November 8th, 2007

Bush dollar

subsidizing the rich with your taxes

If the richest tycoons on Wall Street get their way, you'll face a significant tax hike this year so they can buy another tropical island. Sound fair?

Here's the deal: A provision called the "alternative minimum tax" is going to end up raising taxes for tens of millions of middle-class households — maybe even yours — unless Congress acts quickly.

Democrats want to cancel this tax increase for the middle class and pay for the shortfall by closing a massive new loophole that's allowing the richest investors on Wall Street to pay lower tax rates than you or I do.

I signed a petition urging Congress to close this tax loophole. Can you add your name to the petition?