Faith and Community Support for the Buffet Rule
As the Senate votes prepares to vote on the “Paying a Fair Share Act of 2012″ (also known as the Buffet Rule) insuring that America’s highest earners don’t pay a lower tax rate than working class Americans, support for the proposal continues to grow.
Last week, over 100 leading community and advocacy organizations sent a letter to legislation author Sen. Sheldon Whitehouse (D-RI) in support or the bill:
We believe that a basic premise of the promise of America – no matter what your political party – is that everyone should contribute their fair share. The richest Americans have benefitted from enormous increases in wealth in recent decades, while everyone else has struggled to make ends meet. S. 2230 represents a modest but important step for addressing rising inequality.
There is no reason that Washington should subsidize millionaires and billionaires. Continuing the array of tax loopholes that the Buffett Rule seeks to address adds to the deficit and requires middle-class Americans to make up the difference – either through higher taxes or through reductions in funding for Medicare and Medicaid, public
Faith in Public Life signed the letter as well as the following faith groups: Catholics United; Heaven in View Outreach Ministries; IIRON; National Council of Jewish Women; NETWORK; PICO National Network; St. Vincent de Paul Society; United Church of Christ, Justice and Witness Ministries; Xaverian Brothers; Michigan Unitarian Universalist Social Justice Network; Sisters of St. Joseph; and Sisters of St. Francis.