Go buy your pizza baby! You’ve just been handed $40 from Barrack Obama. Kids can have pencils, we can heat our houses for 3 nights, you can visit the elderly at nursing homes, we can get new shoes, give to charity – all things Republicans don’t want you to; so says the President. Just listen to the heart-warming stories that Republicans wanted to deny!
Did you catch that last line? The President knows where that guy is coming from. He could feel it when he shook his hand. I wonder how many of these individuals spent that $40 to go to Washington.
There are so many stupid flaws in the debate over this bill that I’m near nausea just thinking about it. Let’s just start with the $40. The President talks about what $40 can mean to all of these people who can, apparently, not afford to buy pizza. The problem is that if you make $50k a year and can’t afford pizza, you’re probably just a terrible money manager. The truth is, most of the people who cannot afford pizza don’t make $50k a year, and therefore won’t get their $40.
Previously, you had to pay 6.2% of your paycheck for payroll taxes. A year ago, the Republicans passed an extension to the Bush tax cuts which included a 2% decrease in the employees’ payroll tax, lowering it from 6.2% to 4.2% for one year. Democrats, at the time, fought against that payroll tax cut, the same rate that they fought for and just passed. Instead of explaining the percentages in detail of each bracket, let me show you this easy to use chart.
As you can see, a person making $50k a year saves around $10/week, which amounts to Obama’s touted $40/month savings. But scroll back a ways down your line to someone making $30k a year and watch your pizza money fly out the window. What about those people who actually have a tough time buying pizza – someone making $25k a year perhaps? They will be getting about $3 over the span of two months. Thanks Mr. President! You can buy a 6 pack of soda to go with that pizza you can’t afford.
Did you also notice that two of those people on stage were teachers? Teachers are great propaganda tools because everyone loves teachers…and so many are ignorant. Those two teachers on stage actually DON’T PAY A FICA PAYROLL TAX! If you listen to the whole speech here you will hear the pathetic examples that I used in my opening paragraph of what $40 can buy. One teacher says that without that $40 she won’t be able to buy school supplies for her students. Do you see why I’m about to throw up? She already doesn’t get that $40 and never will!
This tax cut extension, however, is only for 2 months. This is where so many people get duped. “What does $40 mean to you?” is the President’s sales pitch right now, but what most don’t realize is that this chump change is only extended for two months. Why just two months? If $40 for the average family is so awesome – if pizza, pencils and charity are so great right now, why aren’t they great in March of 2012 and beyond?
The reason is simple – politics. The President doesn’t actually like tax cuts; he is using it (effectively) to push his more important agenda. He’s calling this a tax cut extension, but in reality it is an extension of unemployment benefits for an entire year. Why isn’t the bill called “Unemployment Benefit Extension” when it is obviously the more expensive, longer, and more radical portion of the bill? For the same reason that you don’t call Motrin the “leading cause of gastric ulcers” on the front of your bottle – it doesn’t sell.
So if you’ve bought into the idea that Obama’s signing a $40 check for you because he cares deeply about you and “understands” your struggle – you’re wrong. His jet engines are already running for his Hawaii vacation – something that would cost 2,500 taxpayers $40 to fund.
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