Wednesday, April 24, 2013

Cheri Bustos Votes to Support Millionaires, Billionaires and Big Oil

I just read the Congressional Progressive Caucus "Back to Work" budget. You can read that here: CPC Budget

On the campaign trail we heard Cheri Bustos say the following would be her principles in Congress:

1. Ensure that millionaires and billionaires pay more of their fair share of taxes.
2. End tax breaks and incentives for big oil companies and companies that ship jobs overseas.
3. Protect Social Security and Medicare.
4. Cut down on waste, fraud and abuse.

If those were her principles, then why did she vote AGAINST the Congressional Progressive Caucus budget? According to their website, their budget would do the following:

1. Enact a Fair Individual Tax:

• Immediately allows Bush tax cuts to expire for families earning over $250K

• Higher tax rates for millionaires and billionaires (from 45% to 49%)

• Taxes income from investments the same as income from wages

2. Enact a Fair Corporate Tax:

Ends corporate tax bias toward moving jobs and profits overseas 

• Enacts a financial transactions tax

• Reduces deductions for corporate jets, meals, and entertainment 

3. Protect Health Care:

• No benefit cuts to Medicare, Medicaid, or Social Security 

• Reduces health care costs by adopting a public option, negotiating drug prices, and reducing waste and fraud

By voting against this budget, it's safe to say that Cheri Bustos isn't really against low taxes for millionaires and billionaires. It's safe to say that she's okay with tax breaks for big oil companies. She's also open to cutting social security and medicare. She doesn't prioritize cutting government waste. She clearly doesn't think that tax breaks for companies that outsource are that big of a deal either, otherwise she would have voted for this bill.

Cheri should explain why she didn't support this bill. Exactly what was in it that she disagreed with?

At the bare minimum, the local media in her district should be asking these questions.

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