If Congress does not act by the end of this year, all Americans will see their taxes automatically increase. The Senate has already voted to extend tax cuts to the 98% of Americans making less than $250,000 a year. Despite the election results, Republicans are holding middle class and lower income earners hostage to tax breaks for the wealthiest two percent of Americans.
Many of the tax cuts being held hostage disproportionately affect young, single women. Students are also especially impacted. Tax deductions for college tuition will be decreased by 22%.
Even worse, in order to keep the tax cuts for the wealthiest two percent, House Republicans propose slashing federal programs such as Medicaid and Medicare and raising the age for Social Security eligibility.
Existing tax rates for most Americans are being held hostage so that the richest among us don’t have to pay their share. Stand up for the 98% today!
Right now, Warren Buffett’s secretary pays taxes at a higher rate than he does.
We need tax cuts for the 98% not to be held hostage by the super rich. We don’t need to balance the federal budget on the backs of those who can least afford it. The wealthy do need to contribute their fair share. Join us and email your Representative now!