His bill is entitled The War is Making You Poor Act (H.R. 5353). Grayson introduced H.R. 5353 on May 20, 2010. It was referred to the Ways and Means Committee and to the Armed Services Committee the same day. The purpose of the bill:
To reduce the $159.3 billion from the discretionary overseas contingency operations funds in the President's fiscal year 2011 budget for operations in Iraq, Afghanistan, and Pakistan (without preventing use of mandatory funds from the Department of Defense budget to execute the War on Terror), and amend the Internal Revenue Code of 1986 to provide individuals a 'War is Making You Poor' tax credit against the savings attributable to the overseas contingency operations reduction.
The intent of the bill is clear both from its title and its introduction: It links war-making and thus war-spending to the taxes Americans pay. By connecting the dots, so to speak, Grayson and his co-sponsors mean to make America's empire and the imperial sorties it inspires a tangible reality for the common man and woman, one that they can experience directly. Currently, only America's veterans, their relatives and friends along with the institutions charged with serving their needs are aware only part of the human cost caused by these wars, albeit only in part. This points to the bill's didactic purpose. Its intended institutional effects are also clear: It means to eliminate taxes for the lowest brackets by forcing the Pentagon and its contractors to pay for these wars out of the Pentagon's budget and the guaranteed profits most defense contractors enjoy. Together, one may hope, both will place strong constraints on the President, Congress and the security-surveillance apparatus when it comes time to looting the fisc to prepare for or to actually make a war.
The following is a video of Grayson presenting his bill:
Last updated May 26, 2010 at 4:11PM