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Biden administration moves to protect Alaska wilderness; opening statements and first witness in NY trial; SCOTUS hears Starbucks case, with implications for unions on the line; rural North Carolina town gets pathway to home ownership.

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The Supreme Court weighs cities ability to manage a growing homelessness crisis, anti-Israeli protests spread to college campuses nationwide, and more states consider legislation to ban firearms at voting sites and ballot drop boxes.

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Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Federal Tax Cuts Near Expiration Date: 150,000 plus NV Families Impacted

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Wednesday, June 30, 2010   

LAS VEGAS, Nev. - It's no secret that times are still tough in Nevada, and they soon could get tougher for about 152,000 families who are making ends meet with the child tax credit that is part of the current economic recovery plan. It's up to Congress to decide the fate of that break and other federal tax cuts, which are soon to expire.

Today, members of the Nevada delegation are getting some detailed advice. Jon Sasser, chairman of Nevada Lawyers for Progessive Policy, says it will be make-it or break-it time for those families if Congress fails to extend the tax credit.

"A parent working for minimum wage and raising two kids would see their tax credit cut from $1,725 a year down to only $250."

Nearly 50 groups and influential Nevada citizens signed on to a letter that is being sent to the Nevada Congressional delegation today, urging them to make the child tax credit and certain other low- and middle-income tax breaks permanent.

Some Republicans and conservative Democrats favor extending tax cuts for the wealthy, because they say doing otherwise could result in big tax increases that could endanger the economic recovery. Sasser disputes that and says those big tax breaks for the wealthy are ballooning the national deficit.

"If Congress extends the tax cuts for the top 2 percent of U.S. households, the deficits and the debt will be $826 billion higher over the next 10 years than they would be if Congress lets them expire."

Sasser says Congress needs to draw the line and should extend breaks for those who most need the help and whose spending habits most help the economy.

"The Congress should make permanent some tax cuts for moderate- and low-income, working individuals because our economy continues to need stimulation."

Congress is expected to start taking up the federal tax breaks after the 4th of July recess.


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