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Press Release - No More Bush Tax Cuts for the Wealthy

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No More Bush Tax Cuts for the Wealthy
Thursday, May 11, 2006

Yesterday, the U.S. Senate passed an extension of the Bush Administration's tax cuts that will ultimately cost the country an additional $70 billion - at a time when our national budget is awash with red ink and when we have extraordinary commitments at home and abroad. Sarbanes issued the following statement:

I challenge the President to reject Congresses' tax proposal as fiscally irresponsible and a shameful give-away to the most well off in our nation. The majority of these tax cuts will benefit only the wealthiest of Americans, at the expense of the rest of the country, and of future generations. If we want to change America for the better, we need to elect fiscally responsible, progressive leaders with vision of fairness and opportunity for all Americans, not just a favored few.

Due to increased energy prices and unjust tax burdens, hard working Americans are in dire straits and it is fundamentally unfair that Republicans have asked them to subsidize tax cuts for wealthy corporations. Students are paying for these tax breaks through increased tuitions and decreased financial aid. The neediest Americans are paying for these tax cuts through bigger Medicaid co-payments and restrictions on Medicaid eligibility. And our children will be paying for decades to come as they attempt to pay down the shameful deficits run up by this Administration.

With your help I hope to bring a strong voice to Congress to see that we finally call a halt to Republican mismanagement of the federal budget and government priorities. I hope you will consider joining my campaign to retake Congress by volunteering, spreading the word, making a donation, or doing whatever you can to assist our campaign. Your support, no matter the level, is invaluable to us. If you are interested in volunteering or donating please sign up through the campaign web site or call our office at 410-235-1662.

As always, thanks to all of you for your support and encouragement, and I look forward to seeing you on the campaign trail.


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