MaineDem
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Wed Dec-14-05 05:49 PM
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DNC: GOP Congress to America's Middle Class: "Bah Humbug" |
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For Immediate Release December 14, 2005 Contact: Karen Finney - 202-863-8148
GOP Congress to America's Middle Class: "Bah Humbug"
Washington, DC - Republicans in Washington have again put special interests and wealthy elites ahead of America's working families. Ignoring the challenges millions of middle class American families face with the Alternative Minimum Tax (AMT) this year and next, scandal plagued Senate Republican Leader Bill Frist has decided instead to focus on dividend and capital gains tax cuts that will primarily benefit only those Americans making more than $1 million a year.
The AMT was "created decades ago to prevent the wealthiest citizens from sheltering most of their income from the Internal Revenue Service," but "because inflation has driven wages higher over the years, it increasingly threatens more taxpayers considered to be middle class, with incomes of $50,000 to $75,000." The non-partisan Tax Policy Center estimates that 3.5 million people will be subject to the AMT in 2005, and that the number will jump to 15 million taxpayers in 2006 if there is no change in the law.
"Once again Republicans in Washington have made it clear that they just don't care about the values and priorities of America's middle class families," said Democratic National Committee Communications Director Karen Finney. "While ensuring that their millionaire friends get yet another tax break, all Republicans in Washington are offering America's middle class families is a big bag of coal. Democrats believe that middle class families deserve better."
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Paid for and authorized by the Democratic National Committee, www.democrats.org. This communication is not authorized by any candidate or candidate's committee.
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rfranklin
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Wed Dec-14-05 05:53 PM
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1. This is great but how many Americans will hear... |
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one whisper about this gigantic screw job. Or will they be captivated by gay weddings and illegal aliens?
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applegrove
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Wed Dec-14-05 06:18 PM
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2. As the Colbert Report says: the war on bah-humbuggery! |
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Wed May 01st 2024, 06:30 PM
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