Opinion
Shouldnít sacrifice working poor
To the editor:
As I was listening to MPR discuss Congressional efforts to restore the tax break to the working poor that the conference committee deleted to keep the budget impact within $350 billion, I think this is a great opportunity for our Senators and Congressmembers to define who they are. I encourage our representatives to support the tax break for the working poor while at the same time staying within the $350 Billion limit. I know that the only way that this can be done is by increasing some tax. I therefore encourage them to adjust the tax on dividends and capital gains to keep this new bill revenue neutral. In doing so I encourage them to make the point ìWhy should we sacrifice the working poor to give a tax break for the non-working rich.î
It has always bothered me that our country taxes income from work more than capital gains and now dividends. Republicans have been ranting and raving about such things as the death tax and the marriage penalty tax. If the rate at which our country taxes dividend income and capital gain income is an appropriate rate of tax for income, Democrats must begin shouting about eliminating the workerís penalty tax. A bill to adjust the tax on dividends and capital gains in order to pay for the tax break for the working poor is just the vehicle for focusing the nationís attention on our policy of penalizing workersí income to give tax breaks for non-working income.
Dan DeWan
North Branch
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