Obama tries to turn the tables on GOP with call for tax cut extension

The Hill ^ | 8/14/11 | Russell Berman and Bernie Becker

[Uncle Miltie]

If an extension of tax cuts is good, then permanent is better.

Raise the ante.

[yup2394871293]

Further tax cuts? They should be paid for with equivalent, immediate spending cuts using Obama’s own logic. Smoke him out.

[Lancey Howard]

Wait. What?
The Republicans would be fools to not only call Ubanga’s bluff on this, but to double down.

[Lancey Howard]

Further tax cuts? They should be paid for with equivalent, immediate spending cuts using Obama’s own logic. Smoke him out.

Further tax cuts? They should be "paid for" with equivalent, immediate spending cuts using Obama’s own logic. Smoke him out.

Fixed it for you. Accuracy counts.
You have an excellent idea there, by the way.

FRegards,
LH

[vbmoneyspender]

There are people receiving unemployment benefits who could find work if they wanted to. If you consider telling that truth an insult, so be it.

[vbmoneyspender]

Here is an example of what I am talking about from Instapundit.

Reader Isaac Vavra emails: “I’m a 20 year old who works at a McDonalds and saved up enough money this year to travel throughout South America. I met a kid in San Jose, Costa Rica: He is in his 20′s, he got laid off from his job with Medicare, and is now living down here in Costa Rica. He says he has enough to stay for five years. He is collecting unemployment and just withdraws the money in Costa Rica.”

I don't know what you call collecting unemployment benefits in Costa Rica - but I call that being a deadbeat.

[RIghtwardHo]

Amen. And boy can they lick.

[ApplegateRanch]

>>This jerk doesn’s even know what FICA is.

Federal Immigrant College Assistance?

Fund for Improper Congressional Activities?

Funding Improvements to Community ACORNS?

(Just a moment while I ask TOTUS how I'm supposed to respond....)

[BobP]

His Drive America under the Bus Tour is going to make him look even smaller than he is. Then off to Cape Cod, nice campaigning.

Pray for America

--------------------------

Everything this Jackwagon President does just grows the Tea Party more!

All he can do now is lie about the economy.

Barack 'Jackwagon' Obama's Misery Bus Tour

[Cobra64]

I think you nailed ‘em. Great sense of humor, thanks. :)

[Always Independent]

It all depends on the Senates view, the pubs should be able to clear any demon challenge in the house and they should call for permanent inclusion of the Bush tax cut.

[BruceS]

The president wants the tax cut extended along with unemployment insurance benefits, and has warned that if Congress fails to do so, “it could mean 1 million fewer jobs and half a percent less growth.”

To me this means that they are projecting fewer jobs than they expect and lower growth than they expect. So they want to be able to blame it on Republicans. Never try to solve the problem, just try to assign blame when your solutions make things worse.

[ballplayer]

Its not a Tax cut its cheating Social Security out of its Money

[MontaniSemperLiberi]

The payroll tax cut is three times as large as the Bush tax cuts and has done nothing for the economy.

[q_an_a]

how the heck do you pay for a failing social security when you don’t collect the money?

[Libloather]

Throw it right back in the Dem's faces by demanding PAYGO.

From what I hear, that plan is still officially in effect. Where? I don't have a clue.

[Marine_Uncle]

RE: "Republicans if they had guts would admit that SS is funded with issuing new US debt because of this tax cut."
Of course both sides of the political house are to blame for most all our ills coming to past.

[okie01]

This FICA cut had got to be the stupidest tax cut of all, esp compared to other possibilities.

If Obummer were serious about cutting FICA taxes to "help the economy", he would recommend a cut of the employer's share rather than the employee's share.

Reducing the cost of employment might actually serve to increase hiring.

[sickoflibs]

RE :”If Obummer were serious about cutting FICA taxes to “help the economy”, he would recommend a cut of the employer's share rather than the employee's share.
Reducing the cost of employment might actually serve to increase hiring.”

I posted that same view in December an many times since.

Cutting FICA which was obviously Obama’s idea like his “Making Work Pay tax credit’ and the 2008 Bush-Pelosi stimulus tax credit just plays to the Democrat idea that voters can be distracted from the nations dire circumstances with a small bribe.

[newzjunkey]

“We remain gravely concerned that yet another, unacceptable cut to Social Security’s revenue stream appears to be on the table..."

We have a winner! The payroll tax holiday--it's not a tax cut as much as borrowing from Social Security because, by law, the missing Social Security revenues MUST be repaid with general tax revenues--has not created one new job.

It's all been on the employee side, the employer is still paying the same old rates. It didn't lower cost of hiring new workers or retaining existing ones.

It's phony baloney gimmicky nonsense. It looks good for people already working because their paychecks are slightly higher but it's useless to the unemployed masses.