The Washington Independent
The Washington Independent

What to Do With the $700 Billion, If Some Bush Tax Cuts Expire

Alexi Giannoulias, a Democratic candidate for an Illinois Senate seat, has a fun new website at 700billionreasons.com. Giannoulias is lobbying for Congress to

Luqman Jackson
News
Last updated: Jul 31, 2020 | Sep 23, 2010

Alexi Giannoulias, a Democratic candidate for an Illinois Senate seat, has a fun new website at 700billionreasons.com. Giannoulias is lobbying for Congress to let the Bush tax cuts expire for the wealthiest two percent of wage-earners, and letting visitors pick how to spend the saved $700 billion.

“Congress is debating whether to dole out another $700 billion in tax breaks for the wealthiest 2 percent of Americans,” the site reads. “Instead of paying down the debt, creating jobs or investing in our education system, this money would simply line the pockets of a select few — most of whom haven’t asked for a tax cut and don’t need it. Tax cuts for millionaires or 700 billion reasons to invest that money in the middle class? Choose how YOU think Congress should act by building your own budget below, then share it on Facebook and Twitter or write your Congressman.”

The options provided are expanding the payroll tax credit, paying down the debt, improving college affordability, giving incentives to small businesses, investing in clean energy, and preventing foreclosures.

Democratic members of Congress are still debating whether to vote just on the middle-class tax breaks, or on all of the tax breaks, or on some other package. However, they have determined that they will vote before the November election, rather than during the lame-duck session.

Luqman Jackson | Luqman Jackson is an entrepreneur, blogger and traveler. He teaches copywriting, creative discipline, and ethical marketing. For business owners who want to learn the basics of persuasive writing, she has a weekly column, a podcast, and a copywriting course.

Related

Rep. Paul Ryan to deliver SOTU response

Chairman of the House Budget Committee Rep. Paul Ryan (R-Wis.) will deliver the Republican response to the State of the Union Tuesday, according to Mike Allen

Rep. Paulsen allies with medical device industry to relax FDA oversight

Source: Flickr; Republicanconference (www.flickr.com/photos/republicanconference) On the heels of the Minnesota Independent story last week about U.S. Rep. Erik Paulsen’s cozy financial relationship with the medical device industry, the New York Times reported Tuesday that some health professionals are alarmed by Paulsen’s push to relax Food and Drug Administration (FDA) oversight

Rep. Paulsen touts balanced budget constitutional amendment

In a post for the conservative blog True North , U.S. Rep

Rep. Patrick McHenry: Please, Conservatives, Fill Out Your Census Forms!

The conservative congressman from North Carolina, a constant critic of the census -- one of the people who sounded the alarm about politicization when the

Rep. Paulsen, Karl Rove the latest to get ‘glittered’

Rep. Erik Paulsen and former Bush staffer Karl Rove were both showered with glitter at the Midwest Leadership Conference Friday

Rep. Perlmutter to hold constituent meet-up in grocery store

Colorado Congressman Ed Perlmutter will hold a Government in the Grocery constituent meet-up this evening from 5-7 at the Safeway at 38th and Wadsworth in Wheat Ridge. The address is 3900 Wadsworth. The meeting, where Perlmutter typically sits at a folding table and talks to whomever shows up, is free and open to the public

Rep. Perlmutter criticizes House measure that would eliminate 800K federal jobs

Congressman Ed Perlmutter today issued a scathing statement criticizing the House of Representatives for passing a spending bill that could put nearly a million federal employees out of work. The Colorado delegation voted strictly on party lines, with all four Republicans voting in favor of the bill and the three Democrats voting in opposition. Perlmutter’s statement: “My number one priority is to get people back to work because that’s the best thing we can do to pay our debt and move forward toward economic stability

Rep. Pete Stark Won’t Dignify Constituent by, er, Micturating Upon His Leg

In the tradition of Rep. Barney Frank (D-Mass.), California Democratic Rep. Pete Stark revealed at a recent town hall gathering that there are limits to what

Rep. Peace, ACLU seek investigation of soldier’s allegations of racial discrimination in Afghanistan

Both Rep. Steve Pearce (R-NM) and the American Civil Liberties Union agree: There needs to be an investigation into Spc.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com