Groups to Discuss Effect of Proposed Surcharge On Ordinary Taxpayers

Citizens for Tax Justice, USAction, Wealth for the Common Good to outline how
House proposal could help fund health care reform without taxing 99 percent of
Americans

Citizens for Tax Justice, USAction and Wealth for the Common Good will hold a
press conference at 11 a.m. Tuesday, July 14 to release a new report that
examines the policy implications of a surcharge on the income of the
wealthiest one percent of taxpayers.

The report, prepared by Citizens for Tax Justice, endorses the Ways and Means
Committee proposal to apply a one percent surcharge for married taxpayers with
an adjusted gross income (AGI) of $350,000 (or $280,000 for individuals); a
two percent surcharge for married taxpayers with AGI of $500,000 (or $400,000
for individuals) and a three percent surcharge for married taxpayers with AGI
of $1 million (or $800,000 for individuals).

The report will include comprehensive, state-by-state information stating the
average impact on taxpayers at different income levels. In Alabama, for
example, only 0.9 percent of the state's population would pay the surcharge.
Nationally, the surcharge would raise $540-$550 billion to fund quality,
affordable health care for all, including a public health insurance option.

On Tuesday, reporters will be able to view a copy of the report here:
http://www.ctj.org/payingforhealthcare.htm

Who: Alan Charney, Program Director, USAction
Robert McIntyre, Director, Citizens for Tax Justice
Eric Schoenberg, Former partner of NYC investment bank and member of Wealth
for the Common Good

When: 11 a.m. EDT Tuesday, July 14

Call-in number: 1-888-955-5369 Passcode: 420284

CONTACT: David Elliot, USAction Communications Director, +1-202-263-4567,
+1-202-607-7036 (cell)

/PRNewswire-USNewswire -- July 13/

SOURCE USAction