Navigation Bar

Home -> UE News -> 2001 Archives -> Article

Progressive Caucus
Calls for Real Tax Relief


President Bush’s plan to hand over the budget surplus to the super-rich is not the only tax-cut plan in town.

The Congressional Progressive Caucus on Feb. 8 unveiled a major, across-the-board tax package aimed at providing substantial and equal tax relief to all Americans. Entitled the "American People’s Dividend," the plan would provide substantially more tax relief to 80 percent of the population than the Bush plan.

The American People’s Dividend would yield $300 annually to every man, woman and child in the United States as long as a budget surplus exists, at $900 billion over 10 years.

The Bush plan, in contrast, provides 50 percent of the benefits to the wealthiest 5 percent of the population, at an astonishing $1.6 trillion.


"Unlike President Bush’s tax proposal, which gives most of the tax benefits to the very few, the Progressive Caucus is proposing the American People’s Dividend that gives every person equal tax relief," explains U.S. Rep. Dennis Kucinich (D., Ohio), chairman of the Progressive Caucus.

U.S. Rep. Bernie Sanders, a principal architect of the progressive alternative, noted that unlike the Bush plan, the American People’s Dividend would provide tax relief even to those who might not pay substantial income tax.

"While the Bush proposal essentially leaves out seniors and low-income workers, this plan helps everyone," declared Sanders. "Our premise is based on the fact that Americans rich and poor helped build this surplus, and therefore everyone should get an equal part of the surplus — not just the wealthy. This plan is simple, across-the-board, and fiscally prudent."

U.S. Rep. Barbara Lee (D., Calif.), Progressive Caucus vice chair, pointed out that the American People’s Dividend was the fastest, most efficient way of delivering immediate tax relief and economic stimulus.

Rep. Major Owens (D., N.Y.), a senior member of both the Progressive Caucus and the Black Caucus, said he would actively reach out to different groups in Congress and at the grassroots level to build support for the American People’s Dividend.

UE News - 02/01

Home -> UE News -> 2001 Archives -> Article

Home • About UE • Organize! • Independent Unions • Search • Site Guide • What's New • Contact UE
UE News • Political Action • Info for Workers • Resources • Education • Health & Safety • International • Links

Copyright © 2003 UE. All Rights Reserved