On November 27th, LPS members with buckets and bells were downtown collecting money for the rich. They told people their donations would go to the wealthy and could pre-empt the need for the Senate Tax Bill. The tax bill gives people with incomes over $750,000 an annual bonus of $34,000 (or more), and add $1.7 trillion to the US debt.  “There was no need to collect money for middle and low-income people,” says Jackie Boynton, a Milwaukee lawyer. “A waitress will get about $50 from the tax cut and it runs out in eight years. Then her taxes will be higher than they are now, so the working people have nothing to gain from the tax bill.”

With golden posters, buckets with bells and musical instruments – the volunteers asked hundreds of people to reach deep into their pockets. Carol Brill, longtime Milwaukee leader said “Every penny we collected was taken to Senator Johnson’s office for distribution to the millionaires (and billionaires) he knows so the Tax Bill wouldn’t be necessary.  Unfortunately, his staff would not accept the money – all $11.28 .”

According to Bruce Colburn, labor leader and activist, “This Tax Bill is designed to make rich people richer and helps no one else. We also know it swells the national debt so key community programs will be at serious risk. We are trying to make the United States secure for our grandchildren.”

For coverage of Monday's action on WISN click here .

Mike Rosen fires up the troops for the Money for Millionaires protest against the Trump Tax Plan.

Stop the Tax Plan by the Wealthy for the Wealthy

The Republican Tax Plan is on a fast track in the Senate with a vote in the coming two weeks. This would be a disaster for the United States.
This tax plan:

  • redistributes money from the middle-class to the wealthy,
  • cuts funds for public infrastructure that would pay for police, parks and education
  • destabilizes Obamacare, leaving over 13 million people without health care
  • adds 1.5 trillion to the national budget deficit – the kind of debt that will require major cuts to Social Security and Medicare in the near future.

How will this plan affect your pocketbook?

By 2027, every income level below seventy-five thousand dollars a year will face a tax increase, while everybody above that level will have a continued tax decrease, with the greatest cut in taxes accruing to those making more than a million dollars a year. https://www.newyorker.com/news/news-desk/the-shocking-math-of-the-republican-tax-plan

Time Magazine provides a calculator that shows how the tax plan affects different income groups (income includes salary and benefits.) See an example below:
  • A household with an income of $40,000 now pays $4,360 in taxes (10.9%)
  • Under the Republican plan, in 2019, the household would pay $3,960 (9.9%) saving $400.
  • By 2027, the tax rate will rise to 11.5%, and the family will pay $4,600 -- $240 more than their current tax cost. Source: Joint Committee on Taxation

League of Progressive Seniors collect Money for Millionaires to stop the GOP Tax Bill