Skip to comments.Why Not Cut Income Tax Rates To Give Everyone An Extra Forty Dollars a Week?
Posted on 12/22/2011 1:30:46 PM PST by raybbr
I have been listening to a lot of debate on the radio about the payroll deduction cut. I just recently heard the Won on the radio going on about how some guy will miss his pizza night.
Why can't Boehner and McConnel, instead, come out and say, "We'll cut the income tax rates by 2 percent and reinstate the payroll tax rate so Social Security can remain funded and K.Z. can still have his pizza night with his daughters.
Better yet, we'll cut the income tax rate 4% and they can have pizza night twice a week."
Why do they let the dems consistently out maneuver them on the tax issue?
Amen raybbr. I agree.
Psst-—the KISS method of doing anything in this present day government would be mocked by our elitist, elected know it alls.
Because the 48% who pay no federal income tax won’t get any of the pay to vote Democrat money.
Why not cut gasoline and diesel fuel taxes to let everybody get some of their $4K back?
Because Republicans are idiots.
Because most Democrat voters don’t pay any income taxes.
The rationale for the payroll tax cut is that it incentivizes hiring, and will help unemployment. The Obama/Keynesian view of an income tax cut is that people will probably just save that money, or use it to pay back debt. I totally disagree with their view, but that’s why they want it. Most republicans in congress don’t know enough about economics to understand why they should disagree, so they go along with it.
Seen the price of Pizza?
Twice a week for the family pizza night, and you'll be in the hole $40.
They still get the tax taken out of their paycheck.
So true. It’s been the obvious solution all along. Make it permanent and it’s better for the economy too.
Never forget the new tax on real estate transactions written into this raid on social security.. disguised as a ‘tax cut’. It seems we are loosing the war on language because few are calling this what it is.
Because THAT would imply that there was common sense in DC... which is science fiction at this point.
Why not a tax plan where the first 50,000 of income is tax free and any additional is taxed at a flat rate of 10%?
Make 20k a year no taxes
make 60k get taxed on 10k and only pay 1k.
Make a billion get taxed at 10% on 999 million 950 thousand.
It would be too simple for the useless bureaucrats and they would be out of a job.
Exactly. AND it would create a reduction in tax revenues for them to use to save endangered beetles and to buy obscene “art” to put in government buildings. By taking it out of SS deductions, it does not affect the federal income tax revenues, AND it benefits even those who do not pay federal taxes.
Why not do away with the income tax entirely and give everyone their ENTIRE paycheck forever?
There was a small business owner on Cavuto’s show a few minutes ago ,he has 15 employes and 14 of them never even knew that they were getting a tax cut over the past ,what year
It's not about a payroll deduction cut.
The First Moron wants to be the first president in history to go 4 years without an official budget.
No budget, no accounting, no oversight, he can go ahead and crank up a 30,000,000,000,000 national debt.
Because the government doesn’t GIVE taxpayers anything. It takes. If they are really in a good mood, why not just print a million bucks for everybody and let us all pay off all our bills and mortgages and by a new car? If we do it fast enough, we’ll be out of debt and in new rides before inflation has a chance to get us!
I’m sure the dumb working fools that are crying about having to pay $40 in social security taxes will understand when there is no money for their social security checks when they retire. By then there will be no more rich to tax and subsidize their lives.
because the target audience of Obama pays no income tax and they still want their refund from his stash
America’s communists Democrats including King Obama win again.
Little Caesar’s Pizza has $5 carryout for the large 1-topping pizza.
You plan is not acceptable because Ubama wants to reward those people who pay NO income taxes, but may pay SOME payroll taxes. He does NOT want to benefit the “rich” who DO pay income taxes!!!
Oh sure...Your going to have family pizza night for 5 bucks.
What a hoot!
I just about died laughing over that one.
Tuesday night at Pisa Pizza in Malden has Two for One Night.
Why shouldn’t everyone pay their fair share? Where does the idea that the government would give us $40? What if they took say $1000 less?
This is not federal income tax it is the Social Security Tax percentage from 6.2 to 4.2 percent. Everyone who has taxes taken from them pays this percentage including the 47%. I wish income tax was only 4%.
Because if a cut in income tax results in a revenue loss then it will show up in the yearly budget deficit. Cutting the Social Security, which is a separate account from the budget, allows the thieves on both sides to continue playing monkey business with the Social Security account by just stuffing it with more IOUs (aka Treasury bonds with interest).
Anybody that has a job/paycheck has to pay FICA.
It’s not like the Social Security System is rolling in unspent cash.
1.Should have PROTECTED Social Security. Elderly have already had billions stripped from Medicare and are mad about it. Elderly population is growing as baby boomers retire, and elderly voters show up.
2. Obamanomics has destroyed jobs. Millions of Americans would like to have a job. Obama’s solution is to help Americans making $100,000 more than the “working poor” or those who are desperately searching for a job.
Everyone could use some extra cash. Cut Government salaries and send it out to the every legal house hold.
One can't get something for nothing forever.
They could always move to Venezuela/Cuba/Zimbabwe.
Who can afford pizza night once a week anyway? If it were a Repub tax cut they would be talking about a muffler on a Lexus, what phonies.
Yes, why did the House Republicans Cave to President Obama?
If the RINO establishment gets its way we won’t be seeing tax cuts (at least for the job creators) since Milquetoast Mitt only favors cutting taxes for the middle class.
Because you can not "justify" a cut SS benefits because "you did not pay in as much" if it is an "income tax cut."
An "income tax cut" will show as decreased general revenue, whereas a SS payroll cut is not supposed to affect general revenue because of the myth that it is separate.
In reality it is nothing but IOU's...
I guarantee that within months of such a policy being implemented Taxes and Spending will drop dramatically OR there will be lots of new Congresscritters walking around Washington after the next election!
With all due repsect, someone seems unfamiliar with the concept of “unbridled government greed.”
Maybe that will occur to them at the end of the two month deal that was just worked out.
These Republicans are pathetic. Always outmaneuvered.
Who would that be?
Oh, dear, raybbr. As great of an idea as that is, it’s far too good. Because you know Obama is never going to allow any kind of an income tax cut.
As to why the Republicans get out maneuvered, it’s because they aren’t principled. If you’re principled, you don’t get out maneuvered.
It is not nor was it ever a 40 dollar per paycheck across the board break, but the propagandists in the Democrap party and their willing accomplices in the media were very happy to allow people to believe that it was.
The “40 dollars” was based on a household income of $50,000 and an annual savings of “nearly $1000”.
50,000 X 0.02 = 1000.
If you get paid every twice a month you would take home $41.67 per check.
The problem is everyone is not making $50,000 and isn’t paid on the same payment schedule.
So all over Twitter and other places you had people making minimum wage, or part time workers or people making considerably less than $50K thinking they were going to “lose $40 per paycheck” if the rates went up.
I spoke to a kid I know this afternoon that has worked part time since August and has earned just over $4000. He was scared that his taxes were going to rise by $40 per week. I explained to him that had the higher withholding been in place since he started working he would have payed just $80 more over the entire 4 months, nowhere near $40 per paycheck.
Most of obama voters don’t pay any income tax and/or get “Earned Income Tax Credit”.
People that pay income tax don’t need a stupid $40 dolar tax break.
Clearly, anyone suggesting the government might wish to cut taxes.
Good point. What a sad state we are in.
Okay, I get it now. Good one.
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