From January 1, 2013, all working individuals in the United States – yes, including all so-called middle class workers – confront a tax increase imposed on them by President Obama. The tax is regressive, impacting more heavily on the poor and the middle class than the better-off. It is a tax that is not imposed on those who live entirely off unearned income. Wow! Do you remember the Messiah talking this tax increase up as he campaigned across the nation?
In 2009, President Obama enacted a ‘holiday’ on the payroll tax deduction from employees’ paychecks, lowering the tax rate from 6.2 to 4.2 per cent. As revelers rang the New Year in, so Obama dropped a hangover that will last for a very considerable period of time. He ended the tax drop.
Most Americans will not wake up to this reality until January 15, when they receive their first paycheck for 2013. For the average American worker, the cost will be about $86 per month. For Mitt Romney it will be zero. Note that Obama is not supplying free contraceptives for sexually active American women. How many condoms or other contraceptive devices would those threatened women have been able to purchase with those lost $86 dollars per month?
That is just for starters. Just wait until the spending cuts are signed into law! No one to blame but yourselves, all those of you who voted a forked-tongue president right back into the White House.
Hat Tip: ‘Joseph Curl, ‘Obama supporters shocked, angry at new tax increases’, The Washington Times, January 7, 2013