Share |
12.18.17

Still Undecided, IFPTE Urges Senator Collins to Oppose 'Tax Cut for the Wealthy' Bill

December 18, 2017

Honorable Susan Collins
United States Senate
413 Dirksen Senate Office Building
Washington, DC 20510

Dear Senator Collins:

On behalf of the 90,000 members of the International Federation of Professional and Technical Engineers (IFPTE), including those represented by IFPTE Local 4 at the Portsmouth Naval Shipyard, we are writing regarding this week’s Senate consideration of the conference report to accompany HR 1, The Tax Cuts and Jobs Act. This legislation would do little to create jobs, represents a massive shift of the tax burden from the wealthiest wage earners and corporations to certain middle-income workers, and would result in the loss of medical insurance for eleven million people.

A yes vote on the tax bill is a vote for:

  • Fiscal irresponsibility, as it will increase the already large deficit and put funding for federal employee benefits and compensation, and other priorities, including at our nation’s four shipyards, in jeopardy (OMB is already preparing a budget that includes a federal employee pay freeze, and other steep cuts to federal benefits);
  • Destabilizing the health insurance market, by increasing the number of uninsured Americans by more than 10 million and put all citizens of Maine and throughout the nation with a pre-existing medical condition at risk of losing coverage or out of control rises in premium;
  • Lowering taxes on the richest Americans and partially pay for it with a middle-class tax increase (immediate for about a third of the middle class, delayed for the rest);
  • Lowering home values across the country by punishing every hard working American who has invested in owning a home for their retirement, as many Americans will no longer itemize deductions, even with the $10,000 property tax exemption (according to an analysis by the Institute on Taxation and Economic Policy (ITEP), “more than two-thirds of American households that currently deduct their property taxes, mortgage interest, or charitable contributions would lose the ability to write-off these expenses”, including at least 130,000 households in the State of Maine1);
  • Providing a huge windfall of profits for the wealthiest few percent without any incentives to increase wages or create jobs.
Sixty-Four percent of the American public opposes this tax bill. IFPTE asks that you side with them and vote NO on the conference report.

Sincerely,

Gregory J. Junemann
President

Paul Shearon
Secretary-Treasurer

112/7/2017, ITEP analysis, “Charitable, Property Tax, and Mortgage Interest Deductions Would Be Wiped Out for Two-Thirds of Current Claimants Under Congressional Tax Plans”

------------------------------------------------------------------------------------------------------------------------------------

RELATED:
12/20/2017 - IFPTE in the News, After Her 'Yes' Vote on the Tax Bill, What Will Happen to Susan Collins? (Mic.com)

FLASHBACK:
11/30/2017 - Senate Set to Consider Its Tax Cut for the Wealthy Bill

IFPTE's Letter to Senator Collins

< View All News