Petition to Renew the Bush Tax Cuts

Everyone should go to http://leagueofamericanvoters.com/petition.aspx and sign the petition. Watch the video and read the URGENT letter from former Senator Fred Thompson (also a star on Law & Order).

Lenny Vasbinder

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Petition to Renew the Bush Tax Cuts

I, the undersigned, an American citizen, taxpayer, and voter.

Whereas the U.S. is facing one of the worst recessions since the Great Depression;

Whereas consumer spending and economic activity has contracted causing the downturn and high unemployment;

Whereas the Bush tax cuts, enacted in 2001 and 2003, will fully and automatically expire as of Dec. 31, 2010;

Whereas the expiration of these cuts will cause a massive tax rate increase for almost all working Americans, including those in the:

35% bracket which will increase to 39.6%

33% bracket which will increase to 36%

28% bracket which will increase to 31%

25% bracket which will increase to 28%

10% and 15% will condense to 15%

Whereas the capital gains tax will increase from 15% to 20%

Whereas the tax on dividends will increase from 15% to 39.6%

We demand that our representatives in Congress fully and completely renew the Bush tax cuts; and do so without delay to ensure public confidence in the markets and economy.

Signed Today,

Leonard Vasbinder