Psst, Taxes Will Go Up In 2013 For 163 Million Workers...

Discussion in 'Politics' started by paulitician, Oct 21, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,137
    Trophy Points:
    1,130
    Ratings:
    +11,976
    Obviously the MSM & Obama ain't touching this one. But surprisingly, Romney isn't either. So which Candidate do you believe will best address this coming nightmare?


    President Barack Obama isn’t talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election.

    A temporary reduction in Social Security payroll taxes is due to expire at the end of the year and hardly anyone in Washington is pushing to extend it. Neither Obama nor Romney has proposed an extension, and it probably wouldn’t get through Congress anyway, with lawmakers in both parties down on the idea.

    Even Republicans who have sworn off tax increases have little appetite to prevent one that will cost a typical worker about $1,000 a year, and two-earner family with six-figure incomes as much as $4,500.

    Why are so many politicians sour on continuing the payroll tax break?

    Republicans question whether reducing the tax two years ago has done much to stimulate the sluggish economy. Politicians from both parties say they are concerned that it threatens the independent revenue stream that funds Social Security.

    They are backed by powerful advocates for seniors, including AARP, who adamantly oppose any extension.

    “The payroll tax holiday was intended to be temporary and there is strong bipartisan support to let that tax provision expire,” said Sen. Orrin of Utah, the top Republican on the Senate Finance Committee. “The continued extension of a temporary payroll tax holiday has serious long-term implications for Social Security and, frankly, it’s not even clear that it has helped to boost our ailing economy.”...

    Read more: Taxes will go up in 2013 for 163 million workers | The Daily Caller
     
  2. buckeye45_73
    Offline

    buckeye45_73 Lakhota's my *****

    Joined:
    Jun 4, 2011
    Messages:
    16,997
    Thanks Received:
    1,750
    Trophy Points:
    280
    Ratings:
    +6,092
    yep.....I love these liberal programs.....do liberals ever think of anything long term.....these people are retarded
     
  3. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,137
    Trophy Points:
    1,130
    Ratings:
    +11,976
    This will be devastating. The MSM should be reporting on this more.
     
    Last edited: Oct 22, 2012
  4. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,171
    Thanks Received:
    9,360
    Trophy Points:
    2,030
    Ratings:
    +24,621
    Hey, dipshit. Google "fiscal cliff".

    It's been in all the papers.

    Maybe if you stopped reading the Daily Nutter you would know this.

    .
     
    Last edited: Oct 22, 2012
  5. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,171
    Thanks Received:
    9,360
    Trophy Points:
    2,030
    Ratings:
    +24,621
    What is the Fiscal Cliff?




    .
     
    • Thank You! Thank You! x 1
  6. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,137
    Trophy Points:
    1,130
    Ratings:
    +11,976
    So which Candidate do you think will best address this coming nightmare?
     
  7. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,171
    Thanks Received:
    9,360
    Trophy Points:
    2,030
    Ratings:
    +24,621
    Obama will be President when the fiscal cliff arrives. It arrives before Inauguration Day.

    So Obama is the ONLY candidate that will be dealing with it.

    He and the current Congress.

    Nothing of substance will be achieved until after Election Day. And it will be very, very ugly, with media prognostications of impending doom and disaster and wild stock market flucuations with every minute-by-minute report.

    All the ditzy mainstream news channel talking heads will bloviate like they have never bloviated before.

    Stock up on popcorn.


    .
     
  8. OKTexas
    Offline

    OKTexas New Life Member of the NRA 12/15 Supporting Member

    Joined:
    Sep 13, 2012
    Messages:
    24,167
    Thanks Received:
    3,764
    Trophy Points:
    290
    Location:
    Near Magnolia, TX
    Ratings:
    +11,301
    Only thing that will be devistated is the Social Security program, it was nothing but a political gimmick to begin with, that deprived the program that everyone thinks is sacred of much needed funds. If you want the program, it has to be paid for.
     
  9. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,171
    Thanks Received:
    9,360
    Trophy Points:
    2,030
    Ratings:
    +24,621
    If Obama wins, he will raise taxes on the rich. Maybe not by January 1, but he will get it done, even if he has to wait until after the new Congress is sworn in.

    If he wins the election, he will have a huge power chip to play.

    If he loses the election, he's a lame duck and will roll over like the Costa Concordia.

    .
     
  10. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,171
    Thanks Received:
    9,360
    Trophy Points:
    2,030
    Ratings:
    +24,621
    Exactly.

    There is nothing more dangerous to the future of our country than when an emergency measure is passed to get through a crisis, and then someone says, "We should do this all the time!"

    This is a common feature of politicians of every stripe.

    The payroll tax cuts need to expire.

    .
     
    Last edited: Oct 22, 2012

Share This Page