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Fund Health Care Reform With Progressive Revenue Options

Americans may not know the details of every tax break enjoyed by corporations or wealthy individuals, but they might be particularly keen to focus on them after providing Wall Street (and thus the richest people in America) the biggest taxpayer-funded bailout in history.

After propping up major corporations and their CEOs and shareholders, Congress might find it reasonable to make the following deal. Main Street is paying to make Wall Street healthy. Wall Street, when it is healthy, will return the favor.

There are straightforward ways to raise revenue that will not be overly burdensome for taxpayers and will not harm the economy. They involve eliminating or reducing several subsidies and preferences provided in the federal tax code to the wealthiest and most powerful among us. Combined with savings in the existing health care system, these measures could raise enough revenue to adequately fund health care reform.

The Citizens for Tax Justice have laid out five steps to achieve this goal.

http://rebuildandrenew.org/misc/pdf/CTJ_healthcarefinancing.pdf

The following national organizations have signed on to the statement of principles of responsible and fair taxation and funding investments for the common good.

Untitled Document
9to5, National Association of Working Women

ACORN

AFL-CIO

American Federation of Government Employees

American Federation of State, County and Municipal Employees (AFSCME)

Americans for Democratic Action, Inc.

Americans United for Change

Association of Farmworker Opportunity Programs

Campaign for America's Future

Center for Community Change

Center for Law and Social Policy (CLASP)

Children's Defense Fund

Citizens for Tax Justice

Class Action

Coalition on Human Needs

Community Action Partnership

Every Child Matters

Faith and Money Network, Inc. (formerly Ministry of Money)

Families USA

Food Research and Action Center

Friends Committee on National Legislation

Hispanic Federation

Institute for Policy Studies-Program on Inequality and Common Good

Kids Project

Leadership Conference of Women Religious

Leadership Conference on Civil Rights

LEAnet, a national network of local education agencies

Legal Momentum

Lutheran Services in America

NASW National Office

National Association for State Community Services Programs

National Association of Social Workers

National Center for Law and Economic Justice

National Coalition for the Homeless

National Direct Care Partnership

National Jobs for All Coalition

National Latina Health Network

National Low Income Housing Coalition

National Organization for Women

National Partnership for Women & Families

National Policy and Advocacy Council on Homelessness

National Priorities Project

National Puerto Rican Coalition, Inc.

National Tongan American Society

National WIC Association

National Women’s Conference Committee

National Women’s Health Network

National Women's Law Center

NETWORK: A National Catholic Social Justice Lobby

OMB Watch

OWL – The Voice of Midlife and Older Women

Presbyterian Church (U.S.A.) Washington Office

RESULTS

Sargent Shriver National Center on Poverty Law

Service Employees International Union (SEIU)

Sojourners

The National Advocacy Center of the Sisters of the Good Shepherd

The United Methodist Church - General Board of Church and Society

TrueMajority.org

Unitarian Universalist Association of Congregations

United Church of Christ, Justice and Witness Ministries

United for a Fair Economy

United Neighborhood Centers of America

USAction

Vote Kids

Voices for America’s Children

Wealth for the Common Good

Wider Opportunities for Women (WOW)

Women Employed

Women’s Institute for a Secure Retirement

YWCA USA