Replies

Well, they do outnumber us for income taxes, with only about 50% of workers paying any taxes at all.

They DO pay social security taxes though — which is probably why there’s a social security tax cut in the bill. Which is another STUPID idea. It’s another of Obama’s “slow pay” ideas like his change in withholding last year, which nobody notices so they don’t spend the money, but it costs just as much, and in this case makes Social Security LESS solvent.

I’m still finding very little to like about this bill. In its BEST features it only extends what we already have. In SOME it makes us pay marginally more in taxes, and it has the disastrous unemployment extension, NOT PAID FOR.

We lost the messaging war when we argued that “you can’t raise taxes IN A RECESSION”. We shouldn’t raise taxes AT ALL, but now we will do this all again in 2 years when supposedly we’ll NOT be in a recession, and nobody will think twice about soaking the rich. The rich just don’t have a large voting block.

If the rich had gotten soaked NOW, we’d have two years of horrible growth numbers that would prove how bad the idea was, and we’d win the white house easily. Now Obama gets the benefit of not raising those taxes, and can raise them after his re-election when he doesn’t care about the economy anymore. If we DON’T win the white house, he’ll VETO and attempt to make those tax cuts permanent.

And we got stuck with a TEMPORARY change to the death tax. The appeasers are saying how great that is, but so far as I can tell, we could have had the 33% on 5 million deal, PERMANENTLY, 4 years ago if we had wanted it.