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New York Times Realizes New Taxes Hurt Poor the Most

Six04 Wrote: Feb 08, 2013 11:28 AM
is this the same payroll tax reduction that the gop fought against? i seem to recall that on this very site there were many a commenter saying the temporary payroll tax cut was hurting america and it only amounted to chump change for families maybe I'm wrong but i also seem to remember obama asking congress to continue the payroll tax cut .
NavVette Wrote: Feb 08, 2013 3:17 PM
It sure is. But when Obama asked congress to continue the payroll tax cut (two years ago), they did. He didn't ask for it again. It was never meant to be anything but temporar and it was a targetted payroll tax cut specific to what the workers were paying towards Social Security, which is why the Republicans were against it. That temporary tax cut covered a lot of inflation in food, gas, and oil prices that were occuring at the time. So folks didn't really have more money money to spend on goodies that would expand the economy. They only had enough extra money to cover basic daily living costs. Now that the temp tax is gone, what they're really noticing is the effects of inflation that have been occuring the past couple of years.
GodsLaws Wrote: Feb 08, 2013 12:08 PM
On this issue you may be right. But ideologically, philosophically, politically, practially and ethically, you are as wrong as a person could ever be.
Bufa Wrote: Feb 08, 2013 11:32 AM
You are wrong.

Most all the time.
The payroll tax reduction was a stupid idea to begin with.
Many of us said that here.
You need to pay attention, if that is possible.
C'mon Man Wrote: Feb 08, 2013 11:31 AM
Something to ponder

If the government were to cut taxes, say, by lowering rates or outright repeal, people would simply be free to hold on to money they otherwise would have sent to the IRS under threat of punishment.

Allowing them to keep that money requires no expenditure. If the tax cut is dramatic enough, it might save money by permitting a shrinking of the government’s tax-collection machine, imagine that.

Keep the change Wrote: Feb 08, 2013 11:30 AM

When many Americans received their first paycheck of 2013, they wondered why their paychecks were smaller. Obama supporters in particular were baffled, wondering why they were seeing less pay when they had just voted for a President who promised they would never see a tax increase, that after all was reserved for "rich" people. The first Friday in January, Google was flooded with the question, "Why is my paycheck smaller?" Workers took to Twitter and asked the same question.

Now, even the New York Times is realizing who the the newest payroll taxes hurt the most: poor...