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FOR IMMEDIATE RELEASE
MARCH 12, 2001
1:25 PM
CONTACT:  Feminist Majority
Julie Bernstein 703-522-2214 or 240-601-5562 (cell)
Working Women Left Out of Bush Tax Cut
 
WASHINGTON - March 12 - One third of the savings under the Bush tax proposal would go to the wealthiest 1 percent of taxpayers, while one third of taxpayers would receive less than $200 in tax relief. "It doesn't take a rocket scientist to calculate that the average working woman is getting virtually no tax cut while Bush's wealthiest friends will get the majority of the proposed $1.6 trillion cut," said Eleanor Smeal, president of the Feminist Majority Foundation.

According to the 1999 Population Survey by the U.S. Census Bureau, women have a median income of $26,324, compared to men's median income of $36,476. Under the Bush plan, the tax rate on the first $6,000 earned by single people and the first $12,000 earned by married couples drops from 15 percent to 10 percent. But the next tax bracket, $6,001-$27,050, representing 84 percent of women, gets no tax relief at all.

"Working women need tax relief most of all yet they are left out of the equation," continued Smeal. "I ask President Bush what is compassionate about helping the rich get richer and the poor get poorer?"

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