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Dear Senator Reid,
I have read your statements on moral values and the budget and I completely agree. Republicans make nice statements on moral values but when it comes to action, they are all about tax cuts for their wealthy friends and donors. I challenge you to ask America why we would want a tax code that punishes work. Money received from capital gains and stock dividends are just as much income as my paycheck I receive from my employer. Why are republicans now deciding what the “right way” to make money is? I guess I’m a bad person for going to my job and working. Shame on me. Now I have to pay a tax. The good Christian people of the world sit back and collect dividends and stock gains. They encourage the company president to outsource to Indian sweatshops to push the stock higher. Since they made money “the right way” they don’t have to pay taxes. It’s unconscionable that I, someone struggling to pay rent, should pay a higher percentage in taxes than Warren Buffet because I made my money in a different way.
I’m not anti-investment or anti-savings. The idea that people won’t invest because they will have to pay taxes is completely absurd. People will always invest if they think the investment will gain in value as long as it’s not 100% taxable! If republicans really wanted to encourage savings and investment, we could make the first 100 of savings, CDs etc and the first $100 of capital gains and dividends tax free. That would encourage savings by everyone, but that’s not their goal at all. Their goal is to save their wealthy friends and donors millions in taxes and make the middle class and future generations foot the bill.
I leave you with one final thought: I have read that anywhere from 10-20% of our budget goes to funding the national debt. If we could pay that off, then that 10-20% could go directly to tax cuts, or research funding, or healthcare reform or shoring up social security or a senseless war or whatever we want. Thank you for reading this and thank you for standing up for ordinary Americans. I hope I have given you some good ideas, talking points, or just some encouragement. If they want class warfare, we will win. There are more of us working stiffs than there are millionaires.
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