San­ders: Bud­get Cuts Hurt­ing Ver­mon­ters

Stanstead Journal - - NEWS - Burling­ton, VT

.S. Sen. Bernie San­ders (I-Vt.), a mem­ber of the Se­nate Bud­get Com­mit­tee, held a news con­fer­ence to­day to dis­cuss the im­pact of fed­eral bud­get cuts on Ver­mont.

San­ders was joined by - tor of South­east­ern Ver­mont Com­mu­nity Ac­tion, and Mar­i­anne Miller, Head Start di­rec­tor at Cen­tral Ver­mont Com­mu­nity Ac­tion Coun­cil. They spoke about the im­pact of across-the-board spend­ing cuts over the next decade, in­clud­ing

“We’re very con­cerned about the im­pact of th­ese cuts on the af­fected by cuts in ren­tal as­sis­tance, cri­sis fuel aid and other emer­gency as­sis­tance pro­grams that help keep fam­i­lies in their - led in Head Start in Ver­mont may be af­fected by bud­get cuts, Miller added.

Known as se­ques­tra­tion, the cuts could con­tinue for a decade un­less Congress agrees on a new bud­get. “At a time when mid­dle­class fam­i­lies in Ver­mont and across the coun­try are dis­ap­pear­ing, un­em­ploy­ment is sky­high and mil­lions of fam­i­lies are strug­gling eco­nom­i­cally, we can­not sim­ply cut, cut and cut,” San­ders said.

The Se­nate Bud­get Com­mit­tee this week is con­sid­er­ing a bud­get blue­print that San­ders said should cre­ate jobs, lower the deficit and pro­tect work­ing fam­i­lies. The com­mit­tee bill is ex­pected to be de­bated next week by the full Se­nate.

To bring down deficits, San­ders called for clos­ing tax loop­holes that let prof­itable cor­po­ra­tions and wealthy in­di­vid­u­als shel­ter in­come in off­shore tax havens. “We have got to elim­i­nate loop­holes in the tax code that al­low large cor­po­ra­tions and the wealthy to avoid

taxes ev­ery year by set­ting up off­shore tax shel­ters in places like the Cay­man Is­lands, Ber­muda and the Ba­hamas,” San­ders said.

The Wall Street Jour­nal to­day said its own analy - nies found that they parked year. A sep­a­rate Bloomberg anal­y­sis pub­lished Fri­day com­pa­nies ex­panded their un­taxed off­shore stock past year.

San­ders noted that cor­po­rate prof­its to­day are at an all-time high while cor­po­rate in­come tax rev­enue as a share of the over­all econ­omy is near a record low. “At a time when we have debt; at a time when roughly one-quar­ter of the largest cor­po­ra­tions in Amer­ica are paying no fed­eral in­come taxes; and at a time when cor­po­rate prof­its are at an all-time high, it is past time for cor­po­rate Amer­ica to con­trib­ute sig­nif­i­cantly to deficit re­duc­tion,” San­ders said. Brunswick as tem­per­a­tures and pre­cip­i­ta­tion will end up close to av­er­age.

A higher than nor­mal amount of At­lantic storms will threaten east­ern Con­fi­dence re­mains high that tem­per­a­tures will con­tinue to av­er­age warmer than nor­mal through­out much of far north­ern and north­east­ern Canada this Spring.

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