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An Open Letter to the House of Representatives: Taxpayers Demand the Economic Recovery and Middle-Class Tax Relief Act
January 14, 2009
Dear Member of Congress:
On behalf of the 362,000 members of the National Taxpayers Union, I write to strongly endorse the Economic Recovery and Middle-Class Tax Relief Act.
While some in Congress are considering spending upwards of $1 trillion on government programs and projects, our members know this would be a grievous mistake. Shifting money from individuals to government programs (many with questionable performance records) will not "stimulate" sustainable economic growth. Government spending doesn't create wealth; it either redistributes or destroys it.
The best way to jump-start the economy is through immediate tax relief for American families and businesses. Reducing the tax burden now on individuals and institutions will ensure long-term economic prosperity later. Among the pro-growth, pro-simplification, and pro-taxpayer policy changes included in the Economic Recovery and Middle-Class Tax Relief Act:
For Individuals and Families:
For Businesses and Entrepreneurs:
Unlike other approaches, the Economic Recovery and Middle-Class Tax Relief Act contains no new spending and would apply a sensible across-the-board reduction of one percent to all FY 2009 discretionary spending (excluding defense, military construction, and veterans affairs).
Roll call votes on the Economic Recovery and Middle-Class Tax Relief Act, along with votes on costly spending bills, will be heavily weighted in National Taxpayers Union's annual Rating of Congress.