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Stop The Compromise

Here’s my email to our congressional delegation today:

Senator Baucus, Senator Tester, Congressman Rehberg,

Please do not pass the President’s proposed tax cut compromise. This is a bad deal for Montana.

In the U.S., 1% of the population now controls an unprecedented 50% of the wealth. These are the people for whom we will go $900 billion further into debt under this plan. The “compromise” does not renew the Making Work Pay tax cut, but cuts the payroll tax by 2%. The estate tax holiday was set to expire and affects only 0.5% of our wealthiest families. A family making less than $40,000 per year will actually see a tax increase under this scenario. The average wage in Montana is $40,000. Half of all Montanans will see a tax increase under the President’s plan while billionaires get hundreds of thousands of dollars. The average teacher in Montana makes $38,000. They will see a tax increase under the President’s plan. There are around 20,000 federal workers in Montana. The average salary for federal workers in Montana is $36,000. Not only will they see their pay frozen, but they will see a tax increase under the President’s plan. Every penny of these increased taxes will go to pay for tax cuts for the wealthy and the rest will be borrowed money.  If you make $100,000 you would see a $2,000 tax break. Who are the winners here? Not average Montanans.

A payroll tax cut has been a Republican priority for years in order to further imperil Social Security. The 2% payroll tax cut will expire in the runup toward the 2012 election. Do you expect Congress to increase the payroll tax, increase income tax rates and the estate tax during an election year? These taxes will be extended until they become permanent and will give cover to those who would propose cuts to Social Security and Medicare benefits in order to pay for a tax cut for the wealthiest 2% of our population.

Four million people, unemployed for more than 99 weeks get nothing under the President’s plan. This “compromise” is a sure way to convince liberal voters and independents to stay home during 2012. If we are just going to blindly follow the Republican agenda, what does it matter if we have a Democratic administration? Let all the Bush tax cuts expire. What do we have to lose? Don’t pass this plan. It is a bad deal for Montana. It’s a bad deal for the country.

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