I think I need to amend what Lady Thatcher said, with all due respect for the Iron Lady: The problem with socialism is that sooner or later they run out of other people’s grandchildren’s money.
“While the tax package that Congress passed New Year’s Day will protect 99 percent of Americans from an income tax increase...”
...uh, WRONG! Tax cuts expired, therefore taxes increase. I wish I had 50% of the nation, including the press, under my thumb to cover for me 24/7 like the Kenyan.
On January 1, regardless of the outcome of fiscal cliff negotiations, Americans will be hit with a $1 trillion Obamacare tax hike.
Obamacare contains twenty new or higher taxes. Five of the taxes hit for the first time on January 1. In total, Americans face a net $1 trillion tax hike for the years 2013-2022, according to the Congressional Budget Office.
http://www.atr.org/trillion-obamacare-tax-hike-hitting-jan-a7393
The nearly half of American who don’t pay income tax will just keep talking on their free Obama phones while they collect their government checks and could care less abut how the rest of the country just got screwed.
“That’s because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.”
When Social Security is already headed towards ruin (like SS or not), it was foolish to stop withholding the correct amount for it. I am glad they have restored the withholding....it was a BAD Obama idea to begin with. The temporary “holiday” on it only weakened the fund and did NOTHING to help the economy.
“That’s because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.”
Another in a long line of things Mr Obama would do, that normal people would not. Consider the cost to SS? Why, when your plan is to destroy it. Not a whimper from the left, when the program was essentially CUT with the payroll tax reduction. Same with the 500 billion cut from medicare. Not a peep from the people on the left.
Had any of this been done by Republicans, anyone with half a brain could picture the result. In fact all of this has been reality in the administration of W and the screams of anguish were heard loud and clear in the halls of Congress.
This little gimmic should have never happened in the first place.
Waiting for the first Democrat to tell us that the Social Security tax is an “investment”.
The Commune Tribute of the unconstitutional Obama’care’ Tax will be paid by all Americans this year.
Obama’s Commune MUST be fed!
ANYONE who works for a living and not for the government is screwed.
There is NO fairness; it's all about taking from the Haves, and placating the Have-Not's.....buy ammo.