Thursday, December 6, 2012

Wealthy LGBT Americans To Congress: Work With Obama and Let Tax Cuts For Rich Expire

A group of wealthy LGBT Americans have penned a letter to Congressional lawmakers urging them to maintain tax cuts for the middle class while making up the difference by taxing the rich.

This is what they had to say...

"For LGBT Americans, this “fiscal cliff” isn’t just an abstract concept. A report released by the Center for American Progress, the National Gay & Lesbian Task Force, and a coalition of 23 national LGBT organizations outlines the real and lasting impact it would have.

Across-the-board cuts would compromise LGBT health by reducing programmatic funding used to address the health care needs of gay and transgender Americans, impair the federal government’s ability to investigate claims of workplace discrimination, and remove critical resources from government agencies working to prevent bullying and school violence.

At the same time, higher tax rates would further endanger middle class and working class members of our community. LGBT Americans have lower levels of income than other Americans, according to a recent Gallup report, and face additional economic obstacles caused by the so-called Defense of Marriage Act and the lack of federal workplace protections.

"We urge Congress to work with President Obama to avoid the fiscal cliff with a balanced approach, and to preserve the middle class tax cuts while allowing tax cuts for the best off to expire. It’s the right thing to do."
Full story here via Towleroad!

3 comments:

OSR said...

We can tax the rich all day long but we are not going to solve the debt crisis without spending cuts .

Anonymous said...

OSR, you are 100% right.

Peter said...

Amen! OSR you're right on! Simply taxing the top 2% who are already paying 40% of federal revenue is NOT going to do a damn thing!!!!!! Obama's dogged perseverence on this is strictly political and divisive.

We need significant spending cuts, tax loopholes eliminated, and deductions limited, and we need more tax revenue from ALL of us even if the Bush tax cuts from 2001 are maintained.