Millionaires Get Tax Breaks, and Seniors Lose Medicare? How is That Fair? (583 hits)
Please Sign Petitions Below!!! Millionaires Get Tax Breaks, and Seniors Lose Medicare? How is That Fair? When Republicans try to dismantle Medicare as we know it and somehow justify huge tax cuts for millionaires and super-rich corporations, that's when we know something is desperately wrong. Tell House Republicans that you see through their dirty plan, and will not stand for stripping American seniors of their only safety net. This Tax Day, we’ve seen those values flipped on their head. While America’s millionaires and billionaires pay the lowest tax rate in 80 years, Congress is slashing critical services like food stamps, family planning and foreclosure assistance that keep poor and working folks afloat. It’s immoral and un-American.
The truth is that we shouldn't balance the budget on the backs of seniors, and the wealthiest Americans need to pay their fair share. It's as simple as that. Why should the rest of the country have to pay thousands in taxes on a meager salary, when millionaires and rich corporations are able to avoid it? It's a gross inequality in this country, and if Republicans are going to try these blatant tactics to keep it in place, then they are going to have to prepare for a fight. Please sign this petition to House Republicans asking them how they think privatizing Medicare and keeping huge tax cuts for millionaires is a fair plan. Thank you for taking action!
In a stirring speech last Wednesday, President Obama reminded us of our common values — that as Americans, we believe in shared sacrifice during tough times, and shared prosperity when times are good. We’re with President Obama: it’s past time that we ask the richest Americans to start contributing their fair share. Rep. Jan Schakowsky’s Fairness in Taxation Act would do exactly that, helping to balance the budget and stop deep cuts by raising taxes on millionaires and billionaires.
The Fairness in Taxation Act attempts to address this by asking those with an adjusted gross income of $1 million to pay a 45% income tax while billionaires would pay taxes at a 49% rate. That’s a big change over the current system, where millionaires and billionaires pay a maximum of 35% and last year paid an average of only 17% of their income in taxes. Rates this low haven’t been seen since the 1930s. Schakowsky’s bill is projected to raise more than $75 billion in new revenues — more than enough to stave off unnecessary cuts to important programs while also helping to reduce the deficit. Please urge Congress to support this bold plan.
Please join me and my friends in the ColorOfChange.org community in asking your Congressional representatives to support Rep. Schakowsky's tax on millionaires and billionaires. It takes only a moment www.act.colorofchange.org/sign/taxes Thanks and Peace,
-- James, Gabriel, William, Dani, Matt, Natasha and the rest of the ColorOfChange.org team
