Sunday, September 18, 2011

House GOP Rejects Tax Cuts For Middle Class

Well, we may be witnessing a seemingly contradictory and rather unusual tax turnabout amongst our elected officials. It seems that the Republican Party managed to find a tax cut that *they* don't like - most likely because the intended beneficiaries aren't going to be their longtime BFFs - the super-wealthy or multinational corporations. (You may still want to check outside for the arrival of flying pigs...)

The article from ThinkProgress goes on to say, "Republicans finally found a tax cut they didn’t like in the payroll tax holiday. What’s 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."

Read the rest of this amazing "feel-good" story (just kidding)
OK... read the rest of the article describing yet another Republican Party attack on the middle-class and working poor in its long-standing war against the working classes in: House GOP Rejects Tax Cuts For Middle Class @ ThinkProgress

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