GRO - Grass Roots Organizing, state partner of Americans for Tax Fairness, caught up with Senator Roy Blunt late yesterday afternoon on his way to speak about the potential impact of sequestration at the International Institute of Nano and Molecular Medicine. GRO urged the Senator to protect Head Start pre-school, public safety, mental health services and job training by closing corporate tax loopholes and limiting tax breaks for the rich.
The group’s impromptu greeting for the Senator is linked to the Feb 20th national day of action in 18 states urging Congress to avert $85 billion in arbitrary, across-the-board cuts in everything from mental health services to public safety scheduled to take effect March 1st. GRO called on Senator Blunt to eliminate tax loopholes for the richest 2 percent and make big corporations pay in order to stop the cuts.
“It’s crazy for Congress to let big corporations use huge tax loopholes to avoid paying their fair share of taxes, while middle-class and vulnerable Americans pay the price. The cuts will be devastating, from thousands of teachers being laid off to delayed Social Security checks and hits to mental health and job training programs for our troops coming home from war. Instead of more cuts that hurt average Missourians and create greater burdens for our state, Congress should close tax loopholes for the rich and corporations, so we can protect these critical investments and services for working families,” said Robin Acree, Executive Director of GRO - Grass Roots Organizing.
Unless Congress acts to avert it by March 1st, $85 billion in arbitrary, automatic federal cuts—called a sequester—will result in the loss of 750,000 jobs nationwide, according to the Congressional Budget Office, and threaten the economic security of many middle class and vulnerable Americans. Meanwhile, the CBO projects sequestration would cut economic growth in 2013 by half. For a complete list of immediate cuts visit: http://1.usa.gov/14YOFmd.
- Arbitrary cuts can easily be averted if the super wealthy and big corporations are asked to pay their fair share. About half the cuts alone can be prevented if Congress were to enact the “Buffett Rule,” which would require that people who make at least $2 million a year pay a 30% minimum tax – just slightly above the tax bracket of millions of middle-class Americans. This would raise $54 billion or nearly two-thirds of the scheduled across-the-board cuts on March 1.