Tea party ideas: Sage tea tree

The tea party movement has a long history of trying to rein in federal spending and control the way the federal government spends taxpayer money, and now tea party leaders are using that history to try to influence federal policy on tea party issues.

But with the tea party now firmly entrenched in the national conversation, the tea partiers are not interested in changing the way Washington operates.

Instead, they are trying to take on a bigger part of the federal budget by proposing sweeping tax cuts that could leave the federal debt much higher and could be used to pay for massive government spending.

Here are three of the most important tea party tea party tax proposals in Congress.1.

Increase the income tax rate from 7.25 percent to 9.25%.

This is a big change that would affect the vast majority of Americans.

The current marginal income tax rates for individuals are 9.75 percent and 10 percent, with a 20 percent top rate.

With a 9.5 percent marginal rate, individuals would pay $10,800 in taxes, or $1,050 more in taxes.

This is an increase of about $1 trillion over 10 years.

The tax cut would be for those earning over $1 million a year.2.

Make the top marginal tax rate 10 percent for the top earners.

This would raise $1.8 trillion over ten years.3.

Extend the Earned Income Tax Credit for those who earn over $250,000 a year and those with incomes between $1 and $25,000.

This proposal would increase the credit to $2,000 and increase the cap for it to $3,000 for families with incomes of $250 or more.4.

Extend child tax credit for children up to age 17.

This proposal would raise more than $2 trillion over the next decade.5.

Raise the estate tax to 10 percent.

This tax increase would raise an estimated $1 billion over the first 10 years and $1 percent of the next 10 years for couples with estates of more than five million.6.

End the Bush tax cuts.

This one would raise almost $1tn over the course of the decade.7.

Limit deductions for the mortgage interest, charitable contributions, state and local taxes, and state and foreign sales taxes.

The estate tax would be cut from $5.9 trillion to $4.5 trillion.8.

End corporate tax loopholes and bring the corporate tax rate to 15 percent.

The bill would also cut the corporate rate to 10.8 percent.9.

End tax deductions for charitable contributions and state tax deductions.10.

Raise personal income tax thresholds for all Americans.

This change would raise about $4 trillion over a decade.

The tea party is hoping to use these tax proposals to push the federal deficit to $1trillion, which would cause the federal Treasury to need to borrow more money.

If the tax cuts fail to reduce the deficit, they would force the Treasury to spend even more on debt servicing.

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