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Vote YES on Motions by Senators DeMint and Coburn to Permanently Extend All Current Tax Rates
December 14, 2010
NTU urges all Senators to vote “YES” on motions introduced by Senators Jim DeMint and Tom Coburn to permanently extend all current tax rates, repeal the death tax, and fully offset the proposed extension of Unemployment Insurance (UI) benefits with spending reductions elsewhere.
Senator DeMint’s amendment would make permanent the current individual income tax relief provisions, the AMT patch, and repeal of the death tax. A two-year extension is a preferable alternative to the disaster of inaction or continuation of only some rates, but guaranteeing taxpayer relief without an expiration date improves the chances for long-term economic prosperity and avoids otherwise inevitable political bickering in 2012. Furthermore, we support full, permanent repeal of the death tax – a levy that punishes thrift, savings, and hard work. In times like these, we cannot afford to crush the talent and dreams of those who aspire to make America a better place.
Senator Coburn’s amendment would offset increased spending on UI benefits by cutting $156 billion from wasteful programs in the federal budget. While we sympathize with families struggling to make ends meet, we do not believe that a near-permanent assistance program will help those seeking financially stable footing for the long term. If Congress insists on providing these benefits, the Coburn amendment allows them an opportunity to do so without adding to the unsustainable spending that threatens America’s fiscal future.
NTU urges the Senate to support a fair and permanent extension of current tax rates without adding to the load of overburdened taxpayers. As such, all roll call votes relating to the DeMint and Coburn motions will be significantly weighted in our annual Rating of Congress.
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