Blog Archives
The extra $40.00…
Posted by btchakir
President Obama in a live speech today defended maintaining the tax deduction to the Middle Class to say that it is $40.00 a paycheck. What difference, the critics say, does $40.00 make?
Thinking about this as I went out for groceries in Martinsburg, I passed by gas stations where the price was now $3.85 a gallon for regular. Only two weeks ago it was 40¢ a gallon less. Given my regular driving record, that adds $40.00 to a biweekly part of my monthly Social Security payment.
In other words, $40.00 is a lot of money when you’re not sitting on a pile coming in from your low-taxed investments.
Since Republicans don’t mind cutting taxes on the wealthy, but don’t want to continue the payroll cuts on the other 90% of us, maybe our answer is not to drive ANYWHERE anymore. Of course, then, a lot of people won’t get to their jobs. Or get their kids to school. Or make doctors’ appointments.
The world changes and we get poorer.
And meanwhile our state, local and federal governments are doing nothing to bring the once regulated price of gas down to where we can afford it again.
Related articles
- Obama says “enough is enough,” I agree but I suspect we are talking about two different things (quinnscommentary.com)
- White House Will Renew #40dollars Campaign On Twitter (readwriteweb.com)
- Why Congress Must Extend the Payroll Tax Cut Through 2012 (whitehouse.gov)
- David Plouffe: “Here we go again” (whitehouse.gov)
- $40 Means Being Able to Afford My Daughter’s Medications (whitehouse.gov)
- President Obama Pushes Congress to Extend the Payroll Tax Cut Through 2012 (whitehouse.gov)
- White House renews #40dollars campaign (politico.com)
- Obama: Payroll tax cut fight isn’t over yet – CBS News (cbsnews.com)
- President Obama asks America to make its voice heard on payroll tax cut (dailykos.com)
Rate this:
Posted in automobile, budget, Business, Corporations, Economics, Finance, Legal, News, Opinion, Politics, Warning, Word from Bill
Tags: $40.00, Filling station, gas prices, Middle-Class, President Obama, Republicans, Social Security, Tax, Tax deduction, United States







