NORTON META TAG

12 November 2010

Stop the Obama surrender on Bush tax cuts from CREDO ACTION 12NOV10

WE HAVE TO KEEP HAMMERING THE DEMOCRATIC CONTROLLED CONGRESS AND THE OBAMA ADMINISTRATION ON THIS, NO COMPROMISE WITH THE gop AND tea-baggers AND NO TAX CUT EXTENSION FOR RICH PEOPLE. Click the header or the links to participate.


CREDO Action | more than a network. a movement.


Obama caved. Now it's up to Pelosi.
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Clicking here will add your name to this petition to Speaker Nancy Pelosi:
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Dear Craig,
It's already started. President Obama is preemptively compromising with the Tea Party, even before the new Congress is seated in Washington, DC.
According to an article in the Huffington Post1, the Obama administration has preemptively caved to rightwing demands to continue Bush-era tax cuts for the wealthiest two percent of American taxpayers.
Democrats still hold a strong majority, and Nancy Pelosi is still Speaker of the House. She must call the Obama Administration on its outrageous pre-emptive compromise and get members of the House on the record for or against the Bush tax cuts for the wealthy with an immediate up or down vote.
The Bush tax cuts, like the Iraq War, are one of the primary drivers of large federal deficit. And like the Iraq War, the Bush tax cuts were sold to the public through outright deception.
There is very little that so clearly demonstrates the callous venality of some members of Congress and the Obama administration than the simultaneous demand to give Paris Hilton a tax cut while pushing benefit cuts to Social Security.
Without Congressional action, tax cuts George W. Bush signed into law are set to expire at the end of this year. President Obama has abandoned his call for the Bush tax cuts that affect the richest 2% of Americans to expire. Nancy Pelosi is still Speaker of the House. She can and must call an immediate vote on letting Bush's tax cuts for millionaires expire as scheduled.
Tax cuts for economic elites aren't free and they aren't effective. The government still needs revenue and giving away money to millionaires (who on average would receive over $100,000 in tax cuts per year if all the Bush tax cuts are extended) takes away from the money we can spend to help the victims of this economic downturn.
There is simply no excuse for Congress to plead poverty when it comes to helping those in need while literally giving it away to those who don't need it.
The president has caved, but Nancy Pelosi and progressives in the House can still step up to the plate and make sure we don't continue one of the biggest economic injustices of the Bush era.
Becky Bond, Political Director
CREDO Action from Working Assets
1White House Gives In On Bush Tax Cuts, Huffington Post, November 11, 2010.

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