News & Updates
Progressive Lawmakers Want To Make GOP ‘Put Up Or Shut Up’ On Bush Tax Cuts
11.15.2010-The Huffington Post
“A coalition of progressive lawmakers, labor unions, and soon-to-be-former members of Congress are demanding that the Democratic Party hold an up or down vote on a tax cut package that extends rates for the middle class while letting those for the wealthy expire.”
The Bush Tax Cuts And What They Mean For You
11.15.2010-NPR
“As Congress gets set to debate extending the Bush-era tax cuts, host Melisa Block speaks to Clint Stretch, managing principal of tax policy at Deloitte Tax in Washington, D.C., about what those tax cuts mean for people at various income levels. Stretch says if the tax cuts were to expire for a four-person family with a median adjusted gross income — that’s about $70,000 a year — they would pay about $2,600 more in taxes a year.”
Poll: Majority of voters support another extension of unemployment benefits
11.15.2010-The Hill
“A majority of voters support Congress extending unemployment insurance for workers who have exhausted their state benefits, even though the nation’s federal budget deficits are at near-record levels.”
Jim DeMint Would Accept Compromise On Bush Tax Cuts
11.14.2010-The Huffington Post
“Sen. Jim DeMint (R-S.C.), the Pied Piper of the incoming congressional class of Tea Party pols, said on Sunday that he would be open to a compromise proposal on the expiring Bush tax cuts.”
Schumer suggests tax compromise: No cuts over $1 million
11.14.2010-The Hill
“Sen. Chuck Schumer (D-N.Y.) suggested a compromise Sunday for extending the Bush-era tax cuts: raise the ceiling from families making more than $250,000 a year to earners making over a million.”
Statement by AFL-CIO President Richard Trumka on the Recommendation of the Deficit Commission Chairs
11.10.2010-AFL-CIO
“The chairmen of the Deficit Commission just told working Americans to ‘Drop Dead.’ Especially in these tough economic times, it is unconscionable to be proposing cuts to the critical economic lifelines for working people, Social Security and Medicare.”
AFSCME Calls Proposed Changes to Medicare and Social Security Unnecessary and Dangerous
11.10.2010-AFSCME
“Today, the chairmen of the Deficit Commission announced a plan to cut Medicare and raise the retirement age for Social Security. We will not rest until we defeat these unnecessary and dangerous proposals.”
NWLC Statement on Recommendations of Fiscal Commission co-chairs
11.11.2010-National Women’s Law Center
“The recommendations released today by the co-chairs of the President’s National Commission on Fiscal Responsibility and Reform would threaten the economic security, health and well-being of women and their families.”
Debt Commission Report Will Include Call To Raise Retirement Age And Cut Medicare Benefits, Say Sources
11.10.2010-The Huffington Post
“Today’s upcoming report by the White House’s fiscal commission is expected to include recommendations to raise the retirement age for Social Security and cut Medicare benefits — two policy prescriptions that will be met with deep opposition from Democrats and some Republicans — according to a source who has been briefed on the proposal .”
Extending Tax Cuts, but With a Catch
11.10.2010-The Wall Street Journal
“Two top Senate Democrats floated the idea Tuesday of extending the Bush-era income-tax rates for a limited time only, and tying that move to an overhaul of the U.S. tax code or passage of policies to address the budget deficit.”
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Hot Topic
The Tax Compromise is Just the Start
While Congress and the President have reached a temporary deal on the Bush era tax cuts, there is still much work to be done. Click below to see what issues are still in play, and what’s up next for the tax debate.
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