Bush Tax Cuts-Deregulatory Legislation

July 24, 2012
Dear Mark,
In less than 24 hours, the U.S. Senate is expected to vote on whether to allow the Bush tax cuts on households earning over $250,000 to expire. This means every household would get tax breaks on the first $250,000 of income; those earning more would pay more on income above this level. Allowing tax cuts for the top 2 percent to expire would generate almost a trillion dollars in revenue over the next ten years — revenue that can be used to pay down the deficit and build a platform for future growth (by investing in education, infrastructure, research, clean energy, and more). Extending all the Bush tax cuts would increase the deficit by $2.8 trillion over the next ten years.
If you haven't already done so, please tell your senators that you want them to end the Bush tax cuts for the richest 2 percent. Call 1-888-744-9958 to be connected to your senators' offices.
Today, the wealthy and big corporations use their lobbyists to rig the tax system and their accountants to exploit every loophole. We need to clean this up. We can’t afford to keep giving tax cuts to the wealthiest Americans and big corporations who need them least.
They need to pay their fair share and start living by the same set of rules as the rest of us.
Please let your senators know what you think. Call them at 1-888-744-9958 right away.

Best regards, Katherine McFate President

"Katherine McFate, OMB Watch" <ombwatch@ombwatch.org>

Mark,

We’re on a collision course with Corporate America.

On Friday, we delivered signatures from more than 30,000 people like you who signed our petition urging Congress not to gut regulations that protect the public from corporate recklessness and rip-offs.

The 746-page stack of signatures we placed on House Speaker John Boehner’s (R-Ohio) desk should be tough to ignore.

This week, we’ll find out if he’s paying attention.

That’s because corporate cronies in Congress are trying this week to pass H.R. 4078, a corporate lobbyist’s wish list of deregulation that will halt new environmental, food safety, financial safety, worker safety and consumer product safety standards — not to mention interminably stall already-delayed Wall Street reforms.

Tell your representative to VOTE NO on deregulation.

Atrociously misnamed the “Red Tape Reduction and Small Business Job Creation Act” a better title for H.R. 4078 would be the “Let Reckless Corporations Do Whatever They Want Act.”

The bill is chock full of nonsense that should sound ridiculous to anyone outside of the corporate think tanks that cooked it up.

For example, one section of the bill would actually halt any effort to rein in Wall Street’s recklessness — the very thing that devastated our economy — until unemployment drops below six percent.

So according to this bill’s “logic,” as long as Wall Street’s greed keeps the economy in shambles, we can’t implement the public protections that would stop Big Banks from gambling with taxpayer money or preying on struggling communities.

We shouldn’t need to tell Congress that this makes absolutely no sense.

But we do.

Contact your representative today. Tell her or him to oppose H.R. 4078.

Thanks for all you do, Rick Claypool Senior Online Organizer, Public Citizen’s Congress Watch