CBC: Obama’s Tax Cuts Deal “Bad for African Americans,” “Hurts the Poor”

December 10, 2010  |  

(ABC News) — The Congressional Black Caucus today said it is overwhelmingly opposed to President Obama’s proposed deal on tax cuts, with members criticizing the plan’s inclusion of an extension for high-income Bush-era tax cuts and an estate tax cut provision as a “bad deal for African Americans” and a scheme that “disproportionately hurts the poor.” At a press conference earlier today, Rep. Barbara Lee, the chairwoman of the CBC, emphasized the message she says she told Vice President Biden Wednesday that “the overwhelmingly majority of the Congressional Black Caucus members are opposed to the current tax plan.” “The vast majority of CBC members are opposed to the estate tax provision, and to extending the Bush-era tax cuts for the wealthiest two percent of Americans,” Lee, D-California, said.  “We are extremely concerned that the cuts that could be made should this package pass would disproportionately hurt the poor, and low income communities and further erode the safety net. We don’t want to create a situation today that will exacerbate the conditions for Americans who are already hurting. That would be unfair and that would be unwise.”

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