Just days after the Obama administration said it would not renew the Bush tax cuts that are set to expire at the end of this year, former presidential candidate and United States Senator Fred Thompson joined a campaign to oppose this decision.
Thompson combined his efforts with the League of American Voters—a non-profit that works to inform key policy issues that affect economic performance and national security—to launch a national petition to support a renewal and appears in the organization’s TV ad that airs nationwide.
According to the league, the increases will have an effect beyond just capital gains and dividend taxes and will affect taxpayers from all income brackets.
“A massive tax increase in the midst of the worst recession since the Great Depression would be cataclysmic to our nation’s broken economy,” said Bob Adams, executive director of the League of American Voters.
He added “It’s imperative for Americans to tell Congress and the Obama administration to stop this job-killing tax increase now.”
Adams also said that interested individuals can visit the Renew The Tax Cuts website to sign the petition.