Restore Tax Rates on the Highest Incomes

We call on Congress and President Obama to let the Bush-era top bracket tax cuts for those with taxable incomes over $200,000 (individual) and $250,000 (couple) expire no later than December 31, 2012, as now scheduled, without another extension. The increased revenue, nearly $1 trillion over ten years, should go toward making long overdue investments in job creation, education, health, renewable energy, transportation, and other infrastructure.

 

Latest Developments:

As part of the “fiscal cliff” negotiations late last year, most of the Bush-era top-bracket tax cuts were extended. The tax cuts did expire for individuals making more than $400,000, and families with earnings of $450,000 or more. All in all, the fiscal cliff deal is projected to bring in $617 billion in revenue over the next decade. Most of that amount will come from households making $1 million or more.

This is a small step in the right direction; however, it will yield considerably less revenue than would have been gained by raising rates on those making $250,000 or more. In addition, the deal also makes 82 percent of the Bush-era tax cuts - about $2.77 trillion - permanent.

For more information, or to get involved in the working group that manages this campaign, please contact us.

 

Business Members

Stand With Us

Join us in working towards a sustainable economy that meets the challenges of the 21st century, based on strategic investments in work force and infrastructure; standards and safeguards that promote innovation and protect the public; and sustainable economic growth that fosters a growing, secure middle class.

Organizational Members

Our Partners

American Sustainable Business Council is a national partnership of 78+ business associations representing over 200,000 businesses and 325,000 entrepreneurs, managers, investors, and others. These partners support sustainable development, socially responsible business practices, and strong local Main Street economies.