Obama Budget Chief on Hill Dems Plan to Scrap Middle Class Tax Cut: "We have two years to figure this out"

So is the $400 for working individuals and $800 for married taxpayers filing joint returns it?

I am self employed, gross $78,000 a year and PAY TAXES. 15% Fed, 11% State and 15% full FICA. My wife works part time for for LESS than minumum wage because she gets tips. That brings another $1000 a month. With three kids, two cars and one mortgaged house I guess that makes us middle class, although I have never worked so hard to feel so poor.

So is a credit $800 for 2009 all I can count on?

O...Decaf

Poor people and rich people now have new common ground - we're tired of hearing about this wonderful middle class and how important they are. Are poor people not an issue - as poverty reigns in the U.S.'s ghetto? Do rich people (however we define them today) not have an important role to play in this recovery?

Who is this middle class anyway -- I think it's just a word that gets in the way of fairness to ALL Americans.

President Obama should Do Absolutely Nothing Domestically and lets See how long some you Survive as well as your State.

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He should Starve All You Hate Mongers down to your Knees !!
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If the Federal Government simply Shuts

"Depend on your own Treasury"..

Governors Depend on Corp. America Or Your State Treasury ..

Obama should say...

"I have Bigger Sharks to Catch"

Go Fend for Yourselves...

"Tell Your State Governor, to use your State's Treasury or Charge More Taxes if you are Low On State Funds"

"Your State's Residents can Handle it"

The State's, Counties and Cities would be Doomed !

Then you'll have Massive Numbers of Un-Employed, Living off what...

AIR ?

Because the Big Bad Government has Shut the Damn Door and Cut Your State's Money Supply Off !!

Some of You can't stand the fact, that a Man Of Color is Your President..Period

Well, Complain all of 4 -8 years and if you are thinking Jindal or Palin as your Choice...

Look for another 4 years of Pres. Obama and keep Complaining and Hating...

He's still Your President

Note: Either Obama does Nothing and Watch Chaos or He tries to Help..

President Obama...

Let them Starve and tell them to take it up with their Governor, He or She wants to reject 5-15% of the Millions or Billions given to your State...

Tell your Governor to Return all the MONEY..

I'm Done

President Obama got us this tax cut; it is up to us to yell so we get to keep it.

Soooo....how much of that "95%" will that leave?

"Obama has reduced the amount of withholding from paychecks, which includes income tax, not just payroll taxes. He cannot reduce your social security or medicare contributions. This is not a tax cut, only a way to give employees extra spending money. You will owe the same amount of income tax when you file. The "middle class tax cut" he promised is a scam."

ROFLMAO!

That's the right wing lie

Now for the truth

For 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and $800 for married taxpayers filing joint returns.

This tax credit will be calculated at a rate of 6.2 percent of earned income and will phase out for taxpayers with adjusted gross income in excess of $75,000, or $150,000 for married couples filing jointly.

For people who receive a paycheck and are subject to withholding, the credit will typically be handled by their employers through automated withholding changes in early spring. These changes may result in an increase in take-home pay. The amount of the credit must be reported on the employee's 2009 income tax return filed in 2010. Taxpayers who do not have taxes withheld by an employer during the year can also claim the credit on their 2009 tax return.

"The distinction is that the Obama followers believe he can walk on water and do no wrong. Those calling him a messiah are only reflecting that phenomenon of his followers.

For example, you believe he can walk on water and that he can do no wrong, right? Otherwise you would occasionally offer up some critical thinking about him, no?"

ROFLMAO!

Critical thinking to a right winger is creating a strawman argument, defending the creation of that argument then repeating the argument.

"Otherwise you would occasionally offer up some critical thinking about him, no?"

I think you guys have that more than covered already. We don't feel any need to pile on any more criticism.

another broken promise by this president.

"It has only been two months in office for Obama" and yet another campaign promise has been broken.

No "middle class tax cut".....

"Social security and medicare are commonly referred to as payroll TAXES. I guess in your reality, they're not."

Obama has reduced the amount of withholding from paychecks, which includes income tax, not just payroll taxes. He cannot reduce your social security or medicare contributions. This is not a tax cut, only a way to give employees extra spending money. You will owe the same amount of income tax when you file. The "middle class tax cut" he promised is a scam.

"The only people calling Obama the messiah would be his opponents."

The distinction is that the Obama followers believe he can walk on water and do no wrong. Those calling him a messiah are only reflecting that phenomenon of his followers.

For example, you believe he can walk on water and that he can do no wrong, right? Otherwise you would occasionally offer up some critical thinking about him, no?

"That impacts 95% of the families in the US."

That's false. Roughly 40% of US adults paid no income tax at all in 2007.
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Not all families have two wage earners and there is the tax credit. That should about cover it.

"Besides, [Dr. Dean's] becoming DNC head instead of the nominee was a blessing in disguise."

A blessing for the "Obama" organization's corporate mobsters.

If a Republican had tried this crappola, he/she/they'd have been under siege by now.

"That's false. Roughly 40% of US adults paid no income tax at all in 2007."

Ah yes from the pages of the Heritage Foundation.

Thanks we were out of TP in the office.

"If Dean had been elected president, the joy among the people would have been such that great changes actually would have come about."

Okey dokey.

I like the Doctor a great deal but I recognize the reality of the situation.

Besides, his becoming DNC head instead of the nominee was a blessing in disguise.

I will only believe this when I hear it from Obama himself. This is not going to happen, so the Repubs better find something else to criticize him for.

The media noise cannot hide the fact that he has only been the President for 60 days. Get real, its too late to get a conscience for not reigning in Bush for the last 8 years.

Give Obama a break! The numbers are slowly coming around and just like the campaign where he came from 20 points behind, he will succeed again.

Fascist Hyena: ""He said that people making less than $250,000 would receive a TAX CUT."

That's false. Roughly 40% of US adults paid no income tax at all in 2007" blah blah blah

He NEVER SAID INCOME TAX CUT. Why do you keep insisting he did? I'm not sure if you're lying or just incredibly easily swayed by groups lying to you. Social security and medicare are commonly referred to as payroll TAXES. I guess in your reality, they're not. And sales tax isn't a real tax either, nor gas tax, nor real estate tax, nor anything else - when you hear 'taxes' it MUST mean the national income tax and nothing else, is that Right?

"He said that people making less than $250,000 would receive a tax cut.

"That impacts 95% of the families in the US."

That's false. Roughly 40% of US adults paid no income tax at all in 2007. Giving them a "refundable tax credit" is not a tax cut at all, and it is a lie to say that it is. It's simply a transfer payment. It would be just as truthful to say that it's a cut in their liquor bill.