Workers and small businesses alike get a big boost with savings from their payroll taxes. Few on the right seem to cheer this. However the news that capital gains taxes may go up seems to strike a bit closer to home for them. Why is that?
more from those who believe in the valuing of working?
One would think that their intentions are as clear as day, yet some cant get enough of that trickle down voodoo. Just not paying attention I guess.
Because they are told what to think
They have been hypnotized by the supply side mantra.
because they are playing politics to make obama look bad, the same way the democrats played politics to make bush look bad
Dude, cuts in payroll taxes materialize as $10 every other week. It’s hard to get all worked up over ten bucks.
Cap gains increases can mean thousands for some people.
They don’t know the difference. They are doing what they are told – blame Obama no matter what
Giving payroll tax cuts which fund Social Security seems like it might be a bad idea since the board of trustee’s say the fund will go broke in the future. What is your plan for all the middle class ppl when there is no more money in the fund Matthew? Should they just starve in the streets?
http://www.ssa.gov/oact/trsum/index.html
After 2014, cash deficits are expected to grow rapidly as the number of beneficiaries continues to grow at a substantially faster rate than the number of covered workers. Through 2022, the annual cash deficits will be made up by redeeming trust fund assets from the General Fund of the Treasury. Because these redemptions will be less than interest earnings, trust fund balances will continue to grow. After 2022, trust fund assets will be redeemed in amounts that exceed interest earnings until trust fund reserves are exhausted in 2036, one year earlier than was projected last year.
I would think if you are going to take more money out of this program you might want to couple that with some reforms to make it sustainable. This is just another example of your sides short term thinking. Gimme now, F the future, right?
how about the fact that taxing capital gains is just a punitive way for the loony left to punish those who work hard and succeed in america
Are you referring to the presidents Jobs BIll?
HE JUST PRESENTED THE DARN THING THIS MORNING! GIVE THEM TIME TO READ IT FIRST TO GIVE AN OPINION!
Hopefully they ALL will read it and not just "hurry up and pass it" like Obummer wants. Same they did with Obamacare and that Stimulus debacle.
Obama is taxing private individuals not big corporate businesses. Think about it. He is going to tax your retirement and he is tanking the stock market. No wonder the stock market is crashing.
This guys sucks big time and we need to put Ron Paul in there.
Probably because it has not worked so far! And I wouldn’t cheer those cuts too soon since it will further deplete the Social Security "lockbox" making it fail even sooner than the projected 10-year window! However, you are correct in that ‘capitol gains’ vs ‘payroll tax reductions’ does not appear to get equal negative press… probably becuase one sounds better than the other! Propaganda at work…
Matty your hypocrisy and union loyalty proves that spending was bad under Bush but great while your messiah occupies the white house!!!! It is sad to see the 0blameo sheeple whine and cry about the other party when it is their own party schitting on Americans!!! Baaaaa says matty!!!