Dixie - In Memoriam
New member
December 17, 2010
President Obama's remarks at the signing of the Bush Tax Cut extension:
This bipartisan effort was prompted by the fact that tax rates for every American were poised to automatically increase on January 1st. If that had come to pass, the average middle-class family would have had to pay an extra $3,000 in taxes next year. That wouldn’t have just been a blow to them -- it would have been a blow to our economy just as we’re climbing out of a devastating recession.
I refused to let that happen. And because we acted, it’s not going to. In fact, not only will middle-class Americans avoid a tax increase, but tens of millions of Americans will start the New Year off right by opening their first paycheck to see that it’s actually larger than the one they get right now. Over the course of 2011, 155 million workers will receive tax relief from the new payroll tax cut included in this bill -– about $1,000 for the average family.
This is real money that’s going to make a real difference in people’s lives. And I would not have signed this bill if it didn’t include other extensions of relief that were also set to expire -– relief that’s going to help families cover the bills, parents raise their children, students pay for college, and business owners to take the reins of the recovery and propel this economy forward.
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Now.... Nothing has changed with regard to the economy, if anything, the situation has gotten worse. So why is it, suddenly, we are again talking about tax increases? We just went over this in December, the president himself admitted, that a tax increase would be "a blow to our economy" ....what has changed between then and now? Why is it, democrats think they can squeeze in a tax hike with deficit reduction legislation, and no one will pick up on this?
President Obama's remarks at the signing of the Bush Tax Cut extension:
This bipartisan effort was prompted by the fact that tax rates for every American were poised to automatically increase on January 1st. If that had come to pass, the average middle-class family would have had to pay an extra $3,000 in taxes next year. That wouldn’t have just been a blow to them -- it would have been a blow to our economy just as we’re climbing out of a devastating recession.
I refused to let that happen. And because we acted, it’s not going to. In fact, not only will middle-class Americans avoid a tax increase, but tens of millions of Americans will start the New Year off right by opening their first paycheck to see that it’s actually larger than the one they get right now. Over the course of 2011, 155 million workers will receive tax relief from the new payroll tax cut included in this bill -– about $1,000 for the average family.
This is real money that’s going to make a real difference in people’s lives. And I would not have signed this bill if it didn’t include other extensions of relief that were also set to expire -– relief that’s going to help families cover the bills, parents raise their children, students pay for college, and business owners to take the reins of the recovery and propel this economy forward.
----------------------------------------------------------------------
Now.... Nothing has changed with regard to the economy, if anything, the situation has gotten worse. So why is it, suddenly, we are again talking about tax increases? We just went over this in December, the president himself admitted, that a tax increase would be "a blow to our economy" ....what has changed between then and now? Why is it, democrats think they can squeeze in a tax hike with deficit reduction legislation, and no one will pick up on this?