- Mar 16, 2012
- 59,388
- 17,697
- 2,180
So you demand more out of those who have the least to giveNo problem, the wealthier are indeed paying more than their fair share of taxes.
That's the way of the nobility! They take all and demand more from the serfs.
Total misrepresentation and lie. Nobody on the republican side has proposed a tax increase for the poor. The Democrats have not only raised taxes on those that make less, but made life a lot more difficult for them.
02/13/12
House GOP leaders drop demand that payroll tax cut be offset
House Republicans said Monday that they would offer a measure to extend the current payroll tax cut for the rest of the year, dropping a previous demand that the tax break be offset.
House GOP leaders drop demand that payroll tax cut be offset
THE TAX ON THE BOTTOM 98% OF US, WHERE WAS THE OFFSET DEMANDS FOR BUSH TAX CUTS? lol
August 24, 2011
The GOP demand for higher middle-class taxes
President Obama has been increasingly vocal in recent months about his support for an extension of the payroll tax break approved late last year, hoping that it would help boost economic demand. Congressional Republicans have also been increasingly vocal about their opposition — in effect, the GOP is pushing for a middle-class tax increase to kick in early next year.
I argued the other day that Republicans are probably bluffing — they want the same cut as Obama, but will only approve it if they can trade it for something else. I was promptly told by a variety of people that I’m wrong, and that the GOP is genuinely hostile to any tax breaks that don’t benefit the wealthy almost exclusively. I’m beginning to think those who called me out on this have a compelling point.
Harold Meyerson has a good take today on the larger context.
America’s presumably anti-tax party wants to raise your taxes. Come January, the Republicans plan to raise the taxes of anyone who earns $50,000 a year by $1,000, and anyone who makes $100,000 by $2,000.
Their tax hike doesn’t apply to income from investments. It doesn’t apply to any wage income in excess of $106,800 a year. It’s the payroll tax that they want to raise — to 6.2 percent from 4.2 percent of your paycheck, a level established for one year in December’s budget deal at Democrats’ insistence. Unlike the capital gains tax, or the low tax rates for the rich included in the Bush tax cuts, or the carried interest tax for hedge fund operators (which is just 15 percent), the payroll tax chiefly hits the middle class and the working poor.
And when taxes come chiefly from the middle class and the poor, all those anti-tax right-wingers have no problem raising them.
Do you consider these as "tax breaks"...i.e. "loopholes"?
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What about that gigantic tax deduction "loophole" that allows employers to deduct the health insurance premiums? $171 billion!
Maybe drop that onerous deduction employers take for pension contributions? $138 billion
Definitely mortgage interest deduction that will slap those evil corporations! $87 billion
OH and let's do away with the deductions to charities! People don't need no sticking charity deductions! $33 billion!
Right let's do away with the SS benefits paid to retired workers! $26 billion
Child Credit? My goodness why are we allowing parents to deduct the payments made to take care of kids? $24 billion!
And of course most middle class people they don't need those sticking deductions for capitals when they sell their home! $16 billion!
Over $495 billion in evil, ugly tax deductions, LOOPHOLES ! All that totally benefit the "MIDDLE" class and "POOR"! YEA do away with them all!
NO LOOPHOLES!
The Top 20 Tax Expenditures - Business Insider
But don't forget, Obama and the democrats are all about helping the middle class. And what a magnificent job they've done so far. Ha ha ha.