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Daily News Roundup- August 2nd, 2012

By Morgan Currier

In today’s news highlights,  Marketwatch reveals a Republican who dared to break his pledge to Norquist by voting against the Republican plan at yesterday’s House vote, the New York Times reports that the GOP tax plan will have a disproportionate impact on Americans, and the Associated Baptist News highlights Christian leaders who are demanding an end to ideological agendas that favor the richest 2%.

The one Republican who voted no to extending Bush tax cuts

Marketwatch, 8/1/2012

Rep. Timothy Johnson [was] the only Republican to vote against a bill in the House extending Bush-era tax cuts for everyone by one year….

The Illinois representative has already broken ranks with many in his party when, in March, he said he was no longer bound to follow a pledge to the Americans for Tax Reform group not to raise taxes, according to the publication Roll Call.

“I would never in a million years have considered this as some kind of a locked-in-granite pledge. Frankly, I didn’t even remember it. That shows you how obscure it was to me,” Johnson said to Roll Call.

 

Obama Says Romney’s Tax Plan Favors Wealthy Only

New York Times, Jackie Calmes, 8/1/2012

Mr. Obama cited a new study from the nonpartisan Tax Policy Center of the Brookings Institution and the Urban Institute, two centrist Washington-based policy research organizations. The analysis concluded that the sort of tax code that Mr. Romney has proposed “would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers.”

[…]if Mr. Romney reduced or eliminated other tax breaks to offset the revenue loss of his tax cuts — as he has promised, without specifics — the changes would shift $86 billion of the tax burden away from the high-income taxpayers and onto everyone else. Americans would lose some or all of existing tax breaks for mortgages, college tuition and health insurance[….]

 

Faith leaders oppose GOP tax plan

The Associated Baptist News, Bob Allen, 8/1/2012

More than 60 Christian leaders and theologians – including several Baptists – signed an open letter Aug. 1 criticizing a proposal backed by House Republicans to extend Bush-era tax cuts to the wealthiest 2 percent of Americans, while allowing enhancements to middle-class tax credits added in 2009 by President Obama to expire.

The faith leaders said how Congress votes on the tax measures “will have a profound impact on working families and the poor.”

“Favoring the wealthiest 2 percent over working families is irresponsible public policy that fails a basic moral test,” the leaders said….“Ultimately, these choices reflect our values and reveal our priorities as a nation,” they said. “We urge members of Congress to put families and workers before ideological agendas that favor the powerful.”

 

Follow Americans for Tax Fairness on Twitter and Facebook and tell your friends and family about the importance of ending the Bush tax cuts for the richest 2%. As long as people are still writing about taxes, and we expect they will for quite some time, we’ll keep bringing you the best stories, every day.