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Comments about ‘Congress approves tax cut bill, Obama signs legislation’

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Published: Friday, Dec. 23 2011 11:52 a.m. MST

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DN Subscriber
Cottonwood Heights, UT

Translation of their "accomplishment":

Congress just approved a 50% cut in the amount of money to be paid into the bankrupt Social Security system next year, hastening its collapse.

And both Democrats and Republicans are proud of their actions? Time to throw all the bums out. All they know how to do is spend money we don't have and destroy our economy and hand the bill off to our kids and generations yet unborn.

KM
Cedar Hills, UT

Lets all give a big huraaaay that Obama is taking money away from the Social Security program to make it appear that he is for lower taxes. Since when have the left ever been for lower taxes? Never!

KM
Cedar Hills, UT

It redistributes $20 per week per worker and $300 per week per non-worker. Biden says "they are not about getting people more dependent on government." Sure!
This comes out of the SS fund which doesn't have enough money to pay retired folks. To hear the DNC media report on this...its a win for Obama and the Dems. Tell that to those recieving SS. And this is a two month deal? See you again in a couple of short months.

Pagan
Salt Lake City, UT

'And both Democrats and Republicans are proud of their actions?' - DN Subscriber | 9:31 a.m. Dec. 23, 2011

Blocking tax breaks was a Democrat action?

Short memory:

*House GOP REJECTS 2-month payroll tax cut By Andrew Taylor AP Published by DSNews 12/20/11

Yeah, that was x72 hours ago.

Go back farther?

*Senate Republicans likely to kill Obama jobs bill By Andrew Taylor AP Published by DSNews 10/11/11

Farther?

*'Republicans bail on budget talks, blame Democrats' - By David Espo - AP - Published by DSNews - 06/23/11

Farther? How about jobs?

*John Boehner: If GOP Cuts Cause Federal Job Losses...'So Be It' - Huffington Post - 02/15/11

Republicans have worked frantically to shut DOWN any economic recovery.

'I hope he (Obama) fails' - Rush Limbaugh.

As such, they should get the CREDIT for their horrible works.

*'S&P warns it may downgrade U.S. credit rating' - By Martin Crutsinger - AP - Published by DSNews - 07/15/11

*'Dow average plunges 513, worst drop since 2008' - By David K. Randall - AP - Published by DSNews - 08/04/11

And 'yes' the credit downgrade WAS just two months after Republicans bailed on the US budget.

Richie
Saint George, UT

I would like to know how Utah's Senators and Congressmen voted on this stupid bill.

Liberal Ted
Salt Lake City, UT

We're saved!

That was soo easy of a fix. Why didn't they just for this months ago? It's not like they're going to have to vote on this again for another two whole months. That just seems forever from now.

DeltaFoxtrot
West Valley, UT

@DN Subscriber: The whole point is to bankrupt Social Security. The program is a failure and needs to be swept away... bankrupting it is the first step. Once that is done the govt. can figure out some new plan.

atl134
Salt Lake City, UT

@DN Subscriber, KM, and DeltaFoxTrot
The bill collects fees on mortgages held by Fannie and Freddie and uses those to fill the void left in payroll tax money going into the social security fund.

atl134
Salt Lake City, UT

"The two-month version's $33 billion cost will be covered by a .1 percentage point increase on guarantee fees on new home loans backed by mortgage giants Fannie Mae, Freddie Mac and Ginnie Mae at a likely cost of about $17 a month for a person with a $200,000 mortgage."

That is what is going to cover the losses in payroll taxes so the trust fund isn't being raided here. This is also why the bill was only for 2 months, because this only provides enough revenue for 2 months worth.

t702
Las Vegas, NV

...what?...we sent the man to the moon but we can't figure out how to balance the check book? what a joke! ok kids, quit making this as though it's an accomplishment.

UtahBlueDevil
Durham, NC

Lets see, we have a program that is solvent for the next 20 to 30 years with no change, and covers the needs of millions of senior citizens. Sounds like a colossal failure to me.

You have got to love the crowd that actually believes the government can do anything right. Nothing. Nada.

And they want to be in charge.

Air traffic control... failure

National Park System... a disgrace

Our military folks - complete losers and failures

And at the same time they proclaim themselves to be patriots and constitutionalist.

The one thing that may be true is this is a nation of civilian government, of the people, by the people and for the people.... so in that case, perhaps there assessment is accurate. Perhaps some of these people are failures, and that is why they hate their government so much. Its all a circular thing perhaps.

We could surely do better, but I still believe our government is the best thing going out there, problems and all.

Fred44
Salt Lake City, Utah

KM How is this on President Obama? Congress including the Republican controlled House passed this bill. It amazes me how leaving a couple of bucks in middle class and poor peoples pockets is such a horrible thing, but when there was talk of letting the Bush tax cuts expire, and the wealthy were going to get hit hard, nobody seemed to care about the "loss" of revenue and the impact on the debt. The problem with this message board is the same problem we have in congress. Nobody will let the facts get in the way of pushing their political agenda. If we want to argue that we can't afford to maintain the FICA tax break because we won't be able to pay for the future fine, but that same logic should apply to the Bush tax cuts because we are 14 trillion dollars in debt. I understand many contributors to this board are frustrated because the Tea Party members in the House thought they had passed a bill that backed the Senate and the President into a corner but were outmaneuvered by the senate both republicans and democrats. This continued game of political chicken with the economy has got to end. Both parties have created this mess and it will take both parties working together to get us out of this mess. Continuing the political games is only going to make things worse.

A1994
Centerville, UT

Well. The world can start spinning again. Can someone please explain how giving a $40 per paycheck tax cut for ONLY two months is going to spur the economy. Is this the Democrats idea of good times?

Once again, the new Democratic mantra: "It's not as bad as it could be."

xscribe
Colorado Springs, CO

@A1994: Will that same $40 for a year do that much more?

A1994
Centerville, UT

@xscribe

That's the point. It doesn't really matter either way, does it? I'm not really sure why either side picked this as a battle (unless they are doing something else that they'd rather not be noticed.)

The President's economic plan is so hollow. He has nothing. But yes, it seems like if you are going to really help the middle class, if it was so vital to pass this, then why only for two weeks?

A1994
Centerville, UT

*oops. Two months.

don17
Temecula, CA

The bill is short to read. If you read this article and the bill you see some facts that make this bill(that the Senate shoved down our throats)stand out more clearly. If we had waited until after the holiday we would have had maybe $60 less for the moment! But, lets do the math. The bill is paid for by a .1 percent increase in the cost of a mortgage. 17 Dollars per month for the duration of a standard Freddie/Fannie mortgage(360 months)(30 Years) or an EXTRA 6,120 dollars! Check Mate to the Senate for cheating the average Citizen! Who does not need a Freddie/Fannie backed mortgage??? The top 10 percent!

So instead of following the Republican plan. Which paid for the Payroll Tax deduction with cuts in the budget to offset the expense of doing this and thus allowing 120 to 250 Billion Dollars to still go to Social Security(keeping it closer top solvent) Obama and Reid shoved a tax on all of us regular folks! And gave a tax deduction to those who worked hard and have more! Even for 2 months the Democrats taxed the regular Joe again!

mohokat
Ogden, UT

@don17 You hit it right. They call it a mortgage fee. It is in fact a tax. Remember Obama said so many time it was like a broken record " anyone making less than $250,000 a year will not see their taxes go up. But lets see in Obamacare there is a sales tax when you sell your home. This guy couldnt tell the truth if he had to. Obama said is this place that dysfunctional? Duh and who has been the leader in dyfunction?

Schwa
South Jordan, UT

It's entertaining to hear conservatives complain about a tax cut. What happened to wanting government to be so small you can drown it in a bathtub?

A1994
Centerville, UT

@Schwa

Will this be a tax cut in two months? There are tax cuts that mean something and tax cuts meant to make a politician appear caring. This is the latter.

It's just so amazing that anyone can call this whole thing anything but pure stupid. Don't get me wrong. I thought it was a stupid idea when Bush decided that all the economy needed was for the Federal government to send everyone $300 and hope they bought something.

But this whole notion that adding $40 less to social security for 8 weeks and instead calling it a tax cut is somehow going to save the middle class is just ridiculous. Is the money no longer going to be vital in March?

"Things aren't as bad as they could be!"

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