Obama's Transition Economic Advisory Board: the Full List

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I would like President Obama to reconvene the Board to review the proposals on tax reform ,submitted by

Dr.Lewis S.Forbes

Lecturer on Economic and Social Policy(retired)

Glasgow University

Glasgow,Scotland .

Summary

Tax-free Deductions.

Two tax-free deductions only will be allowed on each individual's taxable income .

regardless of the amount of taxable income .

1.A standard deduction of $20,000 will be granted to each individual .

2. A medical expenses deduction will be allowed , not to exceed the amount of taxable income .

Tax Loopholes and Exemptions.

These are no longer appiicable.

Graduated Tax Rates

After deductions have been applied , the following rates will apply to all income, both earned and unearned including that from interest on savings , dividendson , equitiesr etc .

Total Income Rate Max.Amount payable Actual Max. Rate

Under $20,000 0% zero 0%

$20,001-$40,000 20% $4000 10%

$40,001-$60.000 25% $9000 15%

$60,001 -$80,000 30% $15000 20%

$80,001-$100,000 35% $22,000 22%

$100,001-$250,000 40% $72,000 28%

$250,001 and over 45% $72,000 plus @8% plus

Dr.Lewis S.Forbes of CA 7:36PM November 12, 2012

is there a list of national scool board presidents, by state for 2009

Angie Sprinkle of NC 8:47AM September 03, 2009

The Gordon Proposal: Suppose the Federal government issued a purchase order to the big three auto companies for say 500,000, cars, 50,000 school busses and 50,000 postal trucks to be delivered in 2 years. The price would be, say, 12 billion dollars. The cars and busses would be specified as electric plug-in's and multi-fuel hybrids, light, efficient, and would in fact define the next generation. This would not be a give-away, but a purchase. There is an enormous difference. The cars, once delivered would be used by the Federal government to replace its existing fleet, and donated or sold at cost to states and municipalities. They in turn would raise the money for their purchases by auctioning their low mileage but now obsolete fleet to the public who would benefit from the low costs of these vehicles. In the meantime the auto companies, with the new designs and tooling in place would have a jump start on offering the public advanced eco-designs.

Mark Jason of CA 12:25PM November 18, 2008

Sir, it sounds a good team. Perhaps the other candidate which is prefer to management such as Peter F. Drucker, Michael Porter could be worth as Obama's administration advisers.

Andre Budianto of RI 6:40AM November 12, 2008

PRESIDENT OBAMA

WHO IS SEPAKING FOR THE WORKING MAN HERE? YOUR ADVISORS ARE TEE VERY PEOPLE WHO ARE GOUGING THE AMERICAN PUBLIC EG TIME WARNER CABLE. AND BANKS WHO ARE GOINGING EPEOPLE WITH FEES.

THESE ADVISORS ARE AS OUT OT TOUCH WITH WORKING CLASS FINANCES

AS JOJN MCCAIN! WOW WE ARE YOUR SUPPORTERS AND HOW ARE THESE

ADVISORS ONES WHO ARE IN FAVOR OF AMERICAN PEOPLE?

TIME WARNER CABLE GOUGES ITS CABLE CUSTOMERS ON DAILY BASIS, AS WE ARE THEIR CUSTOMERS, WEK NOW WHY ARE THEY UP THERE? WE HAVE OUR MORTAGE WITH CITI, AND THEY ALSO GOUGE PEOPLE, HIGH INTERST RATES, WHY ARE THEY ADVISING ON HOW TO HELP WORKING MAN WHEN THESE PEOPLE ADIVSING BARACK OBAMA ARE THE ONES DOING THE MOST GOUGING? THERE NEEDS TO BE A TASK FORCE OF WORKING PEOPLE TO HAVE OUR ISSUES HEARD --A COMMITTE OF WORKING FOLKS.

IT LOOKS LIEK FROM THIS GROUP, FINANCIAL TINGS WILL ALWAYS FAVOR THE WEALTHY---THOSE OUT TO MAKE PROFIT AT EVERYONE ELSE EXPSNSE. We votes and made calls for Obama campagined, felling a bit betrayed by these advisors being picked. !

Ron and Sherry Meeks of NC 12:24AM November 12, 2008

Well, so much for "brains" to fix our economic problems....

With people like Villaraigosa (who is a joke!!!), we are in big trouble.

His appointment absolutely baffles me, as he can't even control the city of Los Angeles, let alone finances on a national level.

Not a good start, Mr. Obama!

of CA 3:33AM November 10, 2008

Paul Krugman was awarded the Nobel Memorial Prize in Economic Science this year, He has written extensively on the current crisis and is an excellent communicator. His day jobs include being a professor at Princeton and an Op-Ed page columnist for The New York Times. I hope his input will be considered.

Faun Otter of SC 9:05AM November 08, 2008

What is the point of a 'board' composed of members who have full time jobs elsewhere, except for some small town where their part time commitments in government would not affect their job performance.

Who is manning the post for the govenor and the mayor while the committee meets, and who pays their bills?

Are they on salary as elected officials or on the Democratic payroll, or just donating public time (while taking salary and benefits from the public for their primary jobs).

Lilian R of CA 4:10PM November 07, 2008

all dems?

penny pritzker wasn't her bank helped my fdic?

freddie 's was't emauel on their board?

did'nt dems get more contributions from freddies

pearl of MT 1:30PM November 07, 2008

Why is Robert Wolf not on this board. He says he knows more than anybody and raised millions for Obama? I know he has some regulatory issues, but he has not been convicted of anything.

Marcel Osp of NY 1:24PM November 07, 2008

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