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Ways and Means Committee Democrats

Ways and Means Committee Democrats
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  4. Ways and Means Committee Democrats shared Center on Budget and Policy Priorities's photo.
    August 27
    “There could be no clearer evidence that Republicans want to double down on the Bush tax cuts for the very wealthy at a cost to the middle class,” said Ways and Means Committee Ranking Member Sander Levin.
    “CBO: Ending High-Income Tax Cuts Would Save Almost $1 Trillion

    The Congressional Budget Office’s (CBO) new report shows that allowing President Bush’s 2001 and 2003 income tax cuts on income over $250,000 to expire on schedule at the end ...
    of 2012 would save $823 billion in revenue and $127 billion on interest on the nation’s debt, compared to permanently extending all of the Bush tax cuts. Overall, this would mean $950 billion in ten-year deficit reduction, a significant step in the direction of fiscal stability." http://bit.ly/PCalhn
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    Photo: “CBO: Ending High-Income Tax Cuts Would Save Almost $1 Trillion The Congressional Budget Office’s (CBO) new report shows that allowing President Bush’s 2001 and 2003 income tax cuts on income over $250,000 to expire on schedule at the end of 2012 would save $823 billion in revenue and $127 billion on interest on the nation’s debt, compared to permanently extending all of the Bush tax cuts. Overall, this would mean $950 billion in ten-year deficit reduction, a significant step in the direction of fiscal stability." http://bit.ly/PCalhn
    1 · Comment ·
  6. Ways and Means Committee Democrats shared a link.
    August 14
    For more than 70 years, Social Security has provided vital retirement security for seniors. Americans have paid more than $13 trillion into the Social Security Trust Fund since its inception, and that’s not counting the interest that has accrued. Less than $12 trillion in benefits have been paid out. In short, Social Security has not contributed a cent to the federal deficit and will remain solvent for decades to come.
    Inside Paul Ryan’s Plan To Privatize Social Security
    tpmdc.talkingpointsmemo.com
    One of Rep. Paul Ryan’s many past proposals to remake the federal safety net included a sweeping plan to privatize Social Security and risk the program’s solvency in attempting to save it.
    1 · Comment ·

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