WASHINGTON — Tucked into a $140 billion bill extending emergency jobless benefits and a temporary cut to payroll taxes are several provisions intended to modernize the country’s outdated unemployment insurance system.
Emboldened by improving economic numbers, President Obama threw down a gauntlet to the Republican Congress Saturday — pass the payroll tax cut extension or be vilified by working Americans.
The Republican party stands for one thing…tax breaks for millionaires. In addition to the $265k average annual tax cut that the Ryan plan is offering to anyone making more than $1 million a year…when factoring in the Bush tax cuts for the rich – we’re talking about a total of $400k a year in tax cuts for someone making $1 million a year.
New York has passed a new bill that will cut taxes for 4.4 million New Yorkers, while also raising taxes on those making more than $1 million (for single filers) or $2 million (for joint filers).
For the first time since Republicans won control of the U.S. House of Representatives in November 2010, there isn’t a major fiscal policy bill requiring the immediate attention of Congress.
| VOCAL-NY leader leaflets in opposition to Gov. Cuomo's $4.5 billion tax cut for millionaires. NYC, August 10, 2011 |
Coming hot off the heels of an action yesterday in New Paltz, New Deal groups in NYC continued to build pressure this morning.
“New Yorkers don't buy the snake oil that tax breaks for millionaires will lead to jobs, which is why more than 7 in 10 people want to see the millionaires tax extended," said Robert Tolbert, a VOCAL-NY leader and Board member. "In fact, the reverse is true. Giving away more than $4 billion to the richest New Yorkers is sure to mean fewer public services and fewer jobs, slowing down our economic recovery.
On site at SUNY New Platz on August 9, low-income members of Community Voices Heard from Newburgh and Poughkeepsie voiced opposition to Governor Andrew Cuomo’s effort to issue a $4.5 billion dollar tax cut to New York’s wealthiest millionaires. The New Yorkers, organizing as part of the New Deal for New York campaign, were turned away from the closed-door meeting by State Troopers on the rainy Tuesday afternoon.
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