Payroll Tax: increase in the Social Security portion of the payroll tax from 4.2 percent to 6.2 percent for workers. This hits all Americans earning a paychecknot just the wealthy. For example, The Wall Street Journal calculated that the typical U.S. family earning $50,000 a year will lose an annual income boost of $1,000.<quoted text>Why do Repubs have need to lie ALL the fricking time??????????
First there are more millionaires and billionaires in the US both population percentage wise and number wise than ever in history.
Second there wouldn't be so many on Food Stamps (SNAP) if the rich bastard CEOs of over 30,000 American companies hadn't close the doors and shipped the jobs to China to pay slave wages. Does your ignorant ass really believe that the 5.5 million workers that lost their jobs from Oct. 2008 to Oct. 2009 were ONLY democrats?????????? Dumbass.
Last but not least you dumb ass, NO taxes have gone up on anyone making less than $250,000 in the past 10 years. The "lowly middle class" pays the same now as they did in 2003.
What about all of the taxes involved in Obamacare which are coming this year and next? What about median income?
As a candidate in 2008, Obama blamed the reversals largely on the policies of Bush and other Republicans. He cited census figures showing that median income for working-age households -- those headed by someone younger than 65 -- had dropped more than $2,000 after inflation during the first seven years of Bushs time in office.
Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland.