Republicans are so foolish. They give Obama credit for “taxing the rich” and “middle class tax cuts” while they allowed payroll taxes on working families to go up $1 trillion.
They have no sense. Meanwhile Obama still attacks them. How do they think they can win the mid terms like this?
This is awful - it fortifies the lefty position of offering goodies to folks that have no skin in the game. The only chance for a conservative comeback in my view was to make EVERYONE pay so they have a stake in government absurdities. We’re likely to never win again now. Stupid. Who knows what they did on capital gains ?
It’s going to be interesting to see what is going to happen when people get their paychecks this Friday. Imgine how surprised they are going to be when they find out that they are the rich.
After reading the entire article, crony capitalism is the only thing that works in Washington.
It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder. - Bastiat
Socialism is Legal Plunder- Bastiat
--That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. - Americans
it’s now eminently clear the US govt does not want entrepreneurs or companies operating within the US.
stay in the US a be a slave to the govt, handing over 60-75% of your life (earned income) to be redistributed to the polically favored. no thanks.
I wonder if countries will start offering deals to attract corporations and entrepreneurs
Senate-Passed Deal Means Higher Taxes on 77% of Households
Tuesday, January 1, 2013 02:10 PM
By: Richard Rubin
The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.
More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.
Congratulations obama voters. A special congratulations to the obama voters who still have a job. Your vote counts and you did not listen to the warnings. Congratulations!