The Very Latest

  • #my2k: Families

    By Lauren on Economy and jobs

    If Congress fails to act, taxes will go up for working Americans. What would paying $2,000 more in taxes mean to families across the country? Here are just a few responses:

    "My wife and I have twin boys. We are thrilled to be adding a new baby to our family in April! However, I'm a teacher and she is a professional musician. We love what we do, but with our current salaries, we couldn't possibly afford the costs that will come with the birth if we lost $2,000. My income went down slightly because my district dropped dental insurance, so we now pay it on our own. We love what we do, love helping educate kids and provide for the community but as you can see, couldn't withstand a $2,000 tax hike; not with a baby on the way."
    —Kevin, Texas

    "It could mean Christmas presents for my three kids and my extended family. Or it could mean a year of after school activities—dance lessons and piano lessons and art lessons. Or it could mean paying for our life insurance policies, which make sure that our kids are taken care of if anything happens to us. It's a lot."
    —Abigail, New York

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  • #my2k: Students

    By Lauren on Economy and jobs

    Students and their families share why Congress needs to act now to keep taxes low for middle-class Americans:

    "I am a former foster youth who emancipated from foster care two years ago. Now, I am a college student at San Francisco State University and working while I am in college. What does $2,000 mean to me? I could use it to pay for my tuition, books, and college expenses while I don't have any family to pay for my education. It could be an investment for me in the future. It could help me get a degree and earn a college education. This can help my future endeavor to have a better job and pay more taxes to create more jobs for Americans to sustain our economy and growth."
    —Colin, California

    "It means paying down my student loans and the small amount of debt from being a student health care worker."
    —David, Missouri

    What does $2,000 mean to you?

  • Middle class taxes: “Every dollar is important”

    By Lauren on Economy and jobs

    Supporters across the country are joining President Obama in urging Congress to keep taxes low for middle-class families. Here's what $2,000 a year would mean to just a few of the folks who have shared their stories.

    "I delivered my first child in September and I am a full-time college student. Diapers, formula, books, tuition, and contributing toward my family's future potential is what $2,000 will help accomplish!"
    —Farrah, Alabama

    "I'm working on getting a Masters degree so I can compete in this job market. Increasing my tax burden would make it a lot tougher to purchase my own health insurance when I turn 26 (this June), work on repaying my various debts, and save money for my distant wedding. I don't mind paying my fair share to get our country back on its feet, it's just difficult to do when we're still not on our own feet."
    —K, Maryland

    "As someone with several medical conditions requiring prescription drugs, I spend nearly $150 a month on copays alone. Each month, I struggle to meet these expenses; raising my taxes would make this even more difficult."
    —S, Minnesota

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  • Help President Obama right now: Share your story

    By Stephanie Cutter, Deputy Campaign Manager on

    I hope you had a lovely holiday and all is well. I'm writing with a quick update on the "fiscal cliff" and how you can get involved.

    Right now, President Obama is asking you to think about what $2,000 a year means to you and your family—because Congress needs to hear it.

    The Senate has passed a bill that stops taxes from going up for 98% of American families, and asks those who can afford it to pay a little more. If the House follows suit, President Obama is ready to sign it as soon as it hits his desk.

    If they fail to do so, a typical middle-class family of four will see their taxes go up by $2,000 in just a few short weeks.

    President Obama is asking Congress to do the right thing and act before the New Year, but he needs our help. We've got a good track record here: When we make our voices heard and urge Congress to take action—whether it's about health care, student loans, Wall Street reform, or "Don't Ask, Don't Tell"—they listen.

    Take a moment to share your story: What does $2,000 a year mean to you and your family?

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