*** CALL CONGRESS NOW *** 1-800-459-1887 *** VOTING ON TAX CUTS TODAY ***

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From Working Families e-Activist Network, AFL-CIO ...

CALL CONGRESS NOW

We need you to take action immediately. Republican leaders in the House and Senate are planning a vote on legislation that would extend big tax breaks to the wealthiest Americans, putting America deeper into debt when we can least afford it.

This vote is happening in the House today. Please call your representative right now and tell him or her to vote against the tax reconciliation bill.

Call Your U.S. Representative Now--It's a Toll-Free Call 800-459-1887

This $70 billion tax bill gives big breaks to the rich, while working families pay the price. Middle-income families will receive an average cut of just $20 from this bill, while the 0.2 percent of households with income over $1 million will get an average cut of $42,000, according to the Center for Budget and Policy Priorities.

If this bill passes, we'll see cuts in education, child care, job training, services for the elderly and many health programs.

More tax cuts for the rich and more cuts to vital services? These aren't our priorities. Call your representative today and tell him or her to vote against the tax reconciliation bill.

Call Your U.S. Representative Now Toll-Free 800-459-1887

Thank you for all that you do.

In solidarity,

Working Families e-Activist Network, AFL-CIO

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1. Massive tax cuts for the rich today, budget cuts for the poor tomorrow...

*** LAST CHANCE TO STOP CUTS IN HUMAN NEEDS PROGRAMS (1-800-459-1887) ***

http://www.democraticunderground.com/discuss/duboard.ph...

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2. $20 tax cut for middle income families; $42,000 for millionaires...

RECONCILIATION TAX CUTS WOULD AVERAGE $42,000 FOR HOUSEHOLDS WITH INCOME OVER $1 MILLION, BUT ONLY $20 FOR MIDDLE-INCOME HOUSEHOLDS
By Joel Friedman

House and Senate negotiators have reportedly reached final agreement on the $70 billion tax-cut reconciliation package. Although no official description of the agreement has been released, press reports on the contents of the final package indicate that it will offer virtually no benefits to low- and moderate-income households, but shower high-income households with very large tax cuts.

The Urban Institute-Brookings Institution Tax Policy Center has examined the major provisions that are expected to be in the package, including a two-year extension of capital gains and dividend tax cuts, a one-year extension of relief from the Alternative Minimum Tax, and a proposal to lift the income limits that apply to converting retirement funds to Roth IRAs. Preliminary estimates by the Tax Policy Center show that: <1>

About 87 percent of the benefits of the reconciliation conference agreement would flow to the 14 percent of households with incomes above $100,000, and 55 percent of the benefits would go to the 3 percent with incomes above $200,000. Households earning more than $1 million a year, which represent only 0.2 percent of all households, would receive 22 percent of the benefits of these tax cuts.

In contrast, the three-quarters of households with incomes below $75,000 would receive just 5 percent of the benefits. The 60 percent of households with incomes below $50,000 would receive less than 2 percent of all benefits.

Looked at in dollar terms, the differential treatment of various income groups is even more striking. The average tax cut for the 20 percent of households in the middle of the income spectrum would be just $20. But the average tax cut for those in the top one percent of the income spectrum would be $13,800.<2> For those with incomes above $1 million, the average tax cut would be $42,000.

Continued @ http://www.cbpp.org/5-4-06tax.htm

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