{"id":5877,"date":"2011-09-18T00:15:33","date_gmt":"2011-09-18T07:15:33","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5877"},"modified":"2011-09-18T00:15:33","modified_gmt":"2011-09-18T07:15:33","slug":"house-gop-no-tax-cut-for-middle-class","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/09\/18\/house-gop-no-tax-cut-for-middle-class\/","title":{"rendered":"House GOP: No tax cut for middle class"},"content":{"rendered":"

Once again Republicans have shown that their ongoing mantra that Democrats want to raise your taxes, while Republicans want to cut them is a lie.  Republicans are all for tax cuts, but only if they go to millionaires, billionaires and corporate criminals, NOT YOU.  That\u2019s why, when House Republicans rejected most of Obama\u2019s jobs bill (AJA), one of the parts rejected was the extension of the payroll tax holiday.<\/font><\/p>\n

\n

\"18taxcut\"In a sudden move, House Republicans rejected President Obama\u2019s week-old jobs plan<\/a>, including about $240 billion in payroll tax cuts<\/strong>. In a memo to their caucus, Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), and other leaders dismissed the bill\u2019s largest spending<\/a> and tax cutting portions, leaving little of the bill intact…<\/p>\n

…As ThinkProgress has noted<\/a>, Republicans finally found a tax cut they didn\u2019t like in the payroll tax holiday. What\u2019s unusual about the payroll tax, which funds Social Security, is that cutting it almost entirely affects middle- and working- class people. Because the tax only applies to the first roughly $100,000 a person earns someone who makes $200,000 or $300,000 gets the same tax cut as someone making $100,000<\/strong>. Republicans seem to be witholding a tax cut as a bargaining chip, as \u201cBoehner said he is willing to negotiate on extending payroll tax cuts,\u201d <\/p>\n

Meanwhile, a payroll tax holiday is one of the few types of tax cuts that do actually<\/a> stimulate the economy<\/a>, precisely because they mostly affect working- and middle-class people, who need the money more and thus spend it right away\u2026 [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Think Progress<\/a>><\/p>\n

To be honest, there is an effect of the payroll tax holiday that I do not like, namely that it reduces the revenue collected in Social Security and Medicare premiums, leaving them more vulnerable to terrorist attacks by Republicans.  But what I want to make clear here is that Republicans want YOUR taxes to go UP.  Every tax dollar refunded to a poor or middle class worker is a penny Republicans can\u2019t give to the Koch Brothers.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Once again Republicans have shown that their ongoing mantra that Democrats want to raise your taxes, while Republicans want to cut them is a lie.  Republicans are all for tax cuts, but only if they go to millionaires, billionaires and corporate criminals, NOT YOU.  That\u2019s why, when House Republicans rejected most of Obama\u2019s jobs bill […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5877","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/5877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=5877"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/5877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=5877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=5877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=5877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}