Recent tax increase on the 2 percent

[gatormike51]

At the time this was passed, little known was that the 2% payroll tax cut was expiring. According to the Congressional Budget Office. The repeal of the 2% payroll tax cut will raise $138 B in new revenue in 2013. The tax increases on the Two percent will raise only $62 B in 2013.

If my math is correct the tax increase on working stiffs is twice as much as the ultra rich.

Watch what Obama does, not what he says.

If you get your news from ABC, CBS, NBC, CNN (unless you want to know the latest on the celebrity stars) or MSNBC, you are getting no news at all and you are being sucked into the leftist talking points.

[trekcid]

That could be accurate, I read somewhere that taxes went up on 77% of Americans.
There are 23 or so taxes in the affordable health care Act. I love that title. My families
insurance has gone up 50% in the last 3 years and we hardly reach the annual deduction
each year. The idea of health care cost going down is a big joke .

[fredsanford]

Only in Fox world is the expiration of a temporary cut an increase.

[g8orbill]

BS shab- you libs have used pubs wanting to cut out the automatic increase that is built in every line item in the budget due to baseline budgeting as pubs wanting to cut SS and medicare

[gator0254]

Originally Posted by fredsanford

Only in Fox world is the expiration of a temporary cut an increase.

Funny - that is exactly the same situation as the Bush tax cuts - a temporary set of cuts (which have been renewed multiple times).

The Democrats characterized those as a tax increase

Sauce for the goose - glad you came out on record that that is not a tax increase

[jimgata]

Obama trying to take credit for the Bush tax cuts. The left demonized Bush for everything. What has Obama done differently. Gitmo still open, Bush tax cuts now save the economy, personal liberties are being trampled.. One change, the drone strikes have now killed 2500, how many were children, Obama?
Pay attention to what Obama does instead of what he says. I don't think he knows what he says day to day.

[brainstorm]

Originally Posted by fredsanford

Only in Fox world is the expiration of a temporary cut an increase.

It was less. Now it's more. It feels like an increase. But maybe it's not.

[gatordowneast]

Was it Emerson who said, "What one does thunders so loudly, I cannot hear what they say?" Me thinks this applies to Obama on virtually every issue. No need to turn on the sound...look at the action. This clown is destroying America with the backing of the mooches, slackers and misfits and the libbie, lefty, Prius driving, Birkenstock wearing granola crunchers that enable the "something for nothing" crowd.

[108]

if the tax cut paid for itself it would be one thing, but the lost revenue is going straight to the credit card

[QGator2414]

I just wish they would actually address the benefits side of the FICA equation...

[MichaelJoeWilliamson]

Originally Posted by 108

if the tax cut paid for itself it would be one thing, but the lost revenue is going straight to the credit card

Indeed. We need a lot more spending cuts

[DaveFla]

Well. At last, once and for all, it proves that the tax cuts were not just for the wealthy as many on the left had claimed for the past 10 or so years.

Now, don't you feel foolish after parroting that lie for so long?

[llm85]

Well, if it's not a tax increase now then it can't have been a tax cut when it was implemented.

[108]

Originally Posted by MichaelJoeWilliamson

Indeed. We need a lot more spending cuts

so that's it...anytime a temporary tax cut is needed, don't raise it back?

[PIMking]

Originally Posted by 108

if the tax cut paid for itself it would be one thing, but the lost revenue is going straight to the credit card

I have to agree with this. (now we need to all go into our bomb shelters because the world is going to end)

[neisgator]

Originally Posted by fredsanford

Only in Fox world is the expiration of a temporary cut an increase.

Fox World?

You mean the real world?

[dangolegators]

Actually, it was Reagan and Bush 1 who raised the payroll tax to its current level. Obama temporarily decreased it to help stimulate the economy. So you guys should be complaining about Reagan and Bush 1 rather than Obama.

[QGator2414]

If one wanted to stimulate or create jobs for the economy as was the reason for lowering the payroll tax they should have lowered the employer portion.

Now we need to address the real problem "benefits" so we can get our future generations having similar liabilities to those receiving SS benefits now and create a "safety net" instead of a burden on our kids...

[bluelang]

The assertion that the payroll tax holiday was sunsetting was "little known" is completely ridiculous.

[fredsanford]

Originally Posted by neisgator

Fox World?

You mean the real world?

No, the place that told lemmings that Romney was winning in a landslide--the alternative reality that pubs prefer.