Some of America's wealthiest individuals have declined billions of dollars in tax cuts bestowed upon them by President George W. Bush's administration and have urged others among the country's richest and most famous to donate their federal tax cuts to campaigns against the Bush package, often described as ''tax breaks for the rich.''
''It's obscene that Washington is handing out tax breaks to millionaires with one hand and shredding the safety net with the other,'' said Marta Drury, a member of Responsible Wealth, a national network of affluent Americans advocating what they term ''widespread prosperity'' and concerned that a deepening wealth divide in America is undermining the country's social and democratic fabric.
''So I'm calculating my 2004 tax cut and donating it to organizations fighting for responsible, fair, and adequate taxes. I don't believe that people like me with incomes over $200,000 need $69 billion in tax cuts,'' Drury added, referring to the total estimated value of 2004 tax cuts granted Americans in her income bracket.
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