Monday, December 27, 2010
(Yale), Robert Hockett
(Cornell), and Daniel Markovits
(Yale) have launched Give It Back for Jobs
, which encourages people to donate to charity the amount of money they will save from the extension of the Bush tax cuts:
America’s shared prosperity is under threat. Even as the Great Recession devastates the American middle class, the wealthy continue to prosper.
The tax cut deal, while perhaps the best the President could get, will not end this crisis of American democracy. It does too little to help the middle class. And it expects too little support from those who can afford to give the most. Ordinary citizens can, by acting together to create a shadow fiscal policy, correct this failure of government and set the country moving toward a just prosperity.
Here’s How. How Americans who have the means should collectively give back our Bush tax cuts by making donations to organizations that promote fairness, economic growth, and a vibrant middle class. Such joint action, by all visitors to this site, will begin to replicate good government policy, outside the government and free from the grip of obstructionists within it. Because contributions to all of the selected charities are tax deductible, donations made through this site draft the government as a partner in funding the projects that they support.
We can, in this way, begin to redeem candidate Obama’s promise that “we are the ones we’ve been waiting for.”
The site allows users to calculate their savings from the extension of the Bush tax cuts using the Tax Policy Center's methodology. The site allows users to donate the savings to one of four charities:
Of course, a more direct way to give back the Bush tax cut savings would be to give the money to the U.S. Treasury. Here are the voluntary contributions received by the Government under this program:
For further discussion of Give It Back for Jobs, see: