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President Obama’s Tax Compromise Caters to Corporations, Not Americans

Last week, President Obama released a new tax reform plan that was hailed a “grand bargain”. The proposal includes a job creation plan and steps to close tax loopholes that ship jobs and profits offshore. This proposal would lead to some job creation, road and bridge repair, and worker training programs. While we applaud the President for refocusing Americans and policy makers on the budget debate in Washington, we are nevertheless very disappointed.

In some respects President Obama’s new tax plan is a step in the right direction, but ultimately, it would be a disaster for lower- and middle-income Americans. The President’s proposal would cut corporate taxes from 35% to 28%, with an additional preferential rate for manufacturers of 25%. That doesn’t help ordinary Americans; it only helps the very corporations that are already paying far less than (or none of) their fair share.  Learn more about how President Obama’s compromise caters to corporations, not Americans.  Read ADA’s full statement here

Expanded and Improved Medicare for All Act

Last week marked the 48th Anniversary of one of the most successful and important government programs in America’s history: Medicare.  

Today we must continue to expand and strengthen Medicare for all people.  That's why ADA supports HR 676 -- the Expanded and Improved Medicare for All Act.  HR 676 would create a publicly-financed, privately-delivered health care system that uses the existing Medicare program by expanding it to cover all Americans and improving its benefits.  We extend a special thank you to all our members who participated in last week's nationwide call-in day to increase awareness in Congress of HR 676.

If you missed the national call-in day but still want to make a difference, donate to ADA today to help towards our program efforts.  To learn more about HR 676, check out the latest by Alex Clearfield, "Two Versions of Reality:  Why the Social Safety Net Is Important".

Noteworthy:

  • ADA Indiana wants ExxonMobile to pay its fair share, just as working families do.  Last week, local ADA activists took to the streets to protest against ExxonMobile's unAmerican tax dodging.  Check out the video highlights here
  • The state of Montana has taken innovative steps to reform health care in an incremental, yet fundamental way. Montana’s innovations could be a template for further reforms that could eventually go far beyond the improvements in the Affordable Care Act (a.k.a. Obamacare).  Learn more from Bob Lucore’s latest blog, "Montana’s Health Care Experiment”.


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