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

[KarenBueno at aol.com]

Thanks for the chart, Janice.  This really spells it out.  The  Action 
Alert letter I received yesterday from the United Methodist Women's  Action 
Network states it in this simple sentence: "Ours is a nation where wealth  is 
concentrated in the hands of financial elite", then that letter goes on to  
explain and give examples, just at you chart does.
 
Assuming we agree with that statement--that our nation concentrates its  
wealth in the hands of the financial elite"--what is the action that is 
demanded  from us as spirit people?  I can't figure out what to do next.
 
Karen Bueno
 
 
In a message dated 3/8/2011 12:02:55 P.M. Mountain Standard Time,  
aulangca at stny.rr.com writes:

 
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_
 
(http://www.americanprogress.org/issues/2011/02/tax_breaks_infographic.html) 


 







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