Open Letter to President Obama

Mr. President,

I wholeheartedly disagree with your decision to extend tax cuts for people making over $250,000 per year. The superwealthy have been getting a free ride on the backs of ordinary, hardworking Americans for the last 10 years (Bush Tax Cuts from 2001-2010).

The Average American’s wages were stagnant during the last decade; most Americans got shafted economically by George W. Bush. The Bush Tax Cuts stole $1 Trillion from our country’s budget, and now you want to extend these tax cuts for the superwealthy? This money would be better used for our schools, hospitals, roads, bridges, Medicare, Social Security, and on and on.

Please stand up and fight for the benefit of the majority of Americans. This country becomes more financially secure if we let the Bush Tax Cuts for the superwealthy disappear, and then simply readjust tax levels for the superwealthy to Clinton-era levels. This is the kind of compromise you should have worked out, while providing for an extension of Unemployment Benefits to the Americans who lost their jobs due to the Great Recession.

We elected you to stand up for the benefit of the majority of Americans. Now is the time to do that by allowing the Bush Tax Cuts for people making over $250,000 per year to expire once and for all.

Sincerely, your fellow American

____________________________________________________________________________________________

* At least 25 percent of the tax cuts will benefit the richest 1 percent.

source: http://www.nytimes.com/2010/12/08/us/politics/08impact.html?src=twrhp

EXCERPTS:

“But the tax benefits will flow most heavily to the highest earners, just as the original cuts did when they were passed in 2001 and 2003. At least a quarter [25 percent] of the tax savings will go to the wealthiest 1 percent of the population….

In fact, the only groups likely to face a tax increase are those near the bottom of the income scale — individuals who make less than $20,000 and families with earnings below $40,000.”

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  1. JD Barrale
    December 8, 2010 at 7:12 pm

    All I have to say is that you are a very wise man who speaks with knowledge, strength and clarity. YOU should run for office, NOT people like Meg Whitman!

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