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tazzygirl -> RE: John Boehner/Republicans are raising your taxes... (12/20/2011 2:47:04 PM)
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Its the Senate fucking this one up, fargle.
A different perspective...
The government does not have the money to continue the payroll tax cut. It's literally handing everyone in the U.S. an extra $1,000 if they make $50,000 a year, as reported by ABC News. That amounts to an extra $19.23 a week. That's nothing.
An extra $100 a week would be something, but an extra $19 a week doesn't mean anything in this economy. Not to mention, the only people getting the full $19 are people making a minimum of $50,000 a year. The lowest wage workers earn $15,080, or 30 percent of what's needed to get the full $19. That means the poorest people are only seeing a weekly pay increase of $5.70. That's the equivalent of 14 cents an hour.
The national debt is now sitting at just over $15 trillion with a national population sitting just under 313 million, according to the U.S. Debt Clock. That means if we were to place the national debt directly on the backs of every individual currently in the U.S., each person would owe $48,386. If we were to simply include every taxpayer, they would owe an extra $134,299.
Those are bad numbers, and it needs to stop. Thankfully, Congress seems to be getting that message. The payroll tax bill would cost taxpayers an extra $180 billion, as reported by the Associated Press. That's an extra $575 per person. Since we have no way to pay for that increase, Congress is stalling the bill. As hard as it is to say, it's the right thing to do, but maybe Congress should just let the tax cut expire.
http://news.yahoo.com/payroll-tax-cut-bill-waste-time-effort-money-222700898.html
19 dollars a week wont make a dent in anyone's pockets. It will make a massive dent in the national debt. Even Obama is ready to veto the Senate version.
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