Thursday, December 22, 2011

The Payroll Tax Cut, Republicans and "It's a Wonderful Life."

We've been doing everything we can, over the last few weeks, to make sure that 160 million working Americans aren't hit with a holiday tax increase on January 1st. We've also been doing everything we can to make sure that millions of people who are out there looking for work, in a very tough environment, don't stop losing their unemployment insurance on January 1st. Now, on Saturday, we reached a bipartisan compromise [...] nearly every Democrat, in the Senate, vote for that compromise. Nearly every Republican, in the Senate, voted for that compromise. Democrats and even some Republicans in the House, voted for that compromise. I am ready to sign that compromise into the law the second it lands on my desk. So far, the only reason it hasn't landed on my desk, the only reason, is because a faction of House Republicans have refused to support this compromise. Now, if you're a family making about $50,000 a year, this is a tax cut that amounts to about a $1,000 a year. - President Barack Obama
The compromise bill to give a tax cut to the middle-class didn't just barely pass. It was voted for by the vast majority of Senators -- Republican and Democrat. The vote total was 89 for the bill and only 10 against the bill. That's a major landslide for the middle-class payroll tax cut. Usually the Senate barely passes measures. So, the House Republicans are holding up everything by opposing the tax cut, right before Christmas. They are the Grinch Party. And they're threatening to ruin everyone's Christmas. I think they need to watch the classic Christmas movie, "It's a Wonderful Life." I think in particular of the scene between Jimmy Stewart's character and that of the greedy banker, old man Potter who heartlessly doesn't care if people don't have any money for homes and other essentials:
Just remember this, Mr. Potter, that this rabble you're talking about... they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath? Anyway, my father didn't think so. People were human beings to him. But to you, a warped, frustrated old man, they're cattle. Well in my book, my father died a much richer man than you'll ever be! 
The Republicans are acting like that greedy banker in the movie who ruthlessly takes advantage of people who are facing hard times financially. I'm glad the president is holding their feet to the fire because he's about the only one in Washington D.C. who seems to remember who the politicians are working for, the American people!! I emailed my House of Representative, who is Republican, asking why he favors scoring political points over helping the American people because that's what it looks like to me.

Thank-you, President Obama for standing up to Mr. Potter (House Republican Leader, John Boehner).

---End of Transmission---


Truth 101 said...

To be frank I didn't want the tax cut in the first place. If it will make a difference in anyone's life they have bigger needs than a payroll tax cut.

The best thing about it though was watching President Obama make Boehner and the assholes squirm though. That almost makes the tax cut extension worth. Now we know Obama can call their bluffs and this should also start keeping the DINOs in line.

JCC said...

ummm...the two month extension is worth $166.67, not $1,000.00.

Typical liberal - educated in "publik skools" and lousy at math.

Handsome B. Wonderful said...

@JCC...The two month extension is indeed about $166, but Obama's figure of $1,000 is what that tax cut would come to if extended a full year. That's roughly what it amounted to last year.

Republicans agree that $1,000 is roughly what it will come to over a year. So, Obama's looking not just at the two-month extension of $166, but the full year.

You are speaking as if Obama only wants the two-month extension of $166 when all along he's agreed with the Republicans that a full-year is better.

However, since an agreement couldn't be met on the year long deal in time to avoid the tax hike on January 1st, Obama being the pragmatist went for the two-month extension. Get the deal you can and come back this year, 2012, to get the full year extension.

Senate Republicans voted for the extension, too, with the understanding that Congress will cut a deal for the rest of the year. So, are you going to distort their vote, as you have with President Obama? I highly doubt it.

Oh, and by the way, $166 is a lot of money for most people struggling in this economy. But, you wouldn't know it listening to your House Republican Majority leader, John Boehner. He called that amount "measly." What an insult to hard working people.

Handsome B. Wonderful said...

By the way, public schools educated many of our past presidents, including your conservative god, Ronald Reagan.