Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with bush tax cuts

Boehner’s Failure a Fiscal Reset Button

AFL-CIO President Richard Trumka issued the following statement on House Speaker John Boehner’s (R-Ohio) “Plan B” failure and the latest fiscal developments:   

Speaker Boehner’s failure last night should be seen as one thing: A reset button to listen to the will of the American people. The slate is clean and we call on the President to come forward with an offer that reflects the reasons he won the election. Across the country working people continue to demand no tax cuts for the richest two percent and no benefit cuts to Medicare, Medicaid and Social Security. At this point, cuts to the Social Security COLA to pay for more tax cuts for the wealthiest 2 percent should be off the table. The President and Congress have no obligation to radical Republicans who have no ground to stand on. What they do have is the backing of millions of hardworking women and men tired of being held hostage by far right-wing Republicans who clearly have little interest in governing.

Read more and comment »

Boehner, Listen to the Voters—and Save Your Party

Listen to the Voters—and Save Yourselves

This is an excerpt from Listen to the Voters—and Save Yourselves, by AFL-CIO President Richard Trumka. 

It's time for House Speaker John Boehner and the Republican leadership to stop holding America's middle class hostage and instead join Democrats in saying "No" to another tax cut for the rich.

That's what voters asked for, loud and clear.

Read the rest on The Huffington Post

Read more and comment »

Happy Ending to This Fairy Tale? End Bush Tax Cuts for the Rich

Once upon a time, Ed Asner (former president of the Screen Actors) tells us, in this animated video from the California Federation of Teachers (CFT), there was a land that was happy and prosperous with a great education system, safe streets, jobs for everyone and a thriving middle class. But then things changed when the rich people decide they didn’t want to pay taxes anymore.

 

Read more and comment »

The High Price of Republican Hostage-Taking

Just a few days after the election, House Speaker John Boehner made clear that Republicans plan to hold the economy hostage once again to their ransom demands for the richest 2%.

Working families are telling Congress no more tax breaks for the wealthiest 2% and no benefit cuts to Social Security, Medicare and Medicaid. Learn more at www.aflcio.org/ProtectOurFuture

Read more and comment »

How to Boost the Economy by Ending Tax Cuts for the Wealthy

A new report by Josh Bivens and Andrew Fieldhouse of the Economic Policy Institute (EPI) and The Century Foundation (TCF) shows how ending Bush tax cuts for the richest Americans could lead to 2 million more jobs in 2013 and 1.4 million more jobs in 2014.

The EPI report explains what economists already know about tax cuts for the wealthy—they are extremely ineffective in creating jobs.

EPI shows how we could end these wasteful tax cuts for the wealthy, use half of the savings to reduce the deficit and use the other half to create jobs in much more effective ways.

Read more and comment »

Elected Officials and President Trumka Reject Benefit Cuts to Social Security, Medicare and Medicaid

A group of Democratic senators is circulating a letter opposing benefit cuts to programs like Social Security, Medicare and Medicaid and saying that the Bush tax cuts for the wealthy should expire at the end of the year. The letter also calls for increasing revenue, cuts to defense and the closing of tax loopholes for the wealthy and corporations. The letter was drafted by Jay Rockefeller (W.Va.) and Tom Harkin (Iowa). The Democratic senators are hoping to get 30 senators to sign the letter.

Read more and comment »

‘Fix the Debt’: A Trojan Horse for Corporate Tax Cuts

Fix the Debt is a trojan horse for corporate tax cuts.

Maybe you’ve heard of it—the CEO campaign to “Fix the Debt." With a $60 million war chest and the blessing of more than 80 CEOs of America’s biggest corporations, “Fix the Debt” is passing itself off as a reasoned call for compromise to save the nation from economic disaster. But as this new infographic and a recent study show, the companies behind Fix the Debt stand to gain $134 billion from one of the tax breaks they are promoting. Not just any tax break, mind you, but a new tax incentive for corporations to send U.S. jobs overseas.

Read more and comment »

Union Leaders Meet with President Obama to Discuss Fiscal Priorities

AFL-CIO President Richard Trumka and other national leaders of unions and progressive groups actively involved in discussions over fiscal priorities met with President Obama Tuesday morning at the White House. Trumka and the group urged Obama to not give more tax cuts to those making more than $250,000 and to not cut Social Security, Medicare and Medicaid benefits. The group also pledged to support the president in fighting for a good deal for the country, even if that means negotiating into the new year. Afterward, Trumka told reporters:  

Read more and comment »

Working Families Say Lame Duck Can’t Bargain Away Social Security, Medicare, Medicaid

Ohio AFL-CIO photo

Thursday morning outside Sen. Rob Portman’s (R-Ohio) Cincinnati office (see photo), a young single mother and her son, Vincent, who has severe disabilities, talked about the vital role Medicaid plays in their lives and how devastating any cuts to that health care lifeline would be.

The action was just one of more than 100 last week by working family activists urging Congress not to agree to a so-called “grand bargain” of deficit reduction in the upcoming lame-duck session that includes Social Security, Medicare or Medicaid benefit cuts.

Read more and comment »

Here's Your Road Map for the Upcoming Budget Obstacle Course

Here's Your Road Map for the Upcoming Budget Obstacle Course

After the election, Congress will make some high-stakes decisions about jobs and taxes that could have serious consequences for working families and the economy. A new report by the Economic Policy Institute (EPI) should serve as the working families’ guide to the post-election debate.

Here are some of the decisions facing Congress when they return: the federal unemployment benefits program expires at the end of December. The Bush tax cuts also expire automatically and Congress will have to decide whether to extend them for the middle class or also extend them for the richest 2% of Americans.  Thanks to last summer’s debt ceiling agreement, across-the-board budget cuts are scheduled to take effect in January 2013.  If Congress makes the wrong calls on these high-stakes decisions, we could have another recession in 2013.

Read more and comment »

Online Community

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO

Are you a union member?

GET TEXT FROM AFL-CIO

*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online