You really have a distorted view as to the role of the Federal Govt. in a free enterprise, capitalistic economy. It isn't the role of the govt. to create jobs, guarantee salaries, and expand. That is the role of the private sector which Obama doesn't understand nor do his supporters.Objective Voice;1059176421]The question wasn't did they help wage earners keep more money in their pockets. Pres. Obama's tax cuts via the Stimulus did that, but a mere $15-25 put back in my paycheck isn't going to get me into that $50-100K income bracket. Of course, anyone who thinks such a meager tax decrease would move the bar so drastically is just plain foolish. What I and others here have been arguing is that the Bush tax cuts (or the continuance of Reaganomics..."tickle-down economics") didn't do as promised. They didn't:
- create new jobs for lower income people
- increase salaries to lower and middle income people
- expand business opportunities particularly in manufacturing and infrustructure
- reduce poverty
You also have a distorted view of the Obama tax cuts. How are they helping you today? Looks to me like you aren't employed because you have no idea. Those were rebate checks, not ongoing tax cuts. Once they were spent they were gone. No withholding cuts at all which would have meant more take home pay on EACH paycheck.
You seem to have a problem with people keeping more of what they earn. It is THEIR money first
Now there you go again, "tax breaks were geared more to aid the higher wage earners" which then ignores Obama's comments that extension of tax cuts to the middle class benefit the economy. Which is it? Did the middle class get a Bush tax cut or not?Instead, by all accounts they did the exact opposite. Why? Because the tax breaks were geared more to aid the higher wage earns than those at lower income brackets which I totally understand. However, the issue many lower and middle-class wage earners have a problem with is those at the top didn't put their money back into growing their businesses, didn't increase wages substantially, and they didn't provide those opportunities for prosperity that those who believe in the tax cuts claimed they would do. The Census data I presented bore out those facts which you really can't deny (though you will continue to try).
Stop with the strawman and diversion from reality. The Bush economy prior to 2008 created 8.5 million jobs. Obama has lost 4 million jobs since his economic stimulus plan was put into place. Bush inherited a recession, had 9/11, and the financial bubble bursting.
Tax cuts mean more take home pay and still benefit all workers today. Tell me why 47% of income earners don't pay any Federal Income taxes? Is that fair? So instead of focusing on those 47% you focus on the top 2% which pay almost 40% of the Federal Income taxes now. That doesn't make any sense to anyone who can think clearly.