For our nascent economic recovery to be sustainable, we must ensure all Americans once again pay their fair share. It was tax breaks for the wealthy at the beginning of the 21st century that led to our current budget deficit problems. And today, our tax system permits ultra-high income earners to pay a lower tax rate than a truck driver or a janitor. Those trickle-down economics are partly to blame for the depth of the recent recession—the worst downturn since the Great Depression.
A new bill by Sen. Sheldon Whitehouse (D-RI), the Paying a Fair Share Act, would end a tax policy that often asks middle-class workers to pay higher tax rates than millionaires. Please join Sen. Whitehouse, National Economic Council Deputy Director Jason Furman, and Michael Ettlinger, Center for American Progress Action Fund Vice President for Economic Policy, for a candid conversation on these important issues. The discussion will be moderated by Center for American Progress Action Fund President and CEO Tom Perriello.
The event will begin promptly at 10:30 a.m.