Deconstructing The Absurdity

Tax Breaks, No Tax Breaks! Make up your mind..

In Barack Obama, Democratic Party, Republican Party, Tea Party on August 24, 2011 at 9:01 pm

It’s not really a very big secret to the conservative agenda. Republicans want lower taxes. Well at least that what they kept saying right? The Tea Party and all the Republican party members have always rallied for more and more tax breaks for Americans. Bush introduced the ‘Bush Tax Cuts’ which significantly brought down what people were paying to the United States government. The outcome of that was pretty bad but hey, we’re past that right. RIGHT?

So, we can safely confirm that Republicans love low taxes. But do they want lower taxes for everybody? Here’s where it gets weird. In his weekend radio broadcast, President Obama called for an extension to the payroll tax holiday he signed into law last year. This law benefits every working American lowering the 6.2 percent tax that funds Social Security to 4.2 percent. So you’d think that the Republicans would jump to this idea and be be all for it. But YOU’RE WRONG! GOP budget guru Rep. Paul Ryan (R-WI) dismissed a payroll tax holiday in June as nothing but “sugar-high economics.” Meanwhile, presidential candidate Mitt Romney said he would prefer to see the payroll tax cut on the employer side,” instead of for the employee. Both sides pay an equal amount for a total contribution of 12.4 percent per worker. Social Security payroll taxes mainly benefit middle and working-class Americans, as the tax only applies to the first $106,800 of a worker’s wages. Hence, no matter how much money someone makes, they will see a maximum benefit of $2,136 from the holiday — a chump change compared to the savings for the wealthy from the Bush income tax cuts.

“It’s always a net positive to let taxpayers keep more of what they earn,” says Rep. Jeb Hensarling (R-TX), “but not all tax relief is created equal for the purposes of helping to get the economy moving again.”

This statement otherwise says, tax cuts for the very rich good good good but tax cuts for regular, average and working class Americans bad bad bad.

What I want to know is Grover Norquist’s view on this. His own people are OPPOSING a tax cut. Does this violate his pledge in anyway. Well, we have to wait on that I guess.

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