Here is a direct quote from President Obama in last night’s whine about the debt ceiling negotiations.
‘How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for?”
Well here’s a bill that will permit anyone, especially liberals, who believe they are under-taxed to have additional monies withheld from their paycheck – said funds to go to the reduction of the national debt. I think this is a fantastic idea! It should be called the PYMWYMI BILL!
To provide for an employee election on Form W-4 to have amounts deducted and withheld from wages to be used to reduce the public d
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Reduce America's Debt Now Act of 2011'.
SEC. 2. VOLUNTARY WITHHOLDING FROM PAYROLL FOR REDUCTION OF THE PUBLIC DEBT.
(a) In General- An employee may elect for an employer to deduct and withhold upon the payment of wages by such employer amounts to be used to reduce the public debt.
Read the full content of the bill at the link below: