The Great Debate of 2011-2012: Tax Cuts for Millionaires or Jobs for America?

Dec 17, 2010, 00:25 ET from USAction

WASHINGTON, Dec. 17, 2010 /PRNewswire-USNewswire/ -- Congress' vote today sets the stage for a two-year debate over the most important priorities America faces: tax cuts for millionaires or action steps to help lower- and middle-income families regain their footing, USAction said today.

"On the one hand, middle- and low-income families won policies that will continue the federal unemployment insurance program through 2011, extend tax credits and create jobs," said Alan Charney, USAction director of strategy and policy. "On the other hand, Republicans and the millionaires who support them won another two years of massive tax cuts that will widen the income disparity gap in the U.S."

Charney added: "Everyone got a little something out of this bill. It's just that the millionaires got a lot more than the rest of us."

Earlier this month, USAction, partners and state affiliates gathered tens of thousands of petition signatures in support of maintaining the federal unemployment insurance program and opposing additional, massive tax cuts for the wealthiest 2 percent of Americans.

"We know going forward that this will be the focus of our work during the next two years," Charney said. "The American people ultimately will decide which is more important: tax cuts for the rich or jobs for America and help for the 14 million Americans who are jobless."