Tag Archives: Wealthiest Americans (1957)

Their Fair Share by the Numbers …Joan Entmacher, National Women’s Law Center


Tired of fighting cuts to programs that women and their families depend on in the name of deficit reduction — while millionaires and billionaires haven’t been asked to contribute an extra penny? Think it’s time for millionaires and billionaires who pay lower tax rates than many middle-class Americans to start paying their fair share?

Take Action: Tell your Senators to support the Paying a Fair Share Act of 2012!   WWW.NWLC.ORG

On April 16, we expect the Senate to vote on an important piece of legislation, the Paying a Fair Share Act of 2012 (S. 2230). The bill would ensure that those with incomes over $1 million annually pay at least 30 percent of their income in federal taxes. The legislation, introduced by Senator Sheldon Whitehouse, was inspired by billionaire investor Warren Buffett, who highlighted the unfairness of a tax system that permits him to pay a lower tax rate than his secretary.

It’s time for this absurdity to stop. We can’t afford to continue lavish tax breaks for the wealthiest Americans. To help demonstrate the real cost of tax breaks for millionaires, we’ve put together a new infographic:

That’s right. This year, the average millionaire gets a tax break of $143,000 — enough to support child care assistance for 24 children, Pell Grants to 37 college students, or a home-delivered meal each day for 249 seniors.

This is a tradeoff we can’t afford to make any longer. Please share our infographic today and urge your Senators to support the Paying a Fair Share Act of 2012!

Sincerely,

Joan Entmacher Vice President,

Family Economic Security National Women’s Law Center

P.S. Please help us continue to advocate for policies that protect and improve economic security for women and their families by making a generous donation today.

Class Warfare


This morning, the President proposed the “Buffett Rule,” which would require those earning more than $1 million a year to pay the same share of their income in taxes as middle-class families do.

This proposal makes sure millionaires and billionaires share the responsibility for reducing the deficit. It would correct, for example, the fact that Warren Buffett‘s secretary currently pays taxes at a higher rate than he does.

The other side is already saying it’s “class warfare” — that’s their rhetorical smokescreen for providing millionaires and billionaires special treatment.

As the President said this morning, “This is not class warfare — it’s math.”

The wealthiest Americans don’t need further tax cuts and in many cases aren’t even asking for them. Requiring that they pay their fair share is the only practical way forward. The Republican alternative is to drastically slash education, gut Medicare, let roads and bridges crumble, and privatize Social Security. That’s not the America we believe in — but many in the Republican leadership actually prefer those policies, which explains their refusal to act.

That’s why they’ll say “tax increase” over and over again, trying to muddy the waters and trick ordinary Americans into thinking the Buffett Rule will hurt them. And if we don’t speak out right now, they just might get away with it.

WWW.BarackObama.com

Of course, the Buffett Rule won’t really touch most Americans — only 0.3% of households will even be affected.

And without it, the only way to reduce our debt is to savage the programs that seniors and middle-class families rely on.

That’s exactly what the President refuses to do — in fact, he’s said he’ll veto any bill that changes benefits for folks who rely on Medicare but doesn’t raise serious revenue by asking the wealthiest Americans or biggest corporations to pay their fair share.

This isn’t just a commonsense approach to cutting the deficit — it’s the only way to make sure we can provide security to people who work hard and play by the rules.

So right now, I’m asking you to say you’ll stand with the President on something that won’t be easy. Get the President’s back today:

WWW.BarackObama.ORG

Thanks,

Messina

Jim Messina
Campaign Manager
Obama for America

Tell Congress: Help Jobless Workers Not Millionaires


Congress: Stand Up for Struggling Women and Families
Your Members of Congress need to hear that they should extend unemployment benefits and let tax cuts for millionaires expire.
Call 1-866-606-1189 today!

It’s hard to believe — but Congress is considering cutting taxes for the rich at the same time they discontinue unemployment insurance benefits for the millions of people who are out of work!

The emergency unemployment insurance program expires at the end of November. If Congress fails to extend it, this lifeline will be cut for 2 million workers in December alone. And, because these families won’t have income to spend in their communities to support their families, more jobs will be lost.

Yet, some of the same Members of Congress who are saying that they can’t afford to extend emergency unemployment benefits for another year insist on extending tax breaks for millionaires.

Will you stand up for your neighbor and call your Members of Congress? Calling is easy to do.

  1. Call 1-866-606-1189
  2. Tell the operator who answers the phone the name of your Member of Congress. (Not sure? Look it up here.)
  3. Once you are connected to the office of your Member of Congress, tell the staff person who answers:
    • Your name, that you are a constituent from (city, state).
    • Stand up for struggling families by extending unemployment benefits for a year and allowing the tax provisions that only benefit the wealthiest two percent of households to expire on schedule.
    • Thank you.
  4. Hang up and ask your friends or coworkers to make a call as well. (To reach all three of your Members of Congress, you will have to dial 3 times. Thanks for your support and for making this extra effort.)

The Bush-era tax cuts and recent improvements in tax credits for working families will expire on December 31 unless Congress acts to renew them. Tax breaks for millionaires are also set to expire this year. Congress should extend tax benefits for middle- and lower-income families and not waste $700 billion giving tax breaks to the wealthiest Americans.

We have a limited amount of time to take action. Please take a stand for justice by calling 1-866-606-1189 today.

Thank you for your continued support.

Sincerely,

Joan Entmacher Joan Entmacher
Vice President, Family Economic Security
National Women’s Law Center