| WASHINGTON,
D.C. – U.S. Representative Jan Schakowsky (D-IL) today joined her colleagues
to sustain a presidential veto that would ensure the continuing economic
health of our economy and the strength of Social Security and Medicare.
Schakowsky voted against H.R. 8, a bill that would have greatly benefited
the wealthiest 2% of Americans, while costing $50 billion a year once fully
phased in. In Illinois, less than 2500 families will benefit from the full
repeal of the estate tax.
Earlier
this year, Schakowsky supported a fiscally responsible Democratic alternative
that would have provided immediate relief to family farms and small business
owners. The Democratic alternative would have allowed a married couple
to pass on the family farm or small business intact, with no estate tax,
if it is worth up to $4 million.
“It
is no surprise that on our first full day back from summer recess, Republicans
decide to bring to the floor a bill that would benefit the wealthiest Americans
instead of taking up bills to help our seniors, children, and hard working
families,” Schakowsky said.
“No
matter how you look at it, this is a budget busting bill that provides
no real relief to small businesses and farms. Republicans in Congress
are willing to risk our children’s educational future, prescription drug
coverage for seniors, and the health of Social Security, in order to give
a gift worth billions of dollars to the CEOs of large corporations,” Schakowsky
added. |
