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A Top Ten LIst of Obamacomplishments, Inspired by Clemmie
20 Oct 2014 9:11 am
I never called his payroll tax conservative, because it wasn't. Its effect on the economy was minimal because the change in rates was so low, and it de-funded Social Security. which is already approaching insolvency.Cannonpointer » 20 Oct 2014 12:00 am » wrote:So, if you look at Obie's tax cuts, they were not Keynesian. The social security cut affected every W2 worker in America, lasted for a couple of years, and amounted to 2% of every affected worker's gross income. That's not Keynesian. The "Making Work Pay" tax credit was actually a reduction in withholding as well - so it increased take home pay, which is what we call a "tax cut" - a good thing when Republicans do them and a *** thing when done by democrats.
It was a bandaid on a bleeding wound.
Wrong again, psycho.