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Date: Tue, 1 Aug 2006 12:28:56 -0400 (EDT)
From: Citizens for Tax Justice &lt;ctj@ctj.org&gt;
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Subject: Congress Holds Minimum Wage Increase Hostage
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&lt;head &gt;&lt;meta /&gt;&lt;/head&gt;&lt;body &gt;&lt;center &gt;&lt;table bgcolor=&quot;#ffffff&quot; width=&quot;595&quot; &gt;&lt;tr &gt;&lt;td colspan=&quot;1&quot; rowspan=&quot;1&quot; width=&quot;100%&quot; &gt;&lt;font color=&quot;#000000&quot; face=&quot;verdana,arial&quot; size=&quot;1&quot; &gt;&lt;ReminderContent &gt;You are receiving this email from Citizens for Tax 
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in receiving email campaigns from us. To no longer receive our emails, click to &lt;a href=&quot;http://ui.constantcontact.com/d.jsp?p=un&amp;m=1101148557224&amp;ea=pgeorge%40yakima.net&amp;se=1556&amp;t=1101365295962&amp;lang=en&amp;reason=F&quot; shape=&quot;rect&quot; style=&quot;color:#0000ff;&quot; target=&quot;_blank&quot;&gt;unsubscribe&lt;/a&gt;.&lt;/ReminderContent&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/center&gt;&lt;img alt=&quot; &quot; height=&quot;1&quot; src=&quot;http://rs6.net/on.jsp?t=1101365295962.0.1101148557224.1556&amp;ts=S0201&amp;o=http://ui.constantcontact.com/images/p1x1.gif&quot; width=&quot;1&quot;/&gt;

&lt;!-- If your HTML code DOES NOT include the html, head, and body tags,
paste your custom HTML code between the START and END comments  --&gt;
&lt;!--    START    --&gt;
&lt;p&gt;&lt;font face=&quot;Arial&quot;&gt;&lt;font size=&quot;4&quot; color=&quot;#800000&quot;&gt;&lt;center&gt;&lt;font color=&quot;#0000ff&quot;&gt;&lt;font size=&quot;2&quot;&gt;&lt;font size=&quot;4&quot; color=&quot;#800000&quot;&gt;&amp;nbsp;&lt;/font&gt;&lt;/font&gt;&amp;nbsp;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt; &lt;/font&gt;&lt;/center&gt;&lt;/p&gt;


&lt;/p&gt;
&lt;div align=&quot;center&quot;&gt;
  &lt;table width=&quot;93%&quot; height=&quot;114&quot; border=&quot;4&quot; cellpadding=&quot;3&quot; bordercolor=&quot;#FF0000&quot;&gt;
    &lt;tr&gt;
      &lt;td height=&quot;88&quot;&gt;&lt;p align=&quot;center&quot;&gt;&lt;font size=&quot;+2&quot; face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;Congress Holds Minimum Wage Increase Hostage&lt;br&gt;
      To
      Tax Breaks For Multimillion Dollar Inheritances&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
&lt;/div&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;House Passes Bill Combining Increase in Minimum Wage With Language to Gut
    the Estate Tax Paid By Multimillionaires&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;After repeatedly opposing any increase
    in the minimum wage, the majority's leadership in the U.S. House of Representatives
    last week cynically passed &lt;strong&gt;House Resolution (H.R.) 5970&lt;/strong&gt;,
  a bill combining
  a wage boost with language gutting the estate tax and a package of
    corporate tax break extensions popular with the business community. Each
    year the bill would give several thousand extremely wealthy families an
    average estate tax break of
    well over a
    million dollars.
&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;The
    majority hopes that this bill with be more likely to pass in the Senate,
    where Majority Leader Bill
      Frist (R-TN) has failed several times now in his
efforts to repeal or reduce the estate tax. The Senate will probably vote later
    this week.&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;The minimum wage is at its
  lowest purchasing power since 1955. Lawmakers and  organizations that
  have advocated boosting the minimum wage have blasted the House for linking
  this important change to an estate tax cut that will expand
  federal budget deficits by hundreds of billions of dollars. &lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;div align=&quot;center&quot;&gt;
  &lt;table width=&quot;64%&quot; height=&quot;79&quot; border=&quot;4&quot; cellpadding=&quot;3&quot; bordercolor=&quot;#FF0000&quot;&gt;
    &lt;tr&gt;
      &lt;td&gt;&lt;p align=&quot;center&quot;&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;Call Your Senators
              Toll-Free at&lt;br&gt;
      &lt;/strong&gt;&lt;/font&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;&lt;font size=&quot;+3&quot;&gt;800-459-1887&lt;/font&gt; &lt;br&gt;
      &lt;font size=&quot;+1&quot;&gt;&lt;e&gt; Tell Them to Vote NO on H.R. 5970.&lt;/font&gt;&lt;br&gt;
          This toll-free number is provided by the&lt;br&gt;
      &lt;/strong&gt;&lt;/font&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;American Friends
      Service Committee.&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
      &lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
&lt;/div&gt;
&lt;div align=&quot;center&quot;&gt;&lt;/div&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;strong&gt;Provisions of H.R. 5970&lt;/strong&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;The &lt;strong&gt;minimum wage&lt;/strong&gt; provisions
    of the bill would increase the wage floor from its current $5.15 to $5.85
    on January 1, 2007, then to $6.55 on June 1, 2008, and $7.25
  on June 1, 2009. Remarkably, the bill would actually cut wages for workers
    in certain states, as explained by the &lt;a href=&quot;http://rs6.net/tn.jsp?t=99ozhxbab.0.4yotixbab.i6ddzqbab.1556&amp;ts=S0201&amp;p=http%3A%2F%2Fwww.epi.org%2Fcontent.cfm%2Fpm114&quot; shape=&quot;rect&quot;&gt;Economic
    Policy Institute&lt;/a&gt;. &lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;Under legislation enacted in 2001,
    the &lt;strong&gt;estate tax&lt;/strong&gt; is
    gradually being phased out and is to disappear entirely in 2010 but then
    return
  almost
  fully
  in 2011. H.R. 5970 would change this so that the estate tax does not disappear
  in 2010 but will be permanently and significantly lower. Between 2010 and 2015,
  H.R. 5970 would gradually phase in higher exemptions and lower rates. Once
    fully in effect in 2015, the bill would exempt the first $5 million of an
    individual's
  estate (or $10 million of a couple's estate) and would tax the value of the
  estate between the exempt amount and $25 million at the capital gains tax rate,
  which is currently 15 percent. Any value of an estate beyond $25 million would
  be taxed at 30 percent. &lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;Once the estate tax cut is fully
    in effect, it will cost over &lt;a href=&quot;http://rs6.net/tn.jsp?t=99ozhxbab.0.bzotixbab.i6ddzqbab.1556&amp;ts=S0201&amp;p=http%3A%2F%2Fwww.cbpp.org%2F7-28-06tax3.htm&quot; shape=&quot;rect&quot;&gt;$61
    billion&lt;/a&gt; a year.&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;Also included in the bill is a &lt;strong&gt;package
      of tax break extensions&lt;/strong&gt; that are largely
  aimed at business. Some of these tax breaks have questionable value but nevertheless
  have bipartisan support. The largest is the research and development tax credit
followed by the deduction for state sales taxes.&lt;/font&gt;&lt;font face=&quot;Arial, Helvetica, sans-serif&quot;&gt;&lt;/font&gt;&lt;/p&gt;
&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;


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