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Obama is not making real tax cuts

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Posted: Thursday, August 30, 2012 12:00 am | Updated: 6:31 am, Thu Aug 30, 2012.

Is President Obama's employee tax cut a real cut? Normally the Social Security tax withdrawn from your salary is 6.2 percent, while the employer matches the percentage.

Now, you pay 4 percent toward Social Security while the employer pays the full 6.2 percent. In other words, the president required you to take 2 percent from your Social Security savings account. He offered you nothing as your Social Security fund is reduced by that 2 percent.

It is no benefit to the employer, as he pays the same amount as he did before the alleged cut. He just gives you the 2 percent he would normally send to Social Security in addition to your now 4.2 percent contribution. That is why the policy had no effect on unemployment.

Yes, your take-home pay is an extra 2 percent, but it is taken from your Social Security savings. Whether we agree politically with the president, to call this a tax reduction is disingenuous. In tough economic times, rather than providing a real tax break that has gotten us out of past recessions, he forced you to rob your Social Security piggy bank. He then purports to protect Social Security as he robs from it by 2 percent per month per every employee so he can say he reduced taxes!

Bill Henshaw, OD, FCOVD

Lodi

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Welcome to the discussion.

16 comments:

  • Darrell Baumbach posted at 8:55 am on Wed, Sep 5, 2012.

    Darrell Baumbach Posts: 9405

    Manuel stated...The payroll tax cut was a bi-partisan effort to stimulate the economy by giving people improved spending power at present.

    That was the snow job explanation for the public. In reality, it was a political ploy democrats used to get votes. They needed to have a story to tell in which they could claim they are not for higher taxes. Since they increase taxes so often and so high, they needed political cover.

    A vast majority of Republicans were against this, a vast majority of Democrats were for this.

     
  • Darrell Baumbach posted at 11:21 am on Sun, Sep 2, 2012.

    Darrell Baumbach Posts: 9405


    Regardless of when his parents left Cuba, they were exiles because they stayed in the US, specifically Miami, in a community where they soon felt they couldn't go back to their homeland. Though the story said his parents left for economic reasons, it's silent about the fact that the dictator before Castro, Batista, was so brutal that it made Castro look like a good alternative at first. (Insert debate over the fairness of the post-Castro Cuban Adjustment Act here).

    The Post also says "the supposed flight of Rubio’s parents has been at the core of the young senator’s political identity." That's a stretch. The actual story of the "flight" is far less emphasized than the fact that Rubio's an Hispanic Republican, and the child of immigrants and exiles (Update note: I mistakenly called him an immigrant and exile in original post).

    So to suggest Rubio serially embellished the "dramatic" story of his parents fleeing Cuba could be a little too dramatic itself. And it might be an embellishment as well -- absent more information clearly showing Rubio has repeatedly said his parents fled Castro's Cuba.


    Read more here: http://miamiherald.typepad.com/nakedpolitics/2011/10/did-the-washington-post-embellish-marco-rubios-embellishments.html#storylink=cpy

     
  • Darrell Baumbach posted at 11:20 am on Sun, Sep 2, 2012.

    Darrell Baumbach Posts: 9405

    Clearly, Ms Bobin enjoys distorting reality and in tent- typical dishonest liberal she is.

     
  • Darrell Baumbach posted at 11:13 am on Sun, Sep 2, 2012.

    Darrell Baumbach Posts: 9405

    Jerry stated...Ms. Bobin - what a great voice you would be for Libertarians

    Im surprised he thinks libertarians are that crazy... I think liberarians would be very insulted to listen to what Ms Bobin has to say... just as any person of good character would.

     
  • Jerry Bransom posted at 10:01 am on Sun, Sep 2, 2012.

    Jerry Bransom Posts: 363

    Ms. Bobin - what a great voice you would be for Libertarians. Reconsider your station in life and denounce Democrats and Republicans alike. Your rhetoric proves my point that they are the same.

     
  • dave howard posted at 8:34 pm on Sat, Sep 1, 2012.

    dave howard Posts: 25

    obama has already pulled billions from social security and the only way
    to fix his mass is to stick it to the taxpayer and if he is in office come
    Jan. 20 God help us because in 2016 when he leaves office the UN
    will take over if obama has his way.

     
  • Darrell Baumbach posted at 4:03 pm on Fri, Aug 31, 2012.

    Darrell Baumbach Posts: 9405

    But Ms Bobin... the truely gifted people like yourself can make the complex simple... please find it in your heart to explain what to you must be the obvious...

    or are oyu saying you do not know what it is you were talking about?

     
  • Joanne Bobin posted at 12:22 pm on Fri, Aug 31, 2012.

    Joanne Bobin Posts: 4488

    "Please explain Ms Bobin? This is way over my head... Good thing we have someone like you to clarify..."

    Sorry, Mr. Baumbach, it is too exhausting to continually try to make up for your shortcomings. Google it yourself.

    "Senator Marco Rubio?" The same Marco Rubio who claimed that his parents were escaping the Fidel Castro regime and the evils of Cuban communism?

    Turns out old Marco's parents left Cuba long before - Castro was still hatching his revolution in Mexico when his parents hit the road to the US.

    And why would he say such a thing? Most likely because the name "Castro" has a more powerful effect than saying "the American backed dictator, Batista," and a government that, aligned with the American Mafia, turned Cuba into America's whorehouse.

     
  • Manuel Martinez posted at 11:14 am on Fri, Aug 31, 2012.

    Manuel Martinez Posts: 641

    The objective wasn't to reduce the debt. The payroll tax cut was a bi-partisan effort to stimulate the economy by giving people improved spending power at present.

    I disagree with the payroll tax cut for the objections people have raised here (that and it incentivizes the extension of those cuts because the minute we try to return to previous rates, people cry and howl "Tax hike!") but remember what we are talking about when addressing it.

     
  • Gary Musto posted at 6:27 am on Fri, Aug 31, 2012.

    Gary Musto Posts: 506

    "Obama is trying ideas people came to America to get away from." Senator Marco Rubio, (R-Fla.)

     
  • Andrew Liebich posted at 12:57 am on Fri, Aug 31, 2012.

    Andrew Liebich Posts: 2999

    "The government is providing the other 2 percent, so individuals are not losing that money." [lol]

    Where does the government get the money Ms. Bobin? [sleeping]

    Oh yea... http://youtu.be/WLBexiCMkXo

     
  • Kevin Paglia posted at 3:04 pm on Thu, Aug 30, 2012.

    Kevin Paglia Posts: 2050

    So the government is taking LESS in and sending MORE out. And this shrinks our debt HOW?

    Face it Rep or Dem, niether party KNOWS what to do so they try anything,,, as long as it is thier own idea.

     
  • Darrell Baumbach posted at 1:22 pm on Thu, Aug 30, 2012.

    Darrell Baumbach Posts: 9405

    The government is providing the other 2 percent, so individuals are not losing that money

    Please explain Ms Bobin? This is way over my head... Good thing we have someone like you to clarify...

     
  • Joanne Bobin posted at 1:10 pm on Thu, Aug 30, 2012.

    Joanne Bobin Posts: 4488

    The government is providing the other 2 percent, so individuals are not losing that money.

    I guess you should have become a teacher like your fantasy wife, Mr. Baumbach. Then you would have gotten the pension you think you deserve.

     
  • Andrew Liebich posted at 9:45 am on Thu, Aug 30, 2012.

    Andrew Liebich Posts: 2999

    [thumbup]

     
  • Darrell Baumbach posted at 6:22 am on Thu, Aug 30, 2012.

    Darrell Baumbach Posts: 9405

    Now all we ave to do is reduce it another 4.2% and the correct amount taken from each persons pay check would be just about right.

     

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