For Immediate Release
Tax Plan a Good Start – Must Go Further
BOSTON, MA - While President Barack Obama’s recognition of the damage done by Bush-era tax cuts for “every millionaire and billionaire” deserves applause, United for a Fair Economy calls on the President and Congress to show the political courage to enact tax policies that restore sanity and fairness to the tax code.
- Tax Wealth Like Work: the newly launched campaign of UFE’s Responsible Wealth network, is calling for taxing income earned from capital gains and dividends at the same rate as income earned from work.
- Restoring progressivity to the income tax: Since 2001, UFE has unequivocally opposed the Bush tax cuts for top earners. In March 2011, UFE joined other national organizations in support of Rep. Jan Schakowsky's Fairness in Taxation Act, which would create new income tax brackets of 45 percent and up for those with incomes in excess of one million dollars.
- Preserving the federal estate tax: Since the late 1990s, UFE has worked to preserve the estate tax – America’s only tax on inherited wealth. UFE supports the progressive estate tax proposal by Rep. Bernie Sanders.
United for a Fair Economy is a non-partisan organization that helps people of all races, ethnicities and classes work to reduce economic inequality.