Michael Tomasky at The Daily Beast writes: "...Democrats would have employers pay 3.1 percent (rather than the 6.2 percent they now pay) on the first $5 million of their payroll. Also, if employers add to their payrolls, they would pay no payroll tax on new hires. So the new bill is specifically aimed at helping the job creators. The total cost is $255 billion." A real program aimed at increasing employment and putting more money in the pockets of labor and their employers - opposed by Republicans. Not only that, they want to end the 2% payroll tax reduction enjoyed for the last year or so.
This makes hollow all the Republican noise about helping America work. It also reveals, in their vernacular, "job creators" as code for the spectacular multi-decade failure that is and was "trickle down." Tomasky goes on to write, "Mitch McConnell unsurprisingly announced his opposition to it Monday. And yes, this is the same Mitch McConnell who said in January 2009 that a two-year suspension of the payroll tax “would put a lot of money back in the hands of businesses and in the hands of individuals,” and that “Republicans, generally speaking, from Maine to Mississippi, like tax relief.”"
Resurrection of Peasantville.com!!!
This blog has been inactive for sometime as the blogger has been involved in a congressional campaign - his own. That effort having not been successful, it's time to re-enter the fray and the best way is to resurrect Peasantville from the rubble. First, let me say how absolutely pleased I am that Barack Obama was re-elected on 11/6/2012 -- he saved America from Romney/Ryan and the certain Great Depression II they would have wrapped in a pretty bow and delivered to the globe. Second, the 332-206 Electoral College results should firmly push the right wingers back and it's only going to get better over the next few years. That Kentucky hasn't caught up with the rest of the nation is not truly a surprise, but despite Mark Twain's assessment, I think it will take only a few years for the Commonwealth to catch up to the 21st Century.
I'm baaa-aaackk!
Posted by oversight on November 12, 2012 at 10:34 AM in 2012 Presidential Election, , Books, Crooked Corporations Practicing Enronomics, Current Affairs, Good Government, Kentucky Political News and Commentary, Official Misconduct - Kentucky, Official Misconduct - Nationwide, Peasantville - a Rightwing Vison for America, The Dangerously Stupid Right, The Economy | Permalink | Comments (0) | TrackBack (0)