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It's the Economy, Mr. President....Again! * The U.S. has lost over 2 million jobs in the past two years, nearly 500,000 in February and March alone. * Extended unemployment benefits end on June 1, 2003 while the economy continues to slump. * States and cities across the country are facing massive deficits, which is causing large-scale cuts in jobs and vital programs. * The Bush Administration's answer is massive tax cuts for the wealthy, little immediate stimulus for the economy and no aid to the unemployed or the states. Mass Picket & Rally Wednesday, May 14, 2003 12 Noon U.S. Department of Labor Washington D.C. 3rd and Constitution To Demand: --Extended Unemployment Benefits --Fiscal Aid to the States --Real Stimulus Package for the Economy Speakers include: John Sweeney, President, AFL-CIO Leo Gerard President, United Steelworkers of America Kweisi Mfume, President, NAACP Lawrence Klein, Nobel Laureate Economist Rev. Ronald Stief, United Church of Christ Bill George, President PA AFL-CIO Pam Terry, President CWA Local 2000 John Dodds, Philadelphia Unemployment Project Laid Off American workers Members of Congress For more information contact: AFL-CIO, United Steelworkers of America, Philadelphia Unemployment Project, AFSCME, New York Unemployment Project, UFCW, Teamsters, CWA, UNITE, National Campaign for Jobs and Income Support, National Employment Law Project, American Friends Service Committee, Community Voices Heard. Call 215-557-0822 for more information. -------------------------------- It's the Economy Again, Mr. President... What about us? Extended Benefits are running out on June 1 with no end in sight to high unemployment. States are in fiscal crisis across the nation, forcing major cuts and lay offs and slowing the economy even more. And President Bush's answer is massive tax cuts for the wealthy that does not create jobs, no help for the states and no help for the unemployed. This is unacceptable to the American people! ** Extending Unemployment Benefits ** § Nearly four million unemployed will lose benefits without an immediate passage of legislation to extend and expand unemployment benefits. § Extended unemployment benefits run out on June 1, 2003. Beginning June 1st, 80,000 workers every week will lose their unemployment benefits if the federal program is discontinued. § The program now provides 13 weeks of extended benefits to most workers. In the last recession workers got 26 to 33 weeks of extended benefits. § The economy continues to slump and has lost over 500,000 jobs in the last 3 months. § There are 8.79 million unemployed now, more than any time in the last ten years. § 43% of the unemployed exhaust their state benefits without finding a job. Yet President Bush is not supporting an extension for the unemployed. ** Aid to the States ** § Meanwhile, across the nation states are in crises. States are facing $80 to $100 Billion in deficits. § Massive cuts in vital programs and large-scale lay offs are happening everywhere. States are raising taxes. All of this creates an even greater strain on the struggling national economy. § Money to the states would prevent program cuts and layoffs and get funds directly and quickly into the economy. Yet President Bush does not favor any aid to the states. ** Tax Cut for the Wealthy with Little Help for the Economy ** § President Bush is calling for a massive tax targeted to the wealthy, which will lead to giant deficits and provide little help for the economy. § A wide range of economists from Nobel-prize winners to financial analysts say that the Bush tax cuts will do little in terms of creating jobs. Even the non-partisan Congressional Budget Office, run by a Bush appointee, found that the net effect of the tax cuts on the economy would be small. § The vast majority of the proposed tax cuts will not happen in 2003 when the need for jobs is critical. § The tax cuts will enrich the wealthiest Americans while we face massive state deficits and cutbacks across the nation. § Under the tax plan passed by the House, millionaires (184,000 Americans) would receive a total tax cut as large as the total to be received by the bottom 89% of the population. § At a time of growing costs for national security and the Iraq war, combined with the upcoming retirement of the baby boom generation these long-term tax cuts threaten the economic well being of the nation. § They will cause major cuts in human services, education and threaten Social Security and Medicare and other programs important to average non-millionaire Americans. Yet President Bush is pushing for the largest possible tax cut targeted mainly to the rich, with little concern for getting the country out of the economic slump. For more information contact the AFL-CIO, AFSCME, United Steelworkers of America, UNITE, United Food and Commercial Workers, Teamsters, IBEW, Philadelphia Unemployment Project, Community Voices Heard, New York Unemployment Project, Mon Valley Unemployed Committee, American Friends Service Committee, National Campaign for Jobs and Income Support, National Employment Law Project. Call Philadelphia Unemployment Project at 215-557-0822 for more information.
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