With Congress having reconvened for its lame-duck session, a group of Oregonians has urged lawmakers to let the Bush-era tax cuts for those at the highest income levels expire, calling it the “responsible” course of action.
Oregonians for Responsible Federal Taxes — a coalition of more than 50 organizations and individuals (PDF) representing the faith, social service, business, farming and labor communities — insists that Congress should allow the tax cuts enacted during the Bush Administration to remain in place for all taxpayers except those that benefit only the wealthiest top 2 percent of households.
Why? Because every dollar spent on tax cuts just for the wealthy is a dollar not available to invest in our nation and its people.
Also, for all lawmakers who profess concern about rising deficits, letting the tax cuts targeted just at the wealthy expire ought to be a no-brainer.
Read the coalition’s news release and return here to discuss.