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FOR IMMEDIATE RELEASE
MAY 4, 2001
11:04 AM
CONTACT:  Institute for America's Future
Tasha Spindler 202-955-5665
Senators Kennedy, Boxer, Corzine Join Institute to Release Report Showing Bush Tax Cut Leaves Millions of Poor Children Behind
Report shows how Bush's $555 billion tax cut for wealthiest 1% could be spent to improve the lives of America's poorest children.
 
WASHINGTON - May 4 - On Tuesday, May 8 at 11 am, the Institute for America's Future will join with Senators Edward M. Kennedy, Barbara Boxer, and Jon Corzine, to release a new report, "Choosing the Wealthy Over Children." The report finds that if Congress votes in favor of President Bush's tax proposal, giving $555 billion in tax reductions to the people earning over one million a year, America will lack the resources to do anything significant to address the needs of its poorest children.

The report, compiled with the assistance of City Policy Associates, outlines a ten-year investment strategy designed show how the lives of poor children could be improved if the $555 billion President Bush proposes to give as tax breaks to the top one percent of income-earners over the next ten years were instead spent on programs for children. "Bush ignores the needs of America's children in order to give a wind-fall tax return to the wealthiest of all Americans," said Roger Hickey, Co-Director of the Institute. "We challenge the President -- and any Member of the Senate or House planning to vote for his
tax cuts -- to explain how they can claim there is surplus when millions of children are raised in poverty, lack health care, live in unsafe housing, and attend overcrowded schools that are falling apart."

The report will be released simultaneously by citizen groups in several states, many in conjunction with the national grassroots movement, Fair Taxes for All Coalition, to bring attention to the pressing needs of children at the state and local level.

WHAT:
Release of report, "Choosing the Wealthy Over Children"

WHERE:
Senate Swamp (NE Senate side of the Capitol, on Constitution Avenue)

WHEN:
11 a.m., Tuesday, May 8

WHO:
Roger Hickey, Co-Director, Institute for America's Future
Senator Edward Kennedy, (MA)
Senator Barbara Boxer, (CA)
Senator Jon Corzine, (NJ)

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