Image provided by: University of Oregon Libraries; Eugene, OR
About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (June 19, 2002)
Pag* A4_________________________________________ (Ü lje J J o r t l a n b ( D h s e m e r ____________________________________ June 19,2002 Opinion articles do not necessarily rejlect or represent the views o f (Elje JJortlani» (jObseruer 00ti»rrurr The Portland Observer welcomes freelance submissions. Manuscripts and photographs should be clearly labeled and will be returned if accompanied by a self addressed envelope. All created design display ads become the sole property of the newspaper and cannot be used in other publications or personal usage without the written consent o f the general manager, unless the client has purchased the composition of such ad. © 1996 THE PORTLAND OBSERVER ALL R IG H T S R ESER V ED , R EPR O D U C TIO N IN W H O L E O R IN PA RT W IT H O U T P E R M IS S IO N IS P R O H IB IT E D . 5 0 3 -2 8 8 -0 0 3 3 • FAX5 0 3 -2 8 8 0 0 1 5 • FMAIL: news@portlandobserver.com subscnDtion@Dortlandobserver.com ads@portlandobserver.com Tax Cut is Morally and Economically Wrong Richest taxpayers will reap billions, while not a dime goes to childcare in tax cuts o ver the decade. A m ericans w ith average incom es over a The tax cut keeps skyrocketing for those at m illion dollars will be handed an astonishing the very top. By 2010 it grow s to give the $ 121 billion in tax cuts in the year 2010 alone — wealthiest taxpayers average tax cuts 180 times m ore than all the rest o f A m erican taxpayers bigger than the tax cuts for the bottom 60 com bined— according to a new analysis o f the percent o f Americans earning less than $59,000 2001 Bush tax cut issued by C itizens for Tax a year. Justice and the C hildren’s D efense Fund. By 2010, w hen (and if) the Bush tax reduc “It is m orally w rong and econom ically irre tions are fully in place, an astonishing 52 sponsible for the Bush A dm inistration and percent o f the total tax cuts w ill go to the som e in C ongress to say w e cannot afford to wealthiest one percent w hose individual w ind provide m ore children a H ead Start this year or fall in that year alone will average $85,000. a single new dim e for child care for children in Repeal o f the estate tax on very large estates w orking fam ilies over the next five years while accounts for $50 billion o f the total $ 121 billion lavishing billions in new tax cuts for m illion tax cut for the rich in 2010. A w hopping 91 aires and m ulti-m illionaires,” said M arian percent o f the estate tax cut in that year goes W right E delm an, P resident o f the C hildren’s to the top one percent. D efense Fund. A freeze on the tax cuts “2 006to 2010 are the scan T h e ta x c u t k e e p s scheduled in the years ahead dal years o f the tax cut,” for the very wealthiest Am eri a c c o r d in g to R o b e rt S. s k y r o c k e tin g f o r th o se cans could provide crucial new M cIntyre, D irector o f C iti a t th e v e ry top. B y investm ents in early child zens forT ax Justice, w hodid 2 0 1 0 it g r o w s to g iv e hood, education, and health the year-by-year analysis o f fo r o u r ch ild re n an d o u r th e w e a lth ie s t the tax cut. “For the top one n atio n ’s future. It w ould al percent, the vast m ajority o f ta x p a y e r s a v e r a g e ta x low our country to: the Bush tax cuts w o n ’t be c u ts 1 8 0 tim e s b ig g e r ■ Provide early childhood phased in until after 2005. In th a n th e ta x c u ts f o r program s for every child who c o n tr a s t, 9 9 p e rc e n t o f needs them to get ready for A m ericans have already re th e b o tto m 6 0 p e r c e n t school. ceived alm ost all o f w hat o f A m e r ic a n s e a r n in g • Im prove educational o p th ey ’ 11 get from the Bush tax le ss th a n $ 5 9 ,0 0 0 portunities for all children by cuts. Since the tax cut is al ready essentially frozen for a year. % decreasing class size, im prov ing teacher quality and ac m ost o f us, w hy not extend co untability, and repairing the freeze to the top one crum bling school buildings. p ercent too?” • Ensure health coverage for all o f our 9 A lthough it w as w idely understood last million uninsured children, 90 percent o f whom year that the Bush tax cut plan w ould dispro live in w orking families. portionately help the w ealthy, inform ation • C reate a fairer fully refundable child tax about the share o f the rising tax cut going to credit that reaches all poor children and lifts the top one percent in later years w as not ov er a m illion from poverty. available w hen the P resid en t’s tax cut bill was • S p a re th o u s a n d s o f c h ild re n fro m being debated. T his new analysis, w hich looks hom elessness. at the annual effects o f the Bush tax cut over • Free m illions o f struggling w orking fam i the next decade, show s the true extent o f the lies from fears o f h u n g er an d ev ictio n by unjust giveaw ay to the w ealthiest, m aking it p ro v id in g jo b tra in in g and o th e r w ork su p one o f the m ost lopsided tax cuts in history: p o rts. From 2001 to 2010 the w ealthiest one per “T he B ush ad m in istratio n ’s w ords say cent o f A m ericans w ith average incom es over ‘L e a v e N o C h ild B e h in d .’ T h e B u sh a m illion dollars w ould pocket alm ost a half A dm inistration’s deeds say ‘leave no m illion trillion dollars from the Bush tax cuts. Each aires behind,” ’ said Edelm an. m em ber o f this elite group will average $342,000 The Portland O bserver—O regon’s Oldest Multicultural Publication—is a mem ber of the National Newspaper Association—Founded in 1885, and The National Advertising Repre sentad ve Amalgamated Publishers, Inc, New Y ork, N Y , and The W est Coast Black Publishers Association • Serving Portland and Vancouver. Some banks charge for every check you write on free checking accounts. So where's the free? It's at Washington Mutual. Where free checking means exactly that. There's no per check charge for the checks you w rite. No fee fo r cancelled checks. No required m in im u m balance. No mandatory direct deposit. Free access to tellers and customer service telephone lines. Free 2 4 /7 access to your account at our ATM's. Even a free VISA check card. So if you've been wondering where's the free in your so-called "free" checking account, come to Washington Mutual. We're where it's at. For the location nearest to you call 1 -8 0 0 -7 8 8 -7 0 0 0 01 Washington Mutual Where free checking really means free. FDIC Insured H. & B. Too NOW OPEN Oregon’s Oldest Licensed Pawnshop 4709 N.E. Martin Luther King Blvd. 2 blocks south of Alberta Weekdays til 6 p.m. - Saturdays til 4 p.m. Free Parking - State Controlled Rates - Se Habla Español www.hbloan.com Oregon Family Business for over 50 years 1 l *. #306 <
