[Dialogue] Fw: Our USA national priorities - Tax Breaks vs. Budget Cuts

[Wilson Priscilla]

Thank you, Janice. We know all this...but to see it in comparisons like this chart is almost overwhelming.
Priscilla Wilson

On Mar 8, 2011, at 1:02 PM, Janice Ulangca wrote:

>  
> Information on what is up for cutting, and what's not, during budget discussions in the U.S. Congress going on this week and next. Info is pasted into this message.  In the attachment, it's neatly arranged in columns - hope you can open it.  A link to sources for these figures is below.
> Janice Ulangca
>  
>  
> Programs at risk             Tax breaks for the wealthy
> 
> $11.2 billion Early childhood programs     $11.5 billion Annual cost of estate tax cuts for millionaires
> 
> $8.9 billion Low income housing programs   $8.9 billion Mortgage interest deduction for vacation homes (10 years)
> 
>  
> $7.6 billion Supplemental nutrition for poor families (WIC)  $6.7 billion Cost of “estate planning” techniques used by wealthy to avoid taxes
> 
> $4.6 billion Teacher training and afterschool programs      $5.2 billion Cost of removing limit on itemized deductions for high income
> 
>                                                                                                                                   taxpayers (in 2011)
> 
> $4.1 billion Job training for unemployed and new workers   $4.1 billion Cost of tax breaks for offshore operations of U.S. financial companies
> 
> $2.5 billion Low income energy assistance (LIHEAP) grants for poor  $2.5 billion Tax breaks for oil companies (write-offs
> 
>                                                                                                                                    for drilling and oil well costs in 2012)
> 
> $2.5 billion Community health centers   $4.9 billion Cost of extending alcohol fuel tax breaks
> 
> $2.0 billion Homeless assistance grants  $2.3 billion Tax loopholes for managers of hedge funds and private equity funds
> 
>                                                                                                (in 2012)
> 
> $420 million Legal services for the poor  $312 million Company write offs of punitive damages (10 years)
> 
> $317 million Title X family planning      $303 million Special tax breaks for timber industry
> 
>  
> $44 billion All programs at risk combined
> 
> $42 billion One year cost of extending Bush tax cuts for top brackets (2012)
> 
>  
> See this link for more information and sources for these amounts.  Most figures are from various government sources.
> 
> 
> http://www.americanprogress.org/issues/2011/02/tax_breaks_infographic.html
>  
> <taxcutsvs.programs2011.pdf>_______________________________________________
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Priscilla H Wilson
Pris at TeamTechPress.com
913-432-2107
www.teamtechpress.com






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