WASHINGTON,
D.C. – U.S. Representative Jan Schakowsky tonight said that she opposes
President Bush’s tax cut geared to the rich and his call to privatize Social
Security.
“I
will not support a tax break for the rich until we make Social Security
secure, give drug coverage to our seniors, and prepare our crumbling schools.
The proposed tax cut risks our entire economy by betting the farm on crystal
ball projections,” Schakowsky said in response to President Bush’s address
to a joint session of Congress.
Schakowsky
added, “Social Security privatization takes the security out of Social
Security and threatens the well-being of millions.”
Under
the Bush $1.6 trillion tax proposal, the top 1% of taxpayers will receive
43% of the benefits, or $774 billion over ten years. That is more
than it would cost to give the 39 million seniors on Medicare a high quality
prescription drug plan. |