I can't think of a single reason to allow the cuts to pass without a fight. The Republicans are determined to replace what remains of the New Deal with the New Feudalism. It's awfully late in the day, but we might as well draw the line here.
http://www.civilrights.org/issues/labor/details.cfm?id=43100Congress is poised to vote on a $70 billion tax cut bill that lavishes benefits on wealthy individuals at the expense of ordinary families, the National Women's Law Center said today.
Lawmakers should oppose this tax bill, which represents distorted priorities. The tax cut reconciliation bill (H.R. 4297) provides households with income of $1 million or more an average tax break of $42,000. In gross contrast, the more than three-quarters of the nation's households with annual income of $75,000 or less will receive an average tax cut of $30 for one year - not even enough to pay for a single tank of gas. And average families will end up footing the bill for millionaire tax breaks through cuts in vital services and added national debt.
"There are a lot of priorities that can be addressed with $70 billion," said Nancy Duff Campbell, Co-President of the National Women's Law Center. "Consumers are struggling to pay the rising cost of gasoline. More and more Americans can't afford health care. Many families can't afford child care. At a time when so many in our country are struggling to make ends meet and the nation's deficit is growing, there is no justification for giving millionaires $42,000 more in tax breaks."
The $70 billion tax break package is a companion piece to the so-called Deficit Reduction Act, which President Bush signed earlier this year. Under the guise of deficit reduction, the bill slashed $39 billion from services for low- and moderate-income Americans, including health programs, student loans, and child support enforcement. After these drastic program cuts, lawmakers delayed a vote on the tax cut bill to disguise the fact that tax cuts for millionaires were being financed in part by cuts to programs vital to ordinary Americans.
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