Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Demo_Chris

(6,234 posts)
7. Ending the holiday...
Tue Jan 1, 2013, 11:49 PM
Jan 2013

Is a massive loss of disposable income for those working at America's largest employers. Perhaps not in raw dollars -- they don't see many of those anyway -- but as percentage of their income. We permanently extended the 'temporary' tax cut on those earning tens of thousands a month, and shanked the temporary tax cut for the poorest Americans. Good trade there -- if you are wealthy.

The truly sad thing is that we are ending this holiday and going back to collecting the cash, but once chained CPI goes through (now that it is Democrats proposing it, it will) by the time those same workers retire their benefit wont be worth anything.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I have to eat some fine crow. [View all] TheKentuckian Jan 2013 OP
Well said and I commend you for your straight forward comment. grantcart Jan 2013 #1
If he demands CBO scored proposals maybe that piece won't be awful TheKentuckian Jan 2013 #5
I thought that really was a temporary deal Skittles Jan 2013 #2
It was, Historic NY Jan 2013 #4
Thank you, TheKentuckian Cha Jan 2013 #3
Yes, that was a great move........nft plethoro Jan 2013 #6
Ending the holiday... Demo_Chris Jan 2013 #7
I was pleased as well. UnrepentantLiberal Jan 2013 #8
Latest Discussions»General Discussion»I have to eat some fine c...»Reply #7