Obama Folds Again!

While campaigning, Obama ridiculed the idea that "we should give more and more to millionaires and billionaires and hope that it trickles down on everybody else." But despite his campaign promise and the fact that most Americans oppose more tax cuts for the very rich, the President has reversed himself and once again caved in to the Republicans. Under a tentative plan, over the next two years, the richest 2% would get large tax breaks they do not need and which are inefficient at stimulating the economy. Further this "bipartisan" plan would irresponsibly add hundreds of billions of dollars to the deficit (as Colbert said "bipartisan" now means the Republicans present a partisan plan and Obama buys it).


We are grateful to Congressman Hinchey (NYCD 22) who has signed on to the Peter Welch letter opposing more bailouts for the rich in the House. There are also signs of a rebellion in the Senate. Bernie Sanders has vowed to do all he can to end more bailouts for millionaires and billionaires. He has not ruled out a filibuster. Go Bernie go!


Call your Senators 202 224-3121 and the White House 202 456-1414 and say you expect them to stand up for hard working American families instead of the richest of the rich. No extra tax cuts for those making over $250,000 a year. The survival of the middle class in America depends on it!