Who gets screwed with the new tax cut?

Something rdean said reminded me about the new payroll tax holiday Obama tacked on to the Bush tax cut extension.

Tell me rdean, if the Democrats are the champions of the little guy, why did Obama negotiate a special deal that would specifically screw the little guy over?

this chart tells the tale.

Making Work Pay Credit versus Social Security Tax Cut; Baseline: Current Policy; Comparison of Benefits by Cash Income Percentile, 2011

Consumer Reports Money & Shopping Blog: 51 million, mostly lower-income, will do worse under new tax law

Once again the Democrats betray rdean and prove they care more about people with money than people who work for a living.

 

The TRUTH is the Democrats knew that they had to get something passed as soon as possible. Once the Republicans take control of the house, it's "fuck America". This is why Obama didn't fight tax breaks for those making over a million a year. Anytime the middle class is losing money, Republican's Masters are getting it. It has to be somewhere.

You guys know the Republican leadership can barely stand to say the words, "Middle Class". What have Republicans done for the Middle Class in 20 years? That Bush tax break had 52% going to 1% of the country. The other 48% was "payoff" so the rest of America wouldn't squawk.

That "tax cut" turned out to be the greatest redistribution of wealth from the middle class to the top 1% in the history of the world. Remember, the rich can always "leave" and move that money "elsewhere". The middle class is stuck with the bill, Republicans made sure of that.

 

The truth is the Democrats hated this whole thing. The truth is they would rather have let taxes go up for everyone than not raise taxes on the rich. The truth is Obama is incapable of taking a position based on principles and holding to it regardless of the cost. The truth is that the payroll tax holiday is an idea that the Democrats like because it sounds like it helps everyone, puts money into the economy, and gives them a good feeling, when it actually hurts the poor whom they despise.

 

All I can say is that the Congress needs to get moving on a FLAT or FAIR tax...and this all becomes moot.

 

America. Period.

 

What "tax cut"?



Taxes have'nt been lowered have they?



All I see is a bunch of spending.

 

if the Democrats are the champions of the little guy, why did Obama negotiate a special deal that would specifically screw the little guy over?


The majority of the dems no longer represent the little guy. both sides have mostly sold out to corporate interests.

 

Im hoping that some sanity will be injected into Congress in January.

Maybe a pipe dream, but I can always wish

 

They have subjegated themselves to being nothing but power mongering whores.

 

Not raising taxes = tax cut