Friday, December 02, 2011

I See Your True Colors Shining Through and That's Why I Dislike You

The proposal was pretty straight forward:  Maintain the payroll tax cut, extend it to new hires and pay for it with a small increase in taxes on millionaires and billionaires.

Everyone agrees that maintaining the payroll tax cut is the best thing for the economy.  It would mean an extra $1,500 in the pockets of people making $50,000 a year.  Not a ton of money, but enough that they can be a bit more active on the consumer side of the economy. 

But the Republicans in the Senate blocked a vote on the measure.  Why?  No matter what you hear the answer is really simple; they don't represent the average American, they represent the richest Americans.

God forbid we actually do things that help the Average Joe, particularly if the richest among us have to pay a little more than the historically low tax rates they now enjoy.

Senate Republicans reject measures to extend payroll tax break - LA Times

1 comment:

Martini said...

There was an article very recently in the NY Times that quoted people in the top 1% saying the majority of the rich could and should do more to help out the average citizens.