More Republican extortion tactics.

Discussion in 'Economy' started by justathought, Dec 16, 2011.

  1. justathought
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    justathought Member

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    What does energy independance have to do with payroll taxes? They are two separate issues. Only the Republicans would raise taxes on working class Americans while they continually say they are against taxes. Then they move to combine unrelated issues as the only answer. I call that extortion. Isn't their going to be a savings from ending the Iraq war? By the way, I'm pro pipeline!
     
  2. justathought
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    justathought Member

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    I hate when I agree with Boehner. That's a lot of arm wrestling to have to do it again in two months.
     
  3. justathought
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    justathought Member

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    Must be nice to go on vacation with other peoples money. Do these people not understand thier salaries are from tax revenue. No wonder they don't want to stay for payroll taxes to remain lower. These democrats want a raise. We need a list of who went home.
     
  4. whitehall
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    whitehall Gold Member

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    There won't be any payroll unless we lower the price of energy. What is it with lefties? Talk about being short sighted. They think the solution to their problems is a couple of bucks in their pockets for eight weeks? What a bunch of fools.
     
  5. justathought
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    justathought Member

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    Yeah, let's keep the Opec monopoly going and save the frogs in Nebraska. No oil from Canada.
     
  6. justathought
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    justathought Member

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    Taxes for the new year is not the way to getting elected. At least with the two month extension you have some job security and something to do when you get back. 2012 could be great for the economy if you do this along with the COLA injection.
     
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I'm just not getting this. President Obama and the dems insisted on extending the payroll tax cut, pounded on the table, gotta do it. So the GOP passes a bill in the House to dothat for the 12 months, but they added the XL Pipeline in there. In essence both are jobs related, measures to add jobs albeit in different ways. But even so, all the Senate had to do was strip that part out and send it back to the House.

    But instead they only extend the tax cuts to 2 months, which makes it very hard to implement, especially for small businesses, and IMHO actually harms or minimizes the chances of achieving the main goal of encouraging employers to hire somebody. I mean c'mon, who's going to hire somebody based on a 2 month tax holiday? I'm not sure they'll hire that many people even if they had done the entire 12 months, cuz it's only temporary, but 2 months is ridiculous.
     
    Last edited: Dec 22, 2011
  8. American Horse
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    American Horse AKA "Mustang"

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    Since the so called payroll tax cut is a suspension of the collection of contributions to FICA which is the sole funding system for Social Security and Medicare, the suspension amounts to a RAID on those two programs. The idea that doing that will promote new employment is a farce, since no potential employer sees it as anything more than a temporary gimmick.

    The republicans see clearly that promoting new tax payers (the pipeline equals 250,000 new jobs) to support the losses of funding is the only logical way of correcting that shortfall, other than paying for it from the general budget or some other job depressing measure.

    One wonders if the average citizen who is a taxpayer even understands what "PAYROLL Taxes" actually are. Do you?

    Payroll taxes are not "withholding taxes" for the federal income tax. They are "Contributions" to the individual's SS account, and there are two US senators who are liberals. Tom Harkin Democrat, and Bernie Sanders Socialist who see this as a threat to SS and Medicare, and see it for the gimmick it is.
     
  9. edthecynic
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    edthecynic Censored for Cynicism

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    BULLSHIT!

    Unless you are adding in the jobs needed to clean up the oil spills.
     
  10. American Horse
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    American Horse AKA "Mustang"

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    There are presently 625,000 miles of pipelines moving gas or oil inside US borders and they are relatively accident free. The pipeline in question will add another 2,500 miles plus spurs; how's that such a huge risk?

    I can recall back in '68 a 15" N-Gas pipeline came through our county and of course it spurred the local economy. Some peripheral attendant businesses set up as it built through and remained after the base work was done, including engineering. mapping, surveying, and exploration for other natural resources. Our NG prices came down for customers as our local supplies increased.

    A pipeline of the size and length of the Keystone XL will have construction going on at numerous legs along its route, and will require lots of attendant services, production facilities, aggregates from local quarries, trucking, heavy equipment from local operators, and much more.

    It's a hard fact that more than 25,000 direct jobs will be created and a reasonable stimulative effect would be ten times that which would be stimmed up. Even the need for legal work, easements, and deed instruments would be massive and put some people who lost their jobs when real estate went south back to work.

    The president wants this issue to remain in limbo because as long as it does he gets political contributions from the Green interests AND the oil interests. When he goes either way for him the loot stops from the losing side.
     
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    Last edited: Dec 22, 2011

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