JPANet: Stand up for the Common Good this Thanksgiving
This week as we gather to give
prayerful thanks for the abundance of gifts in our lives, please take some
time to reflect on those among us who continue to struggle. As people of
faith we are called to promote the common good. Do so now by urging congress to
extend tax cuts for the families who need them most, but end them for the wealthiest
Congress has a major piece of
unfinished business that must be tackled before the year ends: taxes. During
the Bush administration Congress passed two sets of enormous tax cuts that were
skewed to benefit people with the highest incomes. These cuts are scheduled to
end on December 31, 2010.
The tax cuts reduced tax revenues,
increasing the size of the federal government deficit and reducing funds that
could have been used to strengthen the safety net and help the economy. The
cuts are a major factor driving up the federal government deficit.
Now some members of Congress are
proposing to extend the Bush tax cuts for lower- and middle-income tax payers
while ending the cuts for married tax payers with incomes over $250,000 and
singles with income over $200,000. This would affect just 2% of tax payers
while bringing in $40 billion in 2011 and nearly $700 billion over 10 years.
But other members of Congress prefer to extend all the tax cuts including those
for people with the highest incomes. Struggling families should not be asked to pay
higher taxes at this time but the wealthiest among us could pay more.
Tell Congress to extend the tax cuts for lower- and middle-income Americans
but end them for the wealthiest taxpayers.
In recent years, while the rich have
gotten richer, and everyone else has recieved only left-overs. Ending the Bush tax
cuts for the highest-income tax payers would slightly reduce this disparity. The
additional tax revenue could create jobs and strengthen the safety net in the
short run, and reduce the deficit in the longer term. Act now!
For more information see the
Witness for Justice: “Congress Must End
Tax Cuts for the Wealthy”
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