Thursday, August 2, 2012

Christian Leaders Blast GOP Tax Bill

Originally posted 8/2/12 at the Huffington Post

A coalition of liberal Christian leaders blasted a GOP budget plan that would extend Bush-era tax cuts for the wealthy while slashing key provisions for the poor.

The bill, which is being used by both parties as part of election-year jockeying, would slash the Earned Income Tax Credit, which supplements wages of low-income workers, and the Child Tax Credit, which provides up to $1,000 financial support per child for poor working families.

At the same time, the bill would extend Bush-era tax cuts for the highest income earners: individuals earning over $200,000 a year and families earning over $250,000.

The tax cuts, which were renewed two years ago on a temporary basis, are set to expire at year's end.

In a letter delivered to Capitol Hill on Wednesday (Aug. 1), 60 faith leaders urged Congress "to put families and workers before ideological agendas that favor the powerful."

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