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.
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Won't Exist.
United for a Fair Economy is a non-partisan organization that helps people of all races, ethnicities and classes work to reduce economic inequality.