Watch the latest video on the Bush Tax Cuts from Americans for Tax Fairness:
515 organizations have signed a letter urging Senators to include reforms to the corporate tax code that ensures that corporations are paying their fair share.
The “Plan B” tax proposal that House Speaker John Boehner planned to put to a vote in the House of Representatives would have allowed the richest one percent of Americans to pay $36,000 less in federaln income taxes, on average, than they would pay under President Obama’s most recent proposal.
While deficit reduction is important over the long-term, after the economy grows much more robust and produces a large number of jobs again, it should not come at the expense of people with disabilities.
A major debate is raging in Washington about how to raise revenues in a deficit-reduction deal. President Obama correctly proposes to raise tax rates on the richest 2 percent of Americans as a first-step during the lame-duck session of Congress.
Below is a brief description of the expiring Bush tax cuts that primarily benefit wealthy Americans and the recommendations of Americans for Tax Fairness about what to do with them.