Report: Proposed Estate Tax Cuts Are Unaffordable and Irresponsible
USAction Education Fund to host press conference call to discuss costs of repeal or drastic reduction
Contact: Will Matthews
wmatthews@usaction.org
(202) 448-6168
(Washington, DC)—On Wednesday, August 31, at 10:00 a.m. EDT , USAction Education Fund will hold a press conference call to discuss the results of a new report comparing proposed budget cuts for Medicaid and other vital community services with proposals to repeal or drastically reduce the federal estate tax.
According to the report, revenue lost from repealing or drastically reducing the estate tax would exceed the combined budget cuts Congress is considering for a number of vital community services. Just 30,627 Americans paid the estate tax in 2003, while the proposed budget cuts to Medicaid alone could cover health care needs for 1.2 million children.
| Who: |
Alan Charney, USAction Education Fund Civic Engagement Director
William McNary, USAction President
Kathleen Vinehout, Wisconsin farmer
Jerome Trupin, Responsible Wealth
Adam Hughes, budget policy analyst, OMB Watch
Lee Farris, senior organizer for estate tax policy, United for a Fair Economy |
| What: |
Press conference call to release new report on the effects of repealing or drastically reducing the estate tax |
| When: |
Wednesday, August 31, 2005
10:00 a.m. |
| How: |
Contact Will Matthews at (202) 448-6168 or wmatthews@usaction.org for call-in number and details. |
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USAction Education Fund is a non-profit, non-partisan organization dedicated to research and education concerning issues of racial, social and economic justice. The organization works with partners in 24 states to help increase civic participation and consumer advocacy. Date: 8/29/2005
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