Jan. 4th, 2013

it's alive!

Jan. 4th, 2013 08:52 pm
jaynells: oscar the grouch (Default)

So, that webcomic I'm doing with Kristen Ridley? It's live! Oh my God! So, if you wanna read a buddy-story-meets-space-opera with queer characters, click your heart out.
jaynells: oscar the grouch (Default)
So, Republicans? The party of tax cuts? Really wanted super-low taxes on the rich? This was kind of their whole thing during the fiscal cliff negotiations?

You'd kind of think that this would mean that they'd also want to keep the payroll tax holiday. Since that would mean workers were. Y'know. Paying lower taxes. Getting less taxes taken out of their paycheck. That kinda thing.

But instead, the expiration of the payroll tax holiday was a concession (or "concession," depending on which theory about the negotiations you're partial to) from the Democrats.

I mean, we all know the Republicans don't give a fuck about poor people. Or even middle class people. But aren't they supposed to at least have a fig leaf? What with all the Joe The Plumber/champion of small business/Sarah Palin-cutting-the-g-off-all-words-to-sound-folksy b.s.?

You could argue, I guess, that since those taxes go to Social Security and Medicare, Republicans just want to starve the beast! Evil entitlements! Except it's the Tea Partiers that were all, "Get your government hands off my Medicare," and as, um, confused as that statement is, it at least shows that they value Medicare, which implies that Republicans... shouldn't starve the beast? Then again, their constituents won't blame them for it, since they're idiots (see: "Get your government hands off," etc.). So maybe it's us greedy "takers" that aren't paying our "fair share" for those programs? But, again, if you truly want to Starve The Beast, it would be great for less people to pay for it, right? Let it die and privatize that fucker! Right? Neither provides a good explanation.

So I did some Googling. First: even Ross Douthat likes the payroll tax holiday.

Second, according to Media Matters:

Rep. Michele Bachmann: Payroll Tax Holiday "Hasn't Helped To Turn The Economy Around."


[...]

[Senator John Kyl, R-AZ]: The payroll tax holiday has not stimulated job creation.

Sen. Orrin Hatch: Payroll Tax Holiday "Proven To Be Ineffective" At "Stimulating Economic Growth."

[...]

Rep. Paul Ryan: Payroll Tax Has "Already Proven To Fail."

Oh. Okay. But all those corporate giveaways, those totally create jobs. Yeah.

During a June 26, 2011, appearance on CNN's State of the Union, Moody's Analytics economist Mark Zandi stated: "On the other side of that, there are a few things I think that can be done that would make a difference in the very short term if we need it. So extending the payroll tax holiday for another year seems like a reasonable thing to do. I think that can get done politically. Without that payroll tax cut this year, I think we'd be skirting recession now because of the higher energy prices." (CNN's State of the Union, 6/26/11, emphasis added [by Media Matters])

[...] Moody's Analytics estimates that every $1 reduction in federal tax revenue resulting from an employee-side payroll tax cut expands the economy by $1.27. (CBPP.org, 9/7/11, emphasis added, internal citation removed [by MM])

[...]

CBO estimates that reducing employees' payroll taxes would raise output cumulatively between 2010 and 2015 by $0.30 to $0.90 per dollar of total budgetary cost. CBO also estimates that the policy would add 3 to 9 cumulative years of full-time-equivalent employment in 2010 and 2011 per million dollars of total budgetary cost. (Elmendorf Testimony, 2/23/10, emphasis added [by MM], via CBO.gov)

So, now those of us who don't make much money (*raises hand*) are getting a larger chunk taken out of their paycheck and it's the Republicans who wanted it. And it's basically just a blatant, "We won't give you higher tax rates on the rich unless you hurt some poor people." I mean, seriously. What the fuck.

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