The voice of reason:
It is unfathomable a Congressman would vote for a Bill - a tax Bill of this magnitude -Â without knowing whether a Bill existed or before laying eyes on what the Bill does to The American People. This asinine and self-servingÂ Congressional no-brainer HAS to stop.
Remember these votesÂ when you vote again. These Congressmen do not deserve to be paid. Fire them.
'We borrow $50,000 every second. That's why America is going to get downgraded.'
If you draw a paycheck you're already feeling the extra 2% deducted from your take home pay because of this Bill. These taxes hit 77% of ALL Americans, not just Obama's so-called "wealthy." Brace yourself for more added Obamacare taxes & fees that kick-in now on services like celll pones and internet, too.
Still think Obama "helped" the Middle Class? And he's not done yet, he has already assured us of that. Are you applauding the government attack on America's most successful and productive? The Middle Class comes next, as if this blow wasn't bad enough.
Paying for Obama spending HAS to come from somewhere. These tax increases are not enough to pay for what he's already spending. You can take ALL of the wealthy's money and that still is not enough to pay for Obama's spending. It is that simple.
We have a debt crisis. You'll be paying for that, because you are all that's left TO pay for it. Not the wealthy. You. This is just the beginning.
Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center.
Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported.
Overall, nearly 80 percent of households will pay more money to the federal government as a result of the fiscal cliff deal.
'The economy needs a stimulus, but under the agreement, taxes will go up in 2013 relative to 2012 - not only on high-income households, as widely discussed, but also on every working man and woman in the country, via the end of the payrollÂ tax cut,' said William G. Gale, co-director of the Tax Policy Center.
'For most households, the payroll tax takes a far bigger bite than the income tax does, and the payroll tax cut therefore - as [the Congressional Budget Office] and others have shown - was a more effective stimulus than income tax cuts were, because the payroll tax cuts hit lower in the income distribution and hence were more likely to be spent,' he added.
When the deal was passed by Congress late Tuesday, President Obama said it prevented 'a middle class take hike that could have sent the economy back into recession' and have a 'severe impact' on American families.
'Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up,' he said.
To the contrary, the Tax Policy Center says roughly 70 percent of Americans will see their income taxes rise as a result of the deal. They won't rise as much as they would have if no deal had been reached and the fiscal cliff was triggered, but they will go up nonetheless.
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