When we elect our local, state or national leaders, we hire them to be our investment brokers. We entrust them to invest our pooled tax contributions wisely, for the betterment of our community.
The $3.5 trillion reconciliation bill is an opportunity to invest in the futures of American families. It will support our children with child tax credits, establish medical and family leave to care for newborn infants or ill family members, support affordable childcare and provide universal preschool for 3- and 4-year-olds. It will build a skilled workforce by providing two free years of community college, reduce drug prices, improve Medicare for our elders and start to address climate change.
Our elected investment brokers seem reluctant to support these investments in our community, claiming that it “costs” too much. But are we really “investing too much” in our children’s future … investing too much in our future workforce … investing too much in our economy?
The 3.5 trillion dollars is spread over ten years, so it is $350 billion invested each year, or an average of $1,049 per year for each American. According to the Tax Foundation, if you make less than $79,000 your individual tax share will be less than $30.41 each year (8 cents/day). We all stand to get an enormous return on a very modest investment.
Now this is such a great opportunity, with such a dramatic beneficial return, it is clear to me that our brokers should jump on this investment.
Now, if I could just get my broker (my congressman) to return my calls.
William E. Cosgrove, Cottonwood Heights
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