Guest guest Posted October 15, 2005 Report Share Posted October 15, 2005 Please Note: The Senate or House is eliminating the " Alternative Minimum Tax " . This will result in a loss of $200 billion in Federal revenue . By making the proposed cuts below, I understand that it will only result in a $100 billion reduction in Federal Revenues. It is my understanding that the wealthiest of us will gain most by " Elimination of the Alternative Minimum Tax " . There is some discussion concerning decreasing the maximum amount of mortgage deductible interest. The current policy again , benefits the people who have the higher mortgage interest payments The following is the original post that I saw: >I just read your post in the Me-List concerning the Government considering >cuts to education for children with disabilities,SSI, etc. > > >The deep tax breaks of 2001 and 2003 that >overwhelmingly benefited the wealthiest Americans were not paid for - >and contributed mightily to the deficit. This year people earning more than >$200,000 >will get back more than $250 billion from the 2001 and 2003 tax cuts. >The budget resolution would actually make the deficit worse - because >the new tax breaks are twice the size of the spending cuts. Those tax break >about spiraling deficits are expected to include extending the reduced >capital gains and dividend rates for investors. > >Advocates are gearing up to meet with their members of Congress during >the District work period the week of October 10 through 14. The Coalition >on Human Needs and other groups are organizing call-in days on October 17 >and >18 to tell Congress to abandon its plans to cut services for the poor while >cutting >taxes for the rich.< Date: Fri, 14 Oct 2005 09:56:15 -0500 From: Arzu & Reza Forough <a.forough@...> Subject: O/T $35 billion in cuts to Medicaid, Food Stamps and other vital services I'm sorry about the delay, here's more information on what I'd posted earlier. Please feel free to post to various disability lists. Sincerely, Arzu Forough FYI Call the capitol toll-free October 17 & 18: set congress's priorities straight! Congress has a serious priorities problem - and it will mean less food and health care for people in need if you don't set them straight. Its unthinkable that Congress might cut Medicaid, Food Stamps, TANF and other vital services for people in need - whose numbers have shot up because of the hurricanes. But these cuts are now scheduled for action in Congress starting the week of October 17. Its even more unthinkable that Congress may cut even more deeply! Reacting to the cost of Katrina recovery, powerful voices in Congress are now calling for deeper cuts across domestic programs. But they have not stopped the plans for still more tax breaks to the well-off. These are dangerous choices. CALL YOUR SENATORS AND REP. ON OCTOBER 17 OR 18 TELL THEM THESE CUTS ARE UNTHINKABLE! For a PDF flier with this information, click here: http://www.chn.org/pdf/congresspriorities.pdf. For background on cuts, click here: http://www.chn.org/pdf/congressprioritiesbackground.pdf. HOW TO CALL: Step 1: On October 17 or 18, call 1-800-426-8073 to be connected toll-free to the Capitol Switchboard. Ask to speak to one of the senators from your state. Step 2: When the senators phone is answered, say: My name is ___________ and I live in [your town/city]. I would like Senator [name] to oppose $35 billion in cuts to Medicaid, Food Stamps and other vital services, and to oppose $70 billion in more tax cuts. The right priorities are protecting people from sickness and hardship, investing in housing, jobs, and other services that families need not squandering billions on tax cuts for the well-connected. Step 3: Use the toll-free number in step 1 and call your other senator and your representative. If the lines are busy, please be patient and try again. Or, dial their direct lines (not toll-free) - find the numbers at www.senate.gov and www.house.gov Quote Link to comment Share on other sites More sharing options...
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