Re: Obama
By: tkc
in
ALEA
Sat, 10 Sep 11 1:54 AM
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Msg. 05799 of
54959
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Hi CF, I've gotta say I'm disappointed in the Pres.'s "jobs plan." In particular the payroll tax cut. I can't imagine middle class workers hardly noticed the difference in "take home pay," the highly paid did a little while the lowest earners certainly didn't. Big business saved a bundle, although it certainly didn't stimulate job growth. So, now he wants to double it. Retirees receive S.S. benefits based on contributions, which increase w/ inflation. Who is going to make up the difference for the loses of the reduced contributions (employer and employee) and the inflationary cost associated w/ it over 20-30-40 yrs for younger workers. No wonder the GOP likes it. I suppose some might argue that w/o it, it could have been worse. It made no sense to me the first time, and doubled down it makes even less. Oh well.
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