After Congress caved in to Harry Reid changing the payroll tax extension from a full year to two months, Barack Obama parroted a math error first reported on CNBC.com that this payroll tax extension would save the average American family $1,000. That is wrong. The Republican bill would have saved the average family $1,000, but the Reid bill they passed will only save the average family $166.
Obama said this on his facebook page:
President Obama congratulates members of Congress for reaching an agreement to extend the payroll tax cut: "Because of this agreement, every working American will keep his or her tax cut—about $1,000 for the average family."
In order for the average family to save $1,000, the average family would have to be making $25,000 a month. I don't make that kind of money. Maybe Obama does.
So here is the question. They are taking credit for the results of the Republican bill, even though they shot it down and passed the much more anemic Democrat bill. Incompetence or intentionality?