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ProSense

(116,464 posts)
9. Disagree, and
Fri Apr 4, 2014, 02:18 PM
Apr 2014

"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


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 individual’s wages, Railroad Retirement Tax Act compensation, and self-employment income that exceeds a threshold amount based on the individual’s 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




Recommendations

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

In the face of these wage declines, why is the primary concern what people think of Obama? cthulu2016 Apr 2014 #1
The OP is about both policy and political reality. DanTex Apr 2014 #2
MUST PROTECT OBAMA Capt. Obvious Apr 2014 #3
That explains much Fumesucker Apr 2014 #5
S'rly Capt. Obvious Apr 2014 #8
it's ODS Skittles Apr 2014 #47
MUST PROTECT FACTS. ProSense Apr 2014 #6
What "wage declines"? ProSense Apr 2014 #4
You are intentionally using figures unadjusted for inflation??? cthulu2016 Apr 2014 #14
"Adjusted for inflation, they were up 1.2% MoM and 2.4% YoY." ProSense Apr 2014 #18
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 think the problem that many have.... NCTraveler Apr 2014 #7
Disagree, and ProSense Apr 2014 #9
I get that you disagree. NCTraveler Apr 2014 #10
Well, ProSense Apr 2014 #11
"...I expected dismissal, and your comment flies in the face of the reality." NCTraveler Apr 2014 #13
I most ProSense Apr 2014 #17
Prosense, you have not come close to making the case that this is fundamental and structural change. NCTraveler Apr 2014 #22
Pure nonsense ProSense Apr 2014 #26
How is it fundamental and structural change to the economy? NCTraveler Apr 2014 #27
What the hell? ProSense Apr 2014 #28
Nonsense. NCTraveler Apr 2014 #30
You really ProSense Apr 2014 #33
You're Just Being Obstinate ProfessorGAC Apr 2014 #40
A couple of things. NCTraveler Apr 2014 #45
It's not ProSense Apr 2014 #49
Where Do I Stand? ProfessorGAC Apr 2014 #60
Well, I'm not sure what you mean by "fundamental and structural change". DanTex Apr 2014 #36
"it seems more like vague generalities rather than specific policy objections" NCTraveler Apr 2014 #38
I agree with a lot of what you say. DanTex Apr 2014 #50
The baseline needs to be the crash of 2008. CJCRANE Apr 2014 #12
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
see my post right below cthulu2016 Apr 2014 #24
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
Surely it would shift the median line to the right? CJCRANE Apr 2014 #20
I don't believe so. Donald Ian Rankin Apr 2014 #32
I'm not a statistician but that doesn't make sense to me. CJCRANE Apr 2014 #34
The median is the income of the middle person. Donald Ian Rankin Apr 2014 #35
I think it's the middle value, not the middle person. CJCRANE Apr 2014 #37
The middle value is the value of the middle person. N.T. Donald Ian Rankin Apr 2014 #41
If you have 300 million people then the middle person is #150 million. CJCRANE Apr 2014 #43
And the median income is that person's income. Donald Ian Rankin Apr 2014 #46
OK, as per my edit above I think you are right on that point CJCRANE Apr 2014 #48
It will affect more than 50% of wages, surely. Arguably 100%. cthulu2016 Apr 2014 #23
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
Even with median income going up, everything you listed should happen. randome Apr 2014 #29
And here I thought this was going to be a thread about issues Marrah_G Apr 2014 #39
Short Fuse? ProfessorGAC Apr 2014 #42
Not just this one Marrah_G Apr 2014 #44
they're getting worse, aren't they? Skittles Apr 2014 #51
Yes Marrah_G Apr 2014 #52
It's unfortunate that you are going to ignore me instead of engaging. DanTex Apr 2014 #55
she, as am I, is simply fed up with it Skittles Apr 2014 #59
k&r n/t RainDog Apr 2014 #54
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