The payroll tax cut was enacted in 2001, when there was a surplus and our economy was in decent shape. obama has said that taxes should not be raised during a recession. This is disingenuous on his part because it flies in the face of his Marxist beliefs, that he has been promoting since that ominous day he took office. This man does not care anything about the middle class. He cannot even relate to American ideals and principles upon which this country was founded. I wonder why?
Payroll taxes fund medicare and social security among other programs, but te money goes into some mysterious general fund and not into a specific locked box where congress cannot get their greedy hands on it. For this reason medicare and social security could be bankrupt in the next few years, since more people have enrolled in the system. With regard to Medicare, no one has the RIGHT to not accept medicare. Seniors have rarely gotten a COST OF LIVING INCREASE while Congress feeds their fat faces on a regular level with tax payer money.
The current payroll tax cut rate is 2.1 %. obama wants to raise this to 3.1% Republican members of Congress have asked how this will be paid for, but has been no reasonable answer from the White House. Actually he would like not to include his so-called “RICH”, some of whom are the goons who continually provide cash to him on a regular basis. The money will come from Medicare and Social security. Those taxed will be members of the middle class, those fortunate enough to still earn $200,000 per year and his rich friends.
It is important to hear both sides of the story. The National media which kisses obama’s ass at every opportunity will not tell the truth any more than obama will. They allow obama to continue his tirade against Republicans and tea party members distorting their purpose and any responses given. This way obama can run on a Republican “do-nothing platform”. He cannot run on his economic successes. He can not run on his green successes and he cannot run on his foreign policy successes. he HASN’T HIT THE BASKET ONCE ON ANY OF THESE. THIS WAS THE WHOLE PURPOSE FOR THE ‘super committee” to fail.
Now he will take yet another vacation back to his “land of birth”. Sure! Kenyans should be offended that he will not admit that he was born in Kenya in 1961.