Budget & Taxes

PFAW Supports President Obama’s Call for a Balanced Approach to Fiscal Plan

President Barack Obama posed an important question to families across the country yesterday: what does $2,000 mean to you?

In a speech on extending tax cuts for the middle class as the fiscal deadlines approach, President Obama emphasized the importance of this tax measure for everyday Americans:

 

“If Congress does nothing, every family in America will see their taxes automatically go up at the beginning of next year…A typical middle class family of four would see its income taxes go up by $2,200. $2,200 out of people’s pockets. That means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. It means a tougher choice between paying the rent and paying tuition. And middle class families just can’t afford that right now.”

 

He made the case that extending tax cuts for the middle class would give families peace of mind and give those in Washington more time to work out a comprehensive fiscal plan “in a balanced way – including asking the wealthiest Americans to pay a little more so we can still invest in things like education and training in science and research.”

Earlier this month, People For the American Way – as well as PFAW’s African American Ministers in Action and People for the American Way Foundation’s Young Elected Officials and Young People For programs – joined more than 100 other organizations in calling for a budget agreement that prioritizes job creation, saving the safety net, stopping sequestration, and adding new revenue from corporations and the wealthiest earners.

Americans agree with this approach. A Washington Post-ABC poll released yesterday found that the majority (60%) of Americans support increasing taxes on the wealthy and that 67% oppose raising the age for Medicare coverage. As families across the country know, the solution to our fiscal problems cannot come from putting efficient systems like Medicare and Medicaid on the chopping block so that we can extend tax breaks for the richest Americans.

Beyond being bad for families, it’s bad for our national economy. As the Congressional Research Service found this fall, lower tax rates for the wealthy do not spur economic growth. Instead, as President Obama said today, “let’s approach this problem with the middle class in mind” – and make sure Congress isn’t taking money out of our national investments in health and education to pay for tax cuts for the wealthy.

 

PFAW

Ryan Budget "Robin Hood In Reverse"

“We think America is on the wrong track,” said Chairman of the House Budget Committee Paul Ryan (R-WI) as his budget plan passed the House on a party-line vote. “We think the president is bringing us to a debt crisis and a welfare state in decline,” he continued.

So what’s his prescription?

It turns out the GOP’s lead budget person is pushing for a debt crisis and a welfare state. Except the debt crisis would be caused by continuing to give massive tax cuts to the 1 percent and the welfare program would be for Big Oil. And one other thing: it would end Medicare as we know it.

The Ryan budget would reduce taxes roughly $400,000 a year on those earning more than $1 million annually. 62 percent of the funding for this tax cut comes from low income programs.

The Ryan budget would keep the $24 billion in subsidies to Big Oil that the Obama Administration tried to end.

The Ryan budget would transform Medicare from a system that guarantees coverage to a voucher system and raise the age of eligibility, leaving millions of seniors without affordable coverage.

The Republicans have had quite a few chances to lay out a fresh vision for America, but instead keep offering up the same misguided priorities that make the rich even richer and leave the rest of us out to dry. If Paul Ryan thinks that forcing Americans to give up our Medicare benefits while continuing taxpayer handouts to Big Oil is the “right track” for America, then we might not want to board that train.

PFAW

AAMIA's Rev. Dr. Shine Joins President Obama at Press Conference in Support of Working Americans

AAMIA's Rev. Dr. Robert P. Shine joined President Obama today at a press conference in support of policies that help working Americans.

Rev. Dr. Robert P. Shine, Vice-Chair of People For the American Way’s African American Ministers in Action and founder and pastor of Philadelphia’s Berachah Baptist Church, joined President Barack Obama at a White House press conference today in support of policies to help working Americans struggling in the current economy.

African American Ministers In Action Applauds Obama’s Jobs Plan

PFAW's African American Ministers in Action applaud President Obama's jobs plan and encourage Congress to pass it quickly.

In response to President Obama’s speech to Congress last night laying out his jobs plan, Minister Leslie Watson Malachi, Director of the African American Ministers in Action, issued the following statement.

“Last night, President Obama laid out a common sense plan to help put Americans back to work. Without a doubt, Congress should step up to the plate and pass this legislation without delay.

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