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How does the Republican Party continue to win elections? The Associated Press is reporting that GOP legislators are opposing the extension of a payroll tax cut that will expire on Jan. 1. The clear, unavoidable message: Americans workers should pay more taxes, while the rich should pay less.That's not a joke, and it's not an Onion headline. The very same Republicans who have fought tooth-and-nail to keep George W. Bush's tax cuts for the wealthy from expiring are now in favor of doing away with a tax cut that will primarily hit wage-earners -- people who actually have to work for a living, people who are struggling to pay their mortgages and wincing every time they fill up their gas tank.
There's not even any attempt to hide the hypocrisy.
It's not news when Jon Huntsman criticizes fellow Republicans. It's news when he agrees with them. On Sunday, in an interview with the Wall Street Journal, Huntsman found himself in a virtual love-in with Rick Perry and Michele Bachmann over, of all things, taxes. The paper asked Huntsman if "the half of American households no longer paying income tax—mainly working poor families and seniors—should be brought onto the income tax rolls."
TIt's not news when Jon Huntsman criticizes fellow Republicans. It's news when he agrees with them. On Sunday, in an interview with the Wall Street Journal, Huntsman found himself in a virtual love-in with Rick Perry and Michele Bachmann over, of all things, taxes. The paper asked Huntsman if "the half of American households no longer paying income tax—mainly working poor families and seniors—should be brought onto the income tax rolls."ext
“There is a sucker born every minute”
News flash: Congressional Republicans want to raise your taxes.
Impossible, right? GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right?
Apparently not.
Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different “temporary” tax cut should end as planned. By their own definition, that amounts to a tax increase.
The tax break extension they oppose is sought by President Barack Obama. Unlike proposed changes in the income tax, this policy helps the 46 percent of all Americans who owe no federal income taxes but who pay a “payroll tax” on practically every dime they earn.
Originally posted by ISHAMAGI
And people wonder why the middle and lower class vote Democrat.
There is a Republican case against making sure that poorer people pay income taxes. It's being made by Ron Paul.
"Dr. Paul doesn't want to be president so he can raise taxes on anyone, especially on the poor and middle class," says Ron Paul's spokesman, Jesse Benton. "If half of the American people don't pay income taxes, then we are halfway to our goal of eliminating it for everyone."
The theoretical basis for this argument, such as it is, is based on the assumption that keeping taxes low on the "job-creators" -- the rich, and corporations -- will spur investment and hiring. The empirical evidence for this theory has always been slim -- [color=limegreen]some of the strongest economic growth rates of the last century in the United States occurred when taxes on the wealthy were at their highest rates -- but it's particularly absurd right now, after two years in which corporate profits have been high, taxes have been low, and employment growth has been paltry.
The GOP and their new radical right posse—the Tea Party—are finally showing their true colors by supporting the raising of taxes for the poor and middle-class and the continued CUTTING OF TAXES FOR THE RICH!
Taxing the poor more is so counter-intuitive, to me it's always been common sense that we tax the rich waaaaay more than the poor.
Yeah, the country needs your help, poor people! It's about damn time the poor people chipped in and helped the country out, we need their money!--(says rich people with millions of dollars collecting dust in a bank who call the idea of using their money to help the country out "class warfare").
"Those who are not paying any taxes but are receiving benefits from the government because of their income status— there ought to be a reduction from the benefit they receive," Coats said. "Even if it's 10 bucks, or 15 bucks, we [need to say we] have deducted for your participation in helping to support our country's needs."
Originally posted by Tangled4u
Thank God when Ron Paul get's elected he will take away all taxes because it's unconstitutional.
Can't wait for that day.
At issue is a tax that the vast majority of workers pay, but many don't recognize because they don't read, or don't understand their pay stubs. Workers normally pay 6.2 percent of their wages toward a tax designated for Social Security. Their employer pays an equal amount, for a total of 12.4 percent per worker.
As part of a bipartisan spending deal last December, Congress approved Obama's request to reduce the workers' share to 4.2 percent for one year; employers' rate did not change. Obama wants Congress to extend the reduction for an additional year. If not, the rate will return to 6.2 percent on Jan. 1.
Originally posted by Tangled4u
Thank God when Ron Paul get's elected he will take away all taxes because it's unconstitutional.
Can't wait for that day.
AMENDMENT XVI
Passed by Congress July 2, 1909. Ratified February 3, 1913.
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Originally posted by wardk28
You got half of Americans not paying taxes. With the way you are thinking, the half not paying is either poor or seniors. I can't see how that is factually true. The Bush Tax cuts actually brought in more revenue, not less, because smaller businesses were able to hire more people. To say that the GOP wants to raise taxes because they want to have those not paying any income tax to pay, thats a bit of stretch.edit on 22-8-2011 by wardk28 because: (no reason given)
Ah I see. So just to be sure we've cleared up my earlier confusion, the FICA tax is the income tax?
They are referring to the FICA (Federal Insurance Contribution Act) tax. For the year 2011 this tax on individuals was lowered to 4.2% and set to expire January 1, 2012. This rate is designed for the Social Security accounts with the responsibility of contribution by both employers and workers. This rate would rise, if the temporary cut is not extended, back from 4.2% to 6.2% in 2012. The Republicans in Congress are proposing allowing this temporary cut to expire.
If you do not know about the FICA tax it is a quick search and very easy to understand.