• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

Conyers: Debt deal is bad for workers

Americans will come to regret the Budget Control Act passed by Congress yesterday, U.S. Rep. John Conyers (D-Detroit) said, because it cuts billions from crucial domestic programs while failing to close tax loopholes for corporations. In a Monday evening statement Conyers said:

I strongly oppose this legislation. The Budget Control Act compromises our basic commitment to provide assistance to the most vulnerable members of society. It invests too much power in the hands of a special congressional committee. It excludes revenue raising measures and does not close loopholes exploited by tax-evading corporations. It offers scant protection for the poor and working families who rely on Medicare, Medicaid, and Social Security. Specifically the legislation:

Excludes revenues. While making drastic cuts to programs vital to working families, the legislation does nothing to close corporate tax loopholes or corporate subsidies, such as those provided to large oil companies, billionaire hedge fund managers, and corporate jet owners.·

Cuts billions of dollars to crucial domestic programs. The legislation puts programs on the chopping block that working Americans rely upon in areas such as healthcare, education, and transportation.

Eliminates Federal Direct Stafford loans for graduate students. At a time when we should be training the next generation of doctors, engineers, and innovators, this legislation will make it more difficult for Americans to obtain advanced degrees. This will harm American competitiveness and cost jobs. ·

Creates a special congressional committee with the power to cut important social programs such as Medicare, Medicaid, and Social Security with no input from the rest of Congress. Furthermore, should Congress choose not to adopt the recommendations of the special committee, the legislation triggers 1.2 trillion dollars in devastating cuts.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.