John,
With a first-ever federal default looming, new reports out of Washington, DC indicate that President Biden might be close to accepting some of Kevin McCarthy’s demands to claw back hard-fought IRS funding intended to crack down on wealthy tax cheats.[1]
And, before leaving on vacation, the powerful House Ways and Means Chair, Jason Smith (R-MO), indicated that he plans to introduce a tax package by his birthday on June 16th that would renew and make permanent the expired, or soon-to-expire, provisions in the Trump-GOP tax scam.[2] According to the Congressional Budget Office, extending the 2017 Trump tax cuts would ADD $3.5 trillion to our national debt.[3]
This wouldn’t just be a birthday present to Chairman Smith; it would also be a massive handout to the rich and corporations.
House Republicans are demanding trillions of dollars in cuts to critical programs and services for the aging, people with low incomes, and vulnerable communities just to pay for even more tax cuts for the rich and corporations. With Kevin McCarthy’s office and the White House still negotiating a potential deal to avert a federal default, we’re keeping the pressure on Congress and President Biden to reject any proposal that increases hardship for those in need.
Rush a contribution today to fight back against attempts to cut taxes for the rich and corporations on the backs of low income families, the aging, and the vulnerable.
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Together, we’re showing President Biden that when he fights for those in need, we have his back.
Thank you,
Deborah Weinstein
Executive Director, Coalition on Human Needs
[1] Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
[2] GOP Plans to Unveil Deficit-Exploding Tax Cuts for the Rich Two Weeks After Debt Limit X-Date
[3] Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues
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