Liberal Christian leaders blast GOP tax bill
c. 2012 Religion News Service WASHINGTON (RNS) A coalition of liberal Christian leaders blasted a GOP budget plan that would extend Bush-era tax cuts for the wealthy while slashing key provisions for the poor.
The bill, which is being used by both parties as part of election-year jockeying, would slash the Earned Income Tax Credit, which supplements wages of low-income workers, and the Child Tax Credit, which provides up to $1,000 financial support per child for poor working families.
At the same time, the bill would extend Bush-era tax cuts for the highest income earners: individuals earning over $200,000 a year and families earning over $250,000.
The tax cuts, which were renewed two years ago on a temporary basis, are set to expire at year's end.
In a letter delivered to Capitol Hill on Wednesday (Aug. 1), 60 faith leaders urged Congress "to put families and workers before ideological agendas that favor the powerful."
"To roll back tax credits for the poor to help fund tax breaks for the rich is simply morally reprehensible," said the Rev. Jim Wallis, president and CEO of the social justice organization Sojourners, who called the federal budget a "moral document" that should transcend party politics.
The Rev. David Beckmann, president of the ecumenical hunger group Bread for the World, said letting tax benefits expire for the highest earners would create $830 billion in revenue over the next 10 years. This money, he said, could be spent on h