Women Can't Afford More Tax Cuts for the Rich
Women have a part icular stake in ensuring that those with the greatest ability to pay contribute their fair share of taxes. They earn less than men, assume greater responsibility for taking care of their families, and are more likely to be poor. As a result, women disproportionately rely on programs funded by federal tax revenues to obtain quality child care, access higher education, protect their health, meet their families’ basic needs, and achieve a secure retirement. Continuing unfair and costly tax preferences for the very wealthy and corporations means that women and their families are likely to bear the brunt of deficit reduction. Republican leaders in Congress want to extend the Bush era tax cuts for the very richest Americans – while ending improvements in tax credits for over one in three families with children and three in four low-income families with children.Extending the Bush-era tax cuts for the richest two percent would give an average tax cut of $160,000 in 2013 to households with incomes over $1 million, revenue that could support critical services such as Head Start, child careassistance, Pell grants, home-delivered meals for seniors,and Title X family planning services.
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