|As Co-Chairs of the Congressional Progressive Caucus, we would like to reiterate our support for President Obama's Fiscal Year 2011 budget proposal that would extend the Bush tax rates for the middle class, but permit the tax levels to return to previous levels for single taxpayers making more than $200,000 or married couples making more than $250,000. We respectfully request that we have a Caucus discussion regarding our position before any proposal is brought to the Floor....|
We believe extending the Bush tax cuts would be a giveaway to the nation's wealthiest people and would significantly increase government debt. This debt, in turn, will be paid by the lower and middle classes through increased interest payments and decreased social services for generations to come. This astronomical sum could instead be used to close our budget deficit. It is critical that we pass President Obama' s middle-class tax proposal without providing an even greater lift for the wealthiest Americans who don't need it.
November 16, 2010
Strong Democrats with Simple Politics
Liberals to Dem leaders: Hold a vote just on extending middle class tax cuts. "Now Dem Reps. Raul Grijalva and Lynn Woolsey, the two co-chairs of the House Progressive Caucus, have endorsed this approach, sending a letter to Nancy Pelosi asking her to carry it out:"