Obama wants to raise my taxes!

[XT]

@Richard Parker

You need to review this, gonzo.

Best. Comeback. EVAH! Gods, I’m rolling on the floor!

‘Oh, I’m just a bill, yes I’m only a bill, and I’m sitting here on Capital Hill…’

-XT

[UTejas]

One group of people this will impact is working students. Currently students working for the same university they attend pay no FICA payroll tax. Speaking as a PhD-pursuing graduate student on a stipend, this deal will result in my taxes going up $400 if the Making Work Pay credit is allowed to expire.

[MilTan]

@UTejas

One group of people this will impact is working students. Currently students working for the same university they attend pay no FICA payroll tax. Speaking as a PhD-pursuing graduate student on a stipend, this deal will result in my taxes going up $400 if the Making Work Pay credit is allowed to expire.

But that’s Richard Parker’s point. The MWP credit was going to expire no matter what. This deal doesn’t replace a long term MWP credit with a payroll tax cut. Extending MWP was never on the table. This deal replaces nothing with the payroll tax cut. As RP pointed out, the deal only raises taxes on the poor relative to an imaginary, possibly unattainable, baseline.

By the way, it is worth noting that if you treat your baseline as Obama’s preferred position on the Bush tax cuts, this compromise lowers taxes on the poor. Obama’s original position was silent on MWP, EITC and UI. And there was no chance that those credits and benefits would have been extended in isolation.

[gonzomax]

@Richard_Parker

I think he could have gotten more because he got practically nothing.

Even taking your premise that he got almost nothing as true, why does your conclusion follow?

It will be permanent because if they have the house, they will pass it and filibuster the Senate.

You need to review this, gonzo.
*
All Obama gets is a 1 year extension of unemployment for a 2 year and possible permanent huge tax cut for the rich.*

This is factually false. I suggest you also review the facts of the deal.

I am well aware of the "facts’ The Social Security holiday is dangerous. It is a Republican proposal and you count it as a Dem plus.

'Payroll Tax Holiday' Came Into Obama's Tax Plan Via Republicans

The Bush tax cuts for the rich will likely be made permanent by the Repub house. They have a majority there. The house is where financial bills are originated. The Bush bill is a financial bill. It will sail through the house. The Senate will pass it.because they are owned by big money. Obama does not have the guts to veto it.