CHICAGO,
IL – U.S. Representative Jan Schakowsky (D-IL) today joined The Illinois
Fair Taxes for All Coalition to warn that President Bush’s latest tax cuts
for the rich and budget proposals would raise Illinois’ already growing
budget deficit. During a news conference, the Coalition released
a report which found that the proposed White House tax and budget plans
would cost Illinois $2 billion.
Schakowsky
called on Speaker Dennis Hastert and Senator Peter Fitzgerald (R-IL) to
oppose President Bush’s economic proposals and to instead work with Democrats
to helps working families, create jobs, and provide critical aid to the
states. The Coalition includes consumer organizations, labor unions, and
advocacy groups.
Below
is Schakowsky’s statement:
When
it comes to the economy, the Bush Administration is a one trick pony –
tax cuts for the rich, mostly for the richest of the rich.
Budget
surpluses? Tax cuts for the rich. Economic downtown?
Tax cuts for the rich. Terrorist attack? Tax cuts for the rich.
War? Tax cuts for the rich.
At
the same time that most Americans are being asked to sacrifice, the richest
are heaped with billions, even trillions of dollars in tax cuts.
While every expenditure that helps American families is on the chopping
block, only the tax cuts remain untouchable.
Our
elderly are asked to sacrifice a long promised Medicare prescription drug
benefit. Money earmarked for Social Security, Medicare and Medicaid
are paying for tax cuts for the rich.
Our
children are giving up their after school programs, training for their
teachers, funding for special education. Why are hundreds of thousands
of children being left behind? Tax cuts for the rich.
Our
jobless saw an inadequate and delayed extension of unemployment benefits
and a cut in employment and training programs. While they and their
families face financial disaster, the richest Americans are slated for
another $90,000 per year in tax cuts.
Even
as the terrorist threats heated up to orange, promised funds for homeland
security were cut. The President blocked $2.5 billion for local first
responders – firefighters, police, emergency medical personnel – sent Coast
Guard cutters from the Great Lakes to the Gulf, and has too little money
to inspect containers at our ports and protect chemical plants. And
still more tax cuts for the rich.
And
what about Illinois? President Bush told governors last week not
to expect any help to cover skyrocketing Medicaid and other costs.
He said the federal government has a “budget deficit of its own…”
This excuse comes from a President who was handed a $5.6 Trillion surplus
when he took office and turned it into a $2 trillion deficit, all in two
years. President Bush’s budget is full of unfunded state mandates
and lacking in promised support. The Bush budget will cost Illinois
$2 billion in lost revenue.
I
congratulate the Illinois Fair Taxes for All Coalition for calling on every
member of the Illinois delegation, including Speaker of the House Dennis
Hastert and Senator Peter Fitzgerald, to say NO to more tax cuts for the
rich and NO to the Bush budget. |