Dear John,
Deficits, deficits, deficits -- for months the Republicans claimed this was their concern, and they held the nation hostage refusing to raise the debt ceiling and demanding massive cuts to programs that help working families.
But now they’ve easily passed out of committee a bill that will yield billions of dollars in tax cuts for wealthy corporations, private equity firms, the richest 1%, and investors from other countries.
Suddenly increasing the deficit no longer seems to be a concern for them.
They will partly pay for their taxpayer giveaway to the ultra-wealthy by rolling back the green energy tax credits from the Inflation Reduction Act. Never mind that that money was intended to modernize our economy, help break our dependence on fossil fuels, and fight climate change -- it’s more important to Republicans to line the pockets of corporations and millionaire donors than it is to save the planet from climate catastrophe.
Click here to send a message to your representative today: Vote NO on Republican Tax Scam 2.0! Don’t funnel billions of dollars away from needed programs and into the waiting coffers of the ultra-wealthy!
Republicans are trying to pass this new Tax Scam off as a one-time deal -- $80 billion here, $80 billion there. But they haven’t exactly been hiding that their real goal is to make these tax cuts permanent in the long run. It’s estimated by the Committee for a Responsible Federal Budget that the costs would multiply to more than $1.1 trillion over the next ten years.
And that’s not even counting the $3.5 trillion from extending the Trump tax cuts already in place. There’s some overlap, but when we add it all up, the total costs could be over $4 trillion. Any way you sum it, that’s a significant chunk of change to give away to the already ultra-rich.
In the end, it comes down to the continued concentration of wealth at the very top that would exacerbate economic inequality more and more year after year.
The GOP Tax Scam 2.0 takes money from programs that help the most and privatizes it into the pockets of those who already control more than their fair share of the economy.
Click here to sign and send a message to your representative and demand they vote NO on the GOP Tax Scam 2.0 now.
All of society benefits when we manage greenhouse gasses, when we make sure people have access to quality healthcare, and when Social Security stays stable and secure.
Thank you for contacting your member of Congress today.
Robert Reich
Inequality Media Civic Action
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