Please stop repeating false Republican talking points!

[hfojvt]

54. Obama is proposing social security tax cuts as a way to create jobs

Obama says that if the payroll tax cuts expire that will harm the economy.
Obama calls these payroll tax cuts, middle class tax cuts.


Well, Bush claimed that his tax cuts would help the middle class too, and they did too, hence the desire to keep them in place for incomes less than $100,000 instead of letting them all expire.

Obama is advocating for payroll tax cuts, and in my eyes, those payroll tax cuts are tax cuts for the rich.

The rich - the top 10% get 26.7% of the payroll tax cuts.
The top 20% - the upper quintile - get 46% of the payroll tax cuts

Compare this to what the bottom 20% gets - 3.8%

Let me repeat. The RICHEST 20% get 46% of the tax cuts, the poorest 20% get 3.8% of the tax cuts.

The poorest SIXTY percent get a mere 26.1% of the tax cuts. Less than the richest 10% get.

Like Republicans, Obama is advocating tax cuts to create jobs.
Like Republicans, Obama is advocating tax cuts that favor the rich.
Like Republicans, Obama is claiming that his tax cuts do NOT favor the rich, when they pretty clearly do.

Now back when he first ran for office, the Hope and Change we could believe in promised a "making work pay credit" of $500. That tax credit gave a mere 8.8% of its benefits to the richest 10%. While it gave 12.8% of its benefits to the bottom 20% and 49% of its benefits, not to the richest 20% but to the poorest 60%.

And to think I used to love this video back in primary days