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In reply to the discussion: Median incomes are not growing as fast as they should be. This is true. And it is a serious problem. [View all]ProSense
(116,464 posts)9. Disagree, and
"Please not that I am only talking about the economy here. Obama has done great work in many other areas. Some of the band aids delivered are also positive change, just not fundamental and structural change. "
...that's because, like spinning the current wage trend as a decline, people aren't willing to look at the overall impact of policies.
Obamacare boosting household income and spending
http://www.democraticunderground.com/10024606074
Krugman: Insurance and Freedom
In fact, the real, lived experience of Obamacare is likely to be one of significantly increased individual freedom. For all our talk of being the land of liberty, those holding one of the dwindling number of jobs that carry decent health benefits often feel anything but free, knowing that if they leave or lose their job, for whatever reason, they may not be able to regain the coverage they need. Over time, as people come to realize that affordable coverage is now guaranteed, it will have a powerful liberating effect.
http://www.nytimes.com/2013/04/08/opinion/krugman-insurance-and-freedom.html
http://www.nytimes.com/2013/04/08/opinion/krugman-insurance-and-freedom.html
Obamacare Enrollment Is Far From Over
http://www.democraticunderground.com/10024764970
With the recent closure of the initial enrollment period for the Affordable Care Act (ACA), there is enormous jockeying around interpreting the number of enrollees in state and federal exchanges. Proponents and opponents of the law are interpreting the preliminary numbers in the way that best makes their case. But what neither side is emphasizing enough is that enrollment in the ACA is far from over now that March 31st has passed. This is because millions of individuals will lose their insurance during 2014 and Obamacare will be there to catch them.
Krugman: Obama and the One Percent
http://www.democraticunderground.com/10024391415
The health care law raised the payroll tax for high income earners and taxed investment income.
Net Investment Income Tax
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
A new Net Investment Income Tax goes into effect starting in 2013. The 3.8 percent Net Investment Income Tax applies to individuals, estates and trusts that have certain investment income above certain threshold amounts. The IRS and the Treasury Department have issued proposed regulations on the Net Investment Income Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Net Investment Income Tax, see our questions and answers.
Additional Medicare Tax
A new Additional Medicare Tax goes into effect starting in 2013. The 0.9 percent Additional Medicare Tax applies to an individuals wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individuals filing status. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $200,000 for all other taxpayers. An employer is responsible for withholding the Additional Medicare Tax from wages or compensation it pays to an employee in excess of $200,000 in a calendar year. The IRS and the Department of the Treasury have issued proposed regulations on the Additional Medicare Tax. Comments may be submitted electronically, by mail or hand delivered to the IRS. For additional information on the Additional Medicare Tax, see our questions and answers.
http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions
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Median incomes are not growing as fast as they should be. This is true. And it is a serious problem. [View all]
DanTex
Apr 2014
OP
In the face of these wage declines, why is the primary concern what people think of Obama?
cthulu2016
Apr 2014
#1
Why do you say that when ProSense provided a chart with both real and nominal figures?
stevenleser
Apr 2014
#21
Prosense is referring to a trend in the last month/year, which is small in comparison to what is
DireStrike
Apr 2014
#53
Nonsense. The trend has been upward for the last three years. The chart shows that. n/t
ProSense
Apr 2014
#56
Yes, if you squint really hard you can see a very minor increase in real wages
DireStrike
Apr 2014
#58
"...I expected dismissal, and your comment flies in the face of the reality."
NCTraveler
Apr 2014
#13
Prosense, you have not come close to making the case that this is fundamental and structural change.
NCTraveler
Apr 2014
#22
"it seems more like vague generalities rather than specific policy objections"
NCTraveler
Apr 2014
#38
Raising the minimum wage won't have any effect on the median income, will it?
Donald Ian Rankin
Apr 2014
#15
Not really. Increasing the minimum wage improves the safety net, but doesn't help most of us.
reformist2
Apr 2014
#19
Good point. But I don't think 50% of workers are making $10 or less. Maybe 25-30% of workers.
reformist2
Apr 2014
#25
Yes, the pressure from the artificial floor should decrease somewhat as you go up, but
cthulu2016
Apr 2014
#31
As cthulu pointed out, it would likely have indirect impact on wages beyond just
DanTex
Apr 2014
#57
Proud to be the first to rec this. Obama has fought HARD for the minimum wage
Cali_Democrat
Apr 2014
#16