Tell Congress What $2,000 Means To You
The fiscal cliff—or fiscal showdown, as we're calling it—is a bundle of expiring tax cuts and cuts to program spending that threaten America’s middle class with an average tax increase of $2,200 if Congress cannot reach an agreement by the end of the year.
There is consensus among lawmakers and economists that increasing taxes on the middle class would be detrimental to our economy, particularly for small businesses. President Obama agreed, calling on Congress to "pass a law that would prevent a tax hike on the first $250,000 of everybody's income."
A bill, which the president said he is willing to sign quickly, would protect 98 percent of Americans and 97 percent of small businesses from the tax increase. The wealthiest Americans, who have balked at the idea of higher taxes, would also get a tax-break on their first $250,000 worth of income.
Let Congress know that we can't afford a tax hike on the middle class — and what $2,000 is really worth to you.