Monday, March 27, 2006
What is happening to this country? 10/30/05
Dear Editor,
Why are we letting Congress cut $50+ billion from Medicare, Food Stamps, Heating Assistance, Farm Subsidies and Student Loans while giving the wealthiest another tax cut?
Will you get Tax Cuts? More than 70% of benefits go to the top 20%, and more than 25% go to the top 1%.
Tax Cuts over Time? 54% of some benefits would go to those earning more than $1 million a year. Another 43% of benefits would go to those earning between $200,000 and $1 million. Thus, 97% will go to the 3.7% earning $200,000 or more. Virtually none of the benefits go to families with incomes under $100,000.
In 2018, the year we are told Social Security will be in crisis because it will pay out $23 billion more in benefits than it will receive in revenues — the tax cuts would cost $323 billion
1.1 million more Americans slipped into poverty in 2004. The 4th year the rate climbed. The increase was borne completely by whites, the only group that saw its poverty rate rise! Poverty starts at $13,020 for a single parent with one child and $19,157 for two adults with two children.
These are people who have to choose between paying rent, heating their homes or buying food. Are we going to sit by and watch old people die of the cold this winter, and even more children go hungry?
Why are we letting Congress cut $50+ billion from Medicare, Food Stamps, Heating Assistance, Farm Subsidies and Student Loans while giving the wealthiest another tax cut?
Will you get Tax Cuts? More than 70% of benefits go to the top 20%, and more than 25% go to the top 1%.
Tax Cuts over Time? 54% of some benefits would go to those earning more than $1 million a year. Another 43% of benefits would go to those earning between $200,000 and $1 million. Thus, 97% will go to the 3.7% earning $200,000 or more. Virtually none of the benefits go to families with incomes under $100,000.
In 2018, the year we are told Social Security will be in crisis because it will pay out $23 billion more in benefits than it will receive in revenues — the tax cuts would cost $323 billion
1.1 million more Americans slipped into poverty in 2004. The 4th year the rate climbed. The increase was borne completely by whites, the only group that saw its poverty rate rise! Poverty starts at $13,020 for a single parent with one child and $19,157 for two adults with two children.
These are people who have to choose between paying rent, heating their homes or buying food. Are we going to sit by and watch old people die of the cold this winter, and even more children go hungry?
# posted by Florence Vincent @ 5:03 PM 
