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Pitts Proposes "Savings
for Working Families Act"...
At the beginning of
January, Congressman Joseph Pitts introduced legislation that would
aid low-income families
to afford college tuition, home mortgages and
start new businesses. He said in a news release, "The working poor in
America have a hard time making ends meet. Saving for college, a
mortgage down payment, or entrepreneurship is even harder. My Savings
for Working Families Act would provide tax incentives to financial
institutions to match savings of up $500 a year so America’s working
poor can plan to buy a first home, pay for college, or start (or
expand) a small business.”
comment
on this news item by
Tom Harner
How wonderful of Joe Pitts
for careful thought to provide tax incentives for financial
institutions to donate up to $500 a year to working families - that is
almost the cost of a new clutch in an old car- which soon working
families will not be able to afford to drive. It is heartening for Joe
to include the very same financial institutions which have pillaged
and plundered the working poor for so long, in his vision of yet
another tax cut to the very same institutions which contribute to the
war chests of politicians who enact legislation against a raise in the
minimum wage, and against a single payer health system, which
incidentally, will cover the rich as well as the poor.
Upon enacting this
legislation, I hope Joe will be sure to include exclusions. This money
may not be used to pay off sub-prime mortgages , credit card debt, or
any other predatory expletives passed into legislation by the likes of
Joe Pitts. One should not throw a scrap of bread to the poor, while
dining in fine fashion with the very people who have legislated
against them for years. One would hope that the word "insult" might
still be a factor in political planning, or do the institutional
tax-breaks take all the valence away from such a strong word?
comment
on this news item
by Don LeVasseur
Way to go Joe. Tell me how
$1000 could do any of the above. What world do you live in? Did you
know that Americans have a negative savings rate for the first time
since the great Depression?
It is time for you to face
your constituents...in person.
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