Growing Opposition to the Tax Cuts and Jobs Act
Yesterday the CBO (the nonpartisan Congressional Budget Office) made its report on this bill indicating the poor will be hurt even more than originally thought and the rich will benefit even more than originally thought. Today both Bread for the World and the Evangelical Lutheran Church in America called for constituents to call their Senators and oppose this bill.
Bread for the World says tax reform should accomplish four goals: 1) increase equity and fairness in the tax code, 2) maintain and strengthen tax credits for low-income workers, 3) block efforts to finance tax cuts for high-income people by cutting programs that help low-income people. and 4) encourage work and allow new markets to flourish.
The ELCA called upon Congress to work for the common good.