day with students attending a Monday/Wednesday, Tuesday/Thursday program. This would allow for our youngest students to have face-to-face education with social distancing with the use of masks. Middle and high school students would begin the year in a virtual environment attending each of their classes each day through a virtual format just as if they were on campus. All teachers would be trained and provided necessary equipment to video with their students each day. Students would also receive laptops to engage with their teachers. Local Internet providers have offered free service for those students without Internet in their homes. If there were extenuating circumstances where this just would not work, school systems should be able to host a small number of students on campus. The safety of students and staff is paramount.

TaxationTaxes

Taxes are necessary to run our country. No one group, individual or corporation, should be overly burdened in handling their fair share of taxation, and fair does not always amount to equal.

Each issuance of tax regulation will require an analysis and response to the regulation.

As for the tax code passed in 2017, I agree that there should have been adjustments to corporate taxes, and an easing of the burden to all income brackets under $80,000 a year. Also, there should have been additional consideration to small business owners and entrepreneurs who might then grow into the higher corporate tax brackets. I did not agree with the tax decreases for the wealthiest citizens or the newest exemptions on transferring generational wealth.

The BudgetBudget

The federal government cannot continue to spend more than it takes in. This would mean cuts to programs and funding.

Nobody wants to see a reduction in their budget, but our spending is out of control. The current debt sits at around $21 trillion. This number is an estimate because it grows every second.

The interest alone on the federal debt for last fiscal year was $266 billion dollars. This was the 4th largest budget item behind Social Security, the military, and Medicaid/Medicare.

There are no easy solutions to this problem as efforts to balance the budget and decrease the deficit typically hurt economic growth, which in turn lowers the GDP. Legislators must work together for common solutions for the common good however daunting the task.