To: President Donald Trump, The United States House of Representatives, and The United States Senate
Cosponsor HR900 - Cancel The Sequester Cuts
Cosponsor HR900 and cancel the Sequester cuts immediately and retroactively. They hurt the most vulnerable Americans and needlessly hamper economic recovery.
Why is this important?
President Obama won re-election decisively in 2012. He ran on a simple budget platform of a balanced approach. It is not balanced to make the most vulnerable Americans pay, in the form of Sequester cuts, for decades of reckless financial policies crafted by Congress.
1. The Bush Administration gave the top 2% wealthiest Americans a “temporary” tax break in 2001. These tax breaks have cost ordinary citizens nearly 1.17 trillion dollars in lost revenue since then.
2. Under President Bush, Congress funded two wars without paying for them. Invading Iraq and Afghanistan cost taxpayers 3.7 trillion dollars and counting.
3. Bailing out the banks has cost upwards of 12.8 Trillion.
4. Allowing corporations to avoid paying any corporate income taxes has cost taxpayers 78.3 billion since 2008 alone. According to the Wall Street Journal 69% of all U.S. corporations pay nothing.
These policies helped create the debt and the income inequality that plague this nation today.
Individuals like Governor Mitt Romney now pay less percentage-wise in taxes than do their secretaries, and far less in taxes overall than they have ever paid historically. It is unfair, unsustainable and unpatriotic. America needs to invest in our children, our infrastructure and safeguard our social safety net to protect our elder citizens, people with disabilities and those living below the poverty line, many who are working multiple jobs.
The deficit, as a % of GDP, has been going steadily down, under President Obama. The calls for austerity now are at best disingenuous. The Sequester cuts are designed to hurt the most vulnerable among us. To allow them to stand is morally reprehensible.
If Government needs more money then restore the 1990 tax rates on the top 2%. Americans voted in favor of that. And a simple way to make social security solvent for 75 years would be to remove the cap on income subject to social security tax.
Please do the patriotic thing and cosponsor HR900 and cancel the sequester cuts immediately and retroactively.
1: http://www.nytimes.com/2013/03/04/us/politics/poor-face-most-pain-as-automatic-budget-cuts-take-effect.html?pagewanted=all / http://www.motherjones.com/mojo/2013/02/budget-cuts-sequester-low-income-poor
2: http://costoftaxcuts.com/about/
3: http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629
4: http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/
5: http://thinkprogress.org/economy/2012/04/09/460519/major-corporations-no-taxes-four-year/?mobile=nc
6: http://online.wsj.com/article/SB10001424052970203733504577026361246836488.html
7: http://www.huffingtonpost.com/2009/08/14/income-inequality-is-at-a_n_259516.html
8:http://www.nytimes.com/2007/10/31/business/31leonhardt.html?ex=1351569600&en=b1065bf4721795fa&ei=5124&partner=permalink&exprod=permalink / http://economix.blogs.nytimes.com/2011/05/31/are-taxes-in-the-u-s-high-or-low/
9: http://www.bls.gov/opub/ted/2012/ted_20120405.htm
10: http://maddowblog.msnbc.com/_news/2012/11/21/15340295-the-fastest-deficit-reduction-in-generations?lite / http://www.nbcnews.com/id/26315908/ns/msnbc_tv-rachel_maddow_show/vp/50965800 5 min : 50 sec
11: http://thinkprogress.org/economy/2011/08/25/304387/bernie-sanders-introduces-bill-to-lift-the-payroll-tax-cap-ensuring-full-social-security-funding-for-nearly-75-years/
1. The Bush Administration gave the top 2% wealthiest Americans a “temporary” tax break in 2001. These tax breaks have cost ordinary citizens nearly 1.17 trillion dollars in lost revenue since then.
2. Under President Bush, Congress funded two wars without paying for them. Invading Iraq and Afghanistan cost taxpayers 3.7 trillion dollars and counting.
3. Bailing out the banks has cost upwards of 12.8 Trillion.
4. Allowing corporations to avoid paying any corporate income taxes has cost taxpayers 78.3 billion since 2008 alone. According to the Wall Street Journal 69% of all U.S. corporations pay nothing.
These policies helped create the debt and the income inequality that plague this nation today.
Individuals like Governor Mitt Romney now pay less percentage-wise in taxes than do their secretaries, and far less in taxes overall than they have ever paid historically. It is unfair, unsustainable and unpatriotic. America needs to invest in our children, our infrastructure and safeguard our social safety net to protect our elder citizens, people with disabilities and those living below the poverty line, many who are working multiple jobs.
The deficit, as a % of GDP, has been going steadily down, under President Obama. The calls for austerity now are at best disingenuous. The Sequester cuts are designed to hurt the most vulnerable among us. To allow them to stand is morally reprehensible.
If Government needs more money then restore the 1990 tax rates on the top 2%. Americans voted in favor of that. And a simple way to make social security solvent for 75 years would be to remove the cap on income subject to social security tax.
Please do the patriotic thing and cosponsor HR900 and cancel the sequester cuts immediately and retroactively.
1: http://www.nytimes.com/2013/03/04/us/politics/poor-face-most-pain-as-automatic-budget-cuts-take-effect.html?pagewanted=all / http://www.motherjones.com/mojo/2013/02/budget-cuts-sequester-low-income-poor
2: http://costoftaxcuts.com/about/
3: http://www.reuters.com/article/2011/06/29/us-usa-war-idUSTRE75S25320110629
4: http://www.pbs.org/wnet/need-to-know/economy/the-true-cost-of-the-bank-bailout/3309/
5: http://thinkprogress.org/economy/2012/04/09/460519/major-corporations-no-taxes-four-year/?mobile=nc
6: http://online.wsj.com/article/SB10001424052970203733504577026361246836488.html
7: http://www.huffingtonpost.com/2009/08/14/income-inequality-is-at-a_n_259516.html
8:http://www.nytimes.com/2007/10/31/business/31leonhardt.html?ex=1351569600&en=b1065bf4721795fa&ei=5124&partner=permalink&exprod=permalink / http://economix.blogs.nytimes.com/2011/05/31/are-taxes-in-the-u-s-high-or-low/
9: http://www.bls.gov/opub/ted/2012/ted_20120405.htm
10: http://maddowblog.msnbc.com/_news/2012/11/21/15340295-the-fastest-deficit-reduction-in-generations?lite / http://www.nbcnews.com/id/26315908/ns/msnbc_tv-rachel_maddow_show/vp/50965800 5 min : 50 sec
11: http://thinkprogress.org/economy/2011/08/25/304387/bernie-sanders-introduces-bill-to-lift-the-payroll-tax-cap-ensuring-full-social-security-funding-for-nearly-75-years/