|
(click on ads for more
details)
|
|
--Taxpayers Win as Congress Passes Tax Cut Bill
Without "Triggers" Scheme--
(Alexandria, VA) -- After weeks of dueling over details, the House and
Senate passed a tax relief package without the irresponsible "Trigger
Resolution" thanks in large part to an anti-trigger effort led by the
335,000-member National Taxpayers Union (NTU).
"The tax-cut trigger was just a gimmick intended to stop legitimate
tax relief," pointed out NTU Director of Congressional Relations Eric
Schlecht.
"It is naive to think that Congress would exercise self-restraint
when it comes to spending the budget surplus currently accumulating in
Washington."
Under the proposed "trigger" scheme, taxes would be lowered only
if Congress
did not spend the surplus, a highly unlikely scenario. Congress has
already
spent a whopping $83 billion above and beyond the "budget caps"
it created
in 1997. And since 1998, when a strong economy finally eliminated federal
deficits, there has been a 16% increase in total discretionary spending,
and
a 20% increase in non-defense discretionary spending.
NTU's entire press statement is available online at
http://www.ntu.org/issues/taxes/cuts/P010
5Triggers.html
Information on Tax Cuts is available at NTU's Tax Cut Home Page
http://www.ntu.org/taxcutinfo.htm
*******Taxpayers Conference '01**********
It's almost here. Will you be there? Visit
http://www.ntu.org and click on the
image
of St. Louis to register. It's only $150!
*******************************************
--Innocent Spouse Regulations--
Today, NTU Senior Counselor David Keating provided comments on the IRS's
proposed regulations dealing with relief from joint and several liability.
The comments are available at
http://www.ntu.org/irsref/L0105Innocen
tSpouse.html
=======================
National Taxpayers Union is America's oldest and largest taxpayers' rights
group. NTU has worked for lower taxes, less wasteful spending, and
accountable government at all levels for 31 years. Visit http://www.ntu.org.
You can support NTU by becoming a member at
https://secure.lexi.net/ntu/donations.html.
To unsubscribe, send a message to ntu@ntu.org
with "unsubscribe" in the
subject line.
|
