|
You
have an important opportunity today to tell Congress to set the
right priorities for economic recovery. Make sure America's
struggling working families and children are a top priority by
encouraging Congress to:
- Continue
federal emergency unemployment benefits; and
- Extend
only those tax cuts targeted towards lower- and middle-income
families.
Call
Congress today at 1-866-606-1189 and tell your representatives
to:
1. Support struggling families by continuing federal
unemployment benefits.
Until the economy recovers and workers can find jobs, families need
unemployment benefits to help them pay the mortgage or rent,
heating bills and other day-to-day expenses. Allowing the emergency
benefits to lapse now would increase hardship. The National
Employment Law project estimates that upon the expiration of the
unemployment insurance extension Nov. 30, about 250 Colorado
workers each day will exhaust their regular state benefits. Those
people need access to benefits to support their families and get
back on their feet.
2. Extend tax cuts targeted at lower- and middle-income
families and let the tax cuts for the wealthiest Americans expire
this year as scheduled.
In
today's weak economy, tax credits have a big effect not only for
struggling working families but also for businesses in our
state. In Colorado, 197,170 children would lose some or all of
their Child Tax Credit and 94,465 families with some 208,093
children would lose some or all of their earned income tax
credit benefits if improvements made in 2009 are allowed to
expire. Households use the credits to pay the mortgage or rent, to
buy groceries, to pay utility bills and to provide other day-to-day
necessities, and that spending boosts the economy.
Extending
improvements to the Child Tax Credit and the Earned Income Tax
Credit is important for a couple of reasons. According to the
Congressional Budget Office, policies that increase the resources
of families with lower incomes have a larger short-term economic
effect than policies that increase resources for families with
significantly higher incomes. Further, taking the tax credits away
now, when unemployment is high and millions of families are
struggling, will create further drag on the economy.
Call
Congress now at 1-866-606-1189 and follow the directions to reach
your representatives.
|