They keep talking about keeping the tax breaks for 98% of the people even though

[gateley]

the top 2% will benefit.

How many are there who make under $20K annually? What's that percentage?

Their numbers need to be revised. :grr:

[sasha031]

1. here is a transcript and discussion

http://upload.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x12655

from Democracy Now

for about 45 million households who make less than $20,000 a year, this is a tax increase of $150 to $200 each.
What people don't think about, that would be every retail employee, allot of people in the food industry, and god who's the countless others.
People who count ever dime to get buy till the end of the mnth....
the invisible ones...:(

DAVID CAY JOHNSTON: Well, you certainly cannot accuse the Republicans of leaving any money on the table. They got an extraordinarily good deal, that raises, I think, basic questions about the negotiating skills of the President. The bottom roughly 45 million families in America or households in America—and there are a little over 100 million households—they’re going to actually see their taxes go up. And that’s because President Obama’s Making Work Pay credit—$400 per person, $200 for a couple, and you got it even if you were retired or disabled—is going to go away. And it’s going to be replaced by this temporary two percent reduction in the payroll tax, the Social Security tax. Well, for about 45 million households who make less than $20,000 a year, this is a tax increase of $150 to $200 each. So, it certainly seems to me it’s reasonable going forward, given how the Republicans have emphasized they will never raise taxes on anyone and they are the party of tax cuts, that the Republicans have now become the party of tax increases on the poor.

[gateley]

4. Thank you - somebody gave me that link yesterday so I actually knew

the numbers (although you'd never know it from my OP - sorry) . I think what's really getting to me today, especially now as I type this and the House has passed it, is that we if we were going to give up so much, we should have helped ALL those who need it. It's a fucking drop in the bucket compared the grand total we'll be borrowing from our generous benefactors. I was just raging. And today, I've finally tipped. I want nothing to do with Obama any more. It really hurts.

[Hello_Kitty]

2. It's as many as 1 in 3 workers.

If this package was supposed to stimulate the economy how stupid was it of them to put less money in the pockets of people most likely to spend it right away?

[gateley]

5. The latest in a long line of stupid. nt

[ladjf]

3. The top 98% are stealing our money. Now in order to get us to

allow it, they gives us a little bit. But, as their coffers become heavier with wealth, they will not even go to the trouble to "horse trade". They will simply seize anything we have that they deem to be valuable.