Back in August when President Obama announced his intentions to present a jobs bill when Congress returned from their vacation, the entire world knew that bill would be rejected by Republicans – dead on arrival. Well sadly, everyone in the world got this one right. Republicans just announced that getting Americans back to work, is not their main priority.
House Republican leaders say they are rejecting President Barack Obama’s jobs proposals to rebuild schools and blighted neighborhoods, and help keep state and local employees on the job.
In a memo to GOP lawmakers that was also issued publicly and reprinted in The New York Times, House Speaker John Boehner, House Majority Leader Eric Cantor, R-Va., and other Republican leaders also objected to the president’s proposal for a temporary reduction in payroll taxes, in order to boost consumer spending and increase demand.
The GOP leaders say such a temporary reduction means taxes will go up later when the reduction expires in 2013.
“While employees would see an additional temporary benefit from this proposal in 2012,” they wrote, “they would experience a larger effective tax increase 12 months later when the payroll tax reverted back to its full level.”
So Republicans have decided not to put middle class America back to work. Here are their concerns: One of the benefits of the jobs bill will be a payroll tax cut. That tax cut will temporarily reduce taxes from their current rate and is designed to trigger more hires by the private sector. After the temporary payroll tax cut expires, the rate goes back to what they are right now, not more than they are now, but the same rate you’re paying this very second.
This is what the Republicans are calling a tax hike, and this is their reason for rejecting a bill that has the potential to put millions of Americans back to work.
The politics at play here are sickening. The ideas outlined in the President’s jobs plan were previously submitted by these very same Republicans, but now, because of their agenda to make this president fail, these Republicans have decided to finish what Bin Laden started, and that’s to destroy the American economy.
Republicans, Al Qaeda, Taliban… they’re all the same to me.