Obama-GOP deal raises taxes on poorest earners

[babsbunny]

http://www.rawstory.com/rs/2010/12/deal-raises-taxes-poorest-earners/

By Daniel Tencer
Wednesday, December 8th, 2010 -- 5:50 pm

Quarter of tax savings will go to richest one percent

The plan to extend Bush-era tax cuts that President Barack Obama struck with the Senate Republican leadership will result in lower taxes for wealthy and middle-class Americans but will mean a tax hike for the very poorest earners.

According to an analysis in the New York Times, the Obama-GOP deal will mean that individuals earning less than $20,000 and families earning less than $40,000 will see a small tax hike.

"It will come to a few dollars a week," Roberton Williams, an analyst at the Tax Policy Center told the Times. "But it is an increase."

[CreekDog]

1. the poor need to sacrifice

the rich need to create jobs (and that takes more money).

[AlabamaLibrul]

2. "Everybody's hurting right now!" Hurting is relative if you have to sell your dozenth yacht.

Obama-GOP tax plan is the perfect name for it.

[ProSense]

3. This is pure spin

The Making Work Pay credit expires at the end of the year.

It's interesting that no one admitted this was a good thing until this point. If the deal fails, the Making Work Pay credit still expires, it was part of the stimulus package.

“It will come to a few dollars a week."

This means a few dollars less that the $400 to $800 from the Making Work Pay credit.

If they can get the Making Work Pay credit extended that's one thing, but it is not related to the middle-class tax cuts.

[Still a Democrat]

10. And if it had been included, it would be scoffed as something the GOP wanted

just as the Earned Income Credit is now.

[phleshdef]

17. Yea and its a small tax credit that never would have existed at all if not for Obama.

I can't believe how low information tea baggerish this site is becoming. We are being overran by the crazy.

[Lord Magus]

24. It's a pity we can't reccomend replies.

Because this deserves it.

[madrchsod]

4. ya...and us old people have to give up 250 bucks for the greater good

obama owns this shit and he`s going to pay in 2012...old people do`t forget,well at least i don`t.

[phleshdef]

8. OMG. Obama URGED THE APPROVAL of the $250 for seniors! NO ONE AT DU READS ANYMORE.

http://news.yahoo.com/s/ap/20101208/ap_on_bi_ge/us_social_security_no_cola

"GOP blocks legislation to award seniors $250"

"House and Senate Republicans on Wednesday thwarted Democratic efforts to award $250 checks to Social Security recipients facing a second consecutive year without a cost-of-living increase.

President Barack Obama and Democrats have urged approval of the one-time payment, saying seniors barely getting by on their Social Security checks face undue hardships without the COLA increase.

But most Republicans contended that the nation couldn't afford the estimated $14 billion cost of the payment, and that the COLA freezes in 2010 and 2011 come after seniors received a significant boost in 2009."

What the hell is wrong with this place? I'm starting to hit my breaking point here.

[Egnever]

21. Thnx for your efforts.

These people dont want to listen to facts. The TV is telling them what to think and they are happy like that.

Is it any wonder bush got elected twice? People are very easily manipulated.

[phleshdef]

22. Yea, I just wish they'd stick to their tv and keep their low info garbage off of here.

[myrna minx]

5. I think everyone can agree that this is a sacrifice we can all make so Cheney has enough 'walking

around' money to purchase another skull island. You know I'm right. :D

[Autumn]

6. Yeah, but it will create millions of jobs

Duh.




Sorry just heard some one say that on TV, I think it was Biden's chief adviser.

[phleshdef]

7. This misleading pile of shit has been posted here a bunch of times today.

ProSense explains it above. There is a stimulus related tax cut that has nothing to do with the Bush tax cuts or any other tax cut. Its set to expire and no one has tried to renew it. It amounts to a few bucks a paycheck for the poorest. Its irrelevant.

[prodigals0n]

11. "It amounts to a few bucks a paycheck for the poorest. Its irrelevant."

Irrelevant? How arrogant. Please tell that to someone who runs out of money before the end of the week and doesn't know where their childrens' next meal will come from.

[phleshdef]

14. Please. Its a small tax break that hasn't even been around for 2 whole years.

If they want to renew it, thats great. But it has NOTHING to do with the issue of dealing with the Bush tax cuts. Thats what I meant by irrelevant. Thats not arrogant, thats just fact.

[katnapped]

15. Anyone notice

Seems to be a concerted messaging thing going on where those couple of bucks a week are "irrelevant" for the poor that are getting screwed while somehow the crumbs the unemployed are getting are a godsend.

[phleshdef]

16. Anyone notice that none of you have any clue what you are even complaining about?

This is a tax break that was just passed last year that was set to only last until the end of this year. It has nothing to do with the extension of the much larger middle class tax cuts that actually matter. Trying to make it part of this larger debate is petty and silly.

Crumbs for the unemployed? Unemployment benefits saved me from missing bill payments and mortgage payments for 2-3 months last year until I got a new job. Unemployment benefits aren't very high and it depends on the state. But they are certainly not "crumbs". In a lot of states, you are looking at 200-450 bucks a week, depending on what the person that got laid off was making. For some people, that pays an entire months rent or mortgage payment (800-2200 bucks a month). Its not perfect and some people need more, but to call it crumbs is disingenious. Comparing losing that, which can make hundreds of dollars of difference to an expiring tax break that will make an 8-10 dollar a month difference is ludicrous.

[Change has come]

20. Dear, Nobody has cared what ProSense has had to say

for 18 months. Try to keep up.

[Lord Magus]

23. DU apparently is becoming more like Free Republic.

Facts are becoming optional at best.

[lamp_shade]

26. Thanks for having the guts to say it. Your thoughts are shared by many.

[lamp_shade]

25. "misleading piles of shit"... sell. Meaningful discourse? Not so much. Not around here.

[JVS]

9. A few dollars a week = hundreds of dollars

[w4rma]

12. Sick. (nt)

[Kablooie]

13. Yes, but think what the effect will be when Obama loses to a Republican in 2012

The stage is set.
All that needs to be done is to stick the barrel in our mouths and pull the trigger!

[bigtree]

18. wrong

unrec

[Pryderi]

19. um...they didn't mention the 2% reduction of the payroll tax.