May 10, 2006
OPPORTUNITY KNOCKS...FOR A FEW
Groups that advocate for sane budget priorities and human needs are urging people to contact the Senate today to oppose a $70 billion tax cut package that may move today. The bill passed the House Wednesday.
A toll free number to the Capitol switchboard has been provided by the American Friends Service Committee: 1-800-459-1887
The cuts would provide $42,000 in tax breaks for millionaires, while the middle fifth of taxpayers with incomes averaging around $36,000 would only gain $20, according to the Center on Budget and Policy Priorities.
For more information, click here.
Forty five percent of the benefits of the cut would go to the 0.2% of the population with incomes over $1 million; the bottom 3/4 of the population, with incomes of $75,000 or less, would only receive 5% of the benefits, which would average $30.
According to an analysis by the National Women's Law Center, in the great state of West Virginia, only 0.1% of households--481 to be exact--would get the big cut, while 686,285 households would get the $30.
When the tax cuts get translated into budget cuts, guess who would feel the pain?
GOAT ROPE ADVISORY LEVEL: ELEVATED
by El Cabrero