Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

November-16-12

Budget Talks Begin

Today President Obama and top Congressional Leaders began to discuss compromises needed to reach an agreement between the White House and Congress for next year's budget. If an agreement between the two is not met by the end of the year, taxes on all Americans will increase.

"We have to make sure that taxes don't go up on the middle class, that the economy remains strong," the President told reporters. "That's an agenda that Democrats and Republicans and independents, people all across the country share. So our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the people's business."

In order to reduce the deficit, President Obama proposes allowing the existing tax cuts on the top two percent to expire while extending cuts for all with taxpayers with incomes below $250,000. To keep the tax cuts for the wealthiest two percent, House conservatives propose cutting federal programs such as Medicaid and Medicare. The stalemate over taxing the wealthy or cutting programs has taken tax cuts for the middle class hostage, and many of the tax cuts at stake disproportionately affect young, single women. According to a report [PDF] released earlier this year by the American Association of University Women (AAUW), women graduates only make 82 percent of the wages earned by their male counterparts one year after graduating from college. Increasing taxes for these women would have even harsher repercussions as they are already receiving lower wages than their male counterparts.

Media Resources: Christian Science Monitor 11/16/12; LA Times 11/16/12; New York Times 11/16/12; Washington Post 11/16/12; AAUW 2012


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

7/29/2015 An Extreme Abortion Ban is Now Law in Wisconsin - Wisconsin Governor Scott Walker signed an extreme 20 week abortion ban into law last week. The law, which bans abortions performed past 20 weeks, has no exception whatsoever for rape, incest, or fatal fetal anomalies. . . .
 
7/29/2015 Jen Welter Just Made NFL History - Jen Welter was hired as a coach for the Arizona Cardinals this week, becoming the first woman ever to be a National Football League coach. . . .
 
7/27/2015 Senate Majority Leader Mitch McConnell Blocked Efforts to Defund Planned Parenthood - An attempt in the Senate to defund Planned Parenthood by Mike Lee (R-UT) was blocked this weekend by Senate Majority Leader Mitch McConnell (R-KY). Lee tried to attach the elimination of federal funds for Planned Parenthood to a vote for highway legislation, a move which was rejected by McConnell as out of order. Republican legislators have redoubled their efforts to block funding for Planned Parenthood since the release of two heavily edited clandestine videos of different PPFA employees taken without their knowledge. . . .