From the PA. AFL-CIO (Richard W. Bloomingdale, President – Frank Snyder, Secretary-Treasurer)
– Closing federal tax loopholes, enacting tax fairness provisions would raise revenue and support job growth in Pennsylvania
Today the American Federation of State, County, and Municipal Employees (AFSCME) Council 13 and the Pennsylvania AFL-CIO released a study by the Economic Policy Institute (EPI) that found 152,077 jobs could be created in the Pennsylvania. As a special Congressional budget committee reached a tentative agreement that must be approved by Congress, before adjourning for 2013, the analysis, “The Perfect Match for Pennsylvania: Coupling tax fairness with Job Creation for a Stronger Economy,” shows how enacting three tax proposals would spur job growth in Pennsylvania.
The last congressional battle over budget priorities led tea party politicians to shut down the government and keep America from paying its bills. Members like Congressmen Keith Rothfus (R-12) and Mike Fitzpatrick (R-8) could support closing federal tax loopholes for corporations and Wall Street and making sure everyone pays their fair share of taxes. Instead, Rothfus and Kirkpatrick continue to support a budget that ends Medicare and Medicaid as we know them and would force deep cuts to Social Security.
“While middle class and working class Pennsylvanians are suffering, the federal government is helping billion dollar corporations and the very wealthy make exorbitant amounts of money through tax breaks and loopholes. Congress needs to make American families their priority and that starts with supporting tax fairness,” said Rick Bloomingdale, President of the Pennsylvania AFL-CIO, during today’s conference call.
The three initiatives; closing corporate tax loopholes, making the wealthy pay their fair share, and making Wall St. bankers pay a fee on trades, could create 3.3 million jobs nationally and 152,077 jobs here in the Commonwealth. According to the EPI study, pairing job creation policies with permanent tax changes would substantially reduce the country’s deficits over the medium and long term, providing a better economic future for Pennsylvania and the nation.
To read the full analysis go to: https://afl.salsalabs.com/o/4002/c/51/images/PerfectMatchPennsylvania.pdf
Source: http://www.paaflcio.org/?p=3249
