Tax Reconciliation Vote May Take Place Soon

Both the Senate and House are expected to vote on the $70 billion tax reconciliation bill this week, which both extends capital gains and dividends tax rates for two more years, and also provides protection for 15 million families from paying the alternative minimum tax. The tax cuts within the bill, particularly the capital gains and dividends rate extension, would overwhelmingly benefit the wealthiest in society. The Center on Budget and Policy Priorities has estimated that H.R. 4297 would give households with incomes over $1 million an average tax cut of $42,000. These cuts would be on the back of the Budget Reconciliation bill passed by Congress which cut nearly $39 billion from Medicaid, Medicare, student loans, child support enforcement and other services. Take action!Call you Representative toll-free at 800-459-1887 and tell them to vote NO on the tax cut reconciliation bill.
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