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Protest to Target Tax Breaks for Wealthy

A protest outside the Vinoy Monday will call for an end to tax cuts for those who make more than $250,000 a year.

As a vote on tax cuts looms in Congress, a protest is planned Monday in downtown St. Petersburg that calls for an end to tax breaks for wealthier Americans.

The protest, by the Florida Consumer Action Network, is scheduled for 11 a.m., ay the corner of Bayshore Drive NE and 5th Avenue North. The location is next to the historic Vinoy Hotel.

The rally is to support an end to tax cuts to people making more than $250,000 a year. The tax breaks were imposed under the former administration of Preisdent George W. Bush.

"Trickle-down tax breaks for the rich don’t create jobs. Jobs are created when we have a strong middle class that can spend and stimulate the economy.” said Karl Herrmann, of the Action Network in a news release. “We need more middle class tax relief, not more tax breaks for the wealthy who don’t need them.”   

The group said in a news release that it is staging the protest near the Vinoy Hotel and Vinoy Yacht Basin because they are symbols of opulence that are in contrast to the economic hardships that many Americans face today.

Passing the President’s plan, the group said, would protect tax cuts for all Americans making less than $250,000 a year while generating while $68 billion a year in revenue from the wealthiest Americans.

That is almost $700 billion over the next 10 years, which the groups says that revenue would help put people back to work rebuilding roads and bridges, repairing schools and reviving the economy.

william July 29, 2012 at 05:11 PM
the top ten percent of taxpayers pay over seventy-percent of all income taxes and the bottom fifty-percent (the people with the signs) pay two-percent. is that fair?
Josh July 30, 2012 at 03:32 AM
Um, is that because most wealth is concenteate in their hands?? The fact is the Bush tax cuts hurt the Middle class and help the ultra wealthy who are already doing quite well. Cut taxes for the rest of us and we can get this economy moving again. We dont need silver spoon sucking millionaires leaching off our hard work any longer.
Jack Sprat July 31, 2012 at 04:35 AM
Exactly how do the Bush tax cuts hurt the "middle class"? And how do they help the "ultra wealthy"? The ultra wealthy pay millions of dollars in taxes every year - each one of them. Is that not enough? How much is enough? Increasing taxes on wealthy people motivates them to invest their money in other countries - sometimes they choose to actually live in those countries. What would the less successful do if those paying 70% of taxes decided to leave? Many of the "ultra rich" are actually small businesses that employ people. What if they decide it is not worth continuing their business because of higher taxes? How many more unemployed would we have? Finally, consider this - Obama is currently proposing a budget that will add another Trillion Dollars to our debt. $68 Million is a tiny fraction of that trillion. At thois rate, we will add another $10 Trillion to our debt in ten years while collecting only $700 Million from the wealthy taxpayers. Most of that borrowed money is going to those who pay zero income tax. We don't need more taxes, WE NEED MORE JOBS. Those who do not understand the basics are doomed to be on the dole forever. That is what Obama wants - a dependent population - dependent on the government, forever. Because dependence equals control.
mark bell August 19, 2012 at 03:17 PM
Top 10% don't pay 75% of all taxes - they have tax lawyers that find them loop holes and often illegal tricks and they stash their cash offshore in secret bank accounts. Middle class demand is what creates jobs.

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