OBAMA GOT $600 BILLION IN NEW REVENUE (TAX INCREASES) AVOIDING THE FISCAL CLIFF IN JANUARY 2013 … NOW HE WANTS NEW TAX REVENUES TO AVOID SEQUESTER …
Where’s hardship in sequester cuts?
Our president was true to form with his prop-laden speech as to the economic “meat cleaver” impact the sequester would have on our great nation. Hooey. Obama pushes new tax revenues to avoid sequester.
We’ll disregard for a moment that the sequester originated in the Obama White House, as well as we’ll disregard that our president has proclaimed multiple times that he’d veto any sequester compromise that didn’t include cuts of $1.2 trillion in federal spending. Focus on the calamitous cuts our president claims are a doorway to joblessness, disease and general mayhem.
The $85 billion annual sequester amount represents 2.2 percent of our current $3.8 trillion federal spending. Our president warns of cuts to Head Start, border security, teachers, the FBI, the TSA, tuition support, etc., etc. All of this calamity because of a 2.2 percent first-year cut?
As a reminder, on Jan. 1, more than 160 million Americans had their paychecks apparently “gutted” by the ending of the payroll tax cut. I don’t remember Obama doing a"Khrushchev" pounding the podium on their behalf. And no calamity ensued. If 160 million Americans can manage, I’d think this sequester would be a breeze for such competent leadership. While the fiscal cliff deal extended the income tax rates for 99% of Americans, one expiring provision that was not given new life by the 11th hour negotiations was the 2% reduction to an employee’s share of Social Security payroll taxes. For 2011 and 2012, employees paid only 4.2% of their wages towards Social Security. Beginning January 1, 2013, that burden has reverted back to 6.2%. As a result, if you earn a salary, you may have noticed that your first paycheck in 2013 was 2% lighter than your last check in 2012, assuming equal pay.
We’ll disregard for a moment that the sequester originated in the Obama White House, as well as we’ll disregard that our president has proclaimed multiple times that he’d veto any sequester compromise that didn’t include cuts of $1.2 trillion in federal spending. Focus on the calamitous cuts our president claims are a doorway to joblessness, disease and general mayhem.
The $85 billion annual sequester amount represents 2.2 percent of our current $3.8 trillion federal spending. Our president warns of cuts to Head Start, border security, teachers, the FBI, the TSA, tuition support, etc., etc. All of this calamity because of a 2.2 percent first-year cut?
As a reminder, on Jan. 1, more than 160 million Americans had their paychecks apparently “gutted” by the ending of the payroll tax cut. I don’t remember Obama doing a"Khrushchev" pounding the podium on their behalf. And no calamity ensued. If 160 million Americans can manage, I’d think this sequester would be a breeze for such competent leadership. While the fiscal cliff deal extended the income tax rates for 99% of Americans, one expiring provision that was not given new life by the 11th hour negotiations was the 2% reduction to an employee’s share of Social Security payroll taxes. For 2011 and 2012, employees paid only 4.2% of their wages towards Social Security. Beginning January 1, 2013, that burden has reverted back to 6.2%. As a result, if you earn a salary, you may have noticed that your first paycheck in 2013 was 2% lighter than your last check in 2012, assuming equal pay.
