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This will take $1000 out of the pockets of working men and women in this country.
1 republican voted for extending the tax reduction and three democrats voted against it. All but one Republican voted against giving on average $1000 for working men and women in this country.
What the Huff Post article fails to report is the second vote
Quote:
In a surprising result, Democrats and more than two dozen Republicans voted 78-20 to kill the $120 billion GOP alternative that would have simply extended the existing 2 percentage point payroll tax cut, financed by freezing federal workers' pay through 2015 and reducing the government bureaucracy.
It was temporary. We'll just go back to what we had a mere 11 months ago.
Should be NBD.
You mean on average $1000 in our pocket. Sorry, I like the $1000 I had 11 months ago. Republicans are so quick to take from the middle class but dead set against taking anything from the people who can afford it the most. Lets see how quick they are to let the Bush tax cuts expire, which benefits the rich disproportionately.
We need permanent, not temporary, tax reductions. Anything so temporary isn't going to do much good for the economy. Perhaps these Republicans understand that?
Good cite. The Democratic plan would have given on average 1500 back to working americans and the republican plan would have given 1000 back and they both differed on where the money to pay for it was going to come from.
Interestingly, almost half of the Republicans did not support the republican plan. There is some real division in the Republican party.
You mean on average $1000 in our pocket. Sorry, I like the $1000 I had 11 months ago. Republicans are so quick to take from the middle class but dead set against taking anything from the people who can afford it the most. Lets see how quick they are to let the Bush tax cuts expire, which benefits the rich disproportionately.
If the Bush tax cuts expire, all taxes will be raised, even those on the lowest income. So, while the argument is made that the rich benefit most from the tax cuts, wouldn't the converse be true? That the lowest incomes are impacted the most by the expiration of the Bush tax cuts? After all, they would be going from 10% to 15% and the new 10% group would be eliminated, with the lowest income tax bracket at 15%. Seems like, if the you didn't want to raise taxes on the poor and middle class, you would be in favor of the Bush Tax Cuts.
Here's a good summary of all the changes from Bush Tax Cuts.
Good cite. The Democratic plan would have given on average 1500 back to working americans and the republican plan would have given 1000 back and they both differed on where the money to pay for it was going to come from.
Interestingly, almost half of the Republicans did not support the republican plan. There is some real division in the Republican party.
If the Bush tax cuts expire, all taxes will be raised, even those on the lowest income. So, while the argument is made that the rich benefit most from the tax cuts, wouldn't the converse be true? That the lowest incomes are impacted the most by the expiration of the Bush tax cuts? After all, they would be going from 10% to 15% and the new 10% group would be eliminated, with the lowest income tax bracket at 15%. Seems like, if the you didn't want to raise taxes on the poor and middle class, you would be in favor of the Bush Tax Cuts.
Here's a good summary of all the changes from Bush Tax Cuts.
Oh I am in favor of keeping the tax cuts for the poor and the middle class but not for the wealthy, but if they will not agree on that...let them all expire.
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