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May 14, 2003
Immediate Action Needed
Join National Call-In Day for Children and Families: Wednesday, May 14!
The Senate is scheduled to vote this week on a tax cut bill that favors the wealthy by primarily cutting taxes on dividends and capital gains while providing no relief for low-income Americans. If these cuts are enacted, more than 50% of the tax breaks will go to the richest Americans. These tax cuts will jeopardize funding for children's services.
National organizations are working together to have our voices heard in Congress on Wednesday, May 14, 2003. On that date, individuals from all over the country will be calling Congress with the message: VOTE NO ON TAX CUTS that will jeopardize children's programs.
IMMEDIATE ACTION REQUIRED:
On Wednesday, May 14, call your two United States Senators toll-free by dialing 1-888-280-6279 (provided by the AFL-CIO). If the line is busy, call the Capitol switchboard at 202-224-3121 and ask for your Senators.
MESSAGE TO YOUR SENATORS:
ASK YOUR SENATORS TO OPPOSE THE TAX CUT BILL TO BE VOTED ON THIS WEEK. These tax cuts are expensive, inequitable, and will not stimulate the economy as promised. Further, they jeopardize our nation's ability to make needed investments in children's services.
Congress is moving quickly to approve a tax cut bill. The U.S. House of Representatives approved their tax cut bill last week. The United States Senate is expected to consider their tax cut bill this week. Once the Senate completes its bill, a conference committee will work out the differences between the House and Senate versions of the tax cut bill. This conference committee is expected to begin next week.
The U.S. House of Representatives swiftly approved its tax cut bill on May 9. The bill cuts taxes on dividends and capital gains, speeds up the tax rate reductions, and sunsets other provisions, such as the child tax credit and marriage penalty. The House bill provides no resources to help states in this time of economic downturn. With little debate, the House-passed tax bill is expensive, inequitable to all but the wealthiest of taxpayers, does not help the economy to grow, and contributes to record deficits. The cost of the House tax cut bill is estimated at $1 trillion over ten years.
The Senate will vote on a tax cut bill that accelerates tax rate reductions for the top 5% of households, provides business tax cuts, and begins the process of eliminating the tax on dividends. A last minute addition to the Senate bill includes $20 billion in state fiscal relief, a reduced amount that is not adequate to help states. Overall, the Senate tax bill is too expensive, inequitable, and does not spur immediate economic growth. The cost of the Senate tax cut bill is estimated at $415 billion, with an additional $8-$12 billion in lost revenue to the states due to the changes in the dividend tax provisions included in the bill.
CWLA opposes any tax cut proposal that is funded at the expense of investments need to support vulnerable children and families and their needs. We have supported tax cuts that are both fiscally responsible and equitable and that provide real relief to states. CWLA wants to ensure that all current funding for vital children's programs are not cut at the federal or state levels. Urge your Senators to oppose the tax cut bill.
For more information, contact Liz Meitner, CWLA Vice President of Government Affairs, at 202/942-0257 or email@example.com.
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