September 29, 2016

SENATE PAYROLL TAX BILL: IS IT REALLY THE ONLY OPTION?

Last night, President Obama stood in front of America and told us that the Senate’s bill for the payroll tax was the only option.  The only option — he repeated these words twice.  He claimed that the House Republicans were wasting American’s time and it is due to their actions that the American people will see their taxes go up in 11 days. 

Obama also said that hardworking Americans that just can’t get a job will lose his assistances in just 11 days.  This is all because of those terrible House Republicans who just don’t play by the rules.  He gave this speech while standing in front of a countdown clock. 

I don’t know about you, but it all seems just a little crazy to me — to see the President of the United States standing in front of a count down clock like we’re all waiting for world destruction. 

So the real question is: why are the House Republicans doing this?  Why are they insisting on ruining everyone’s holiday season?  Well, they see a two-month extention as a gimmick — very much like the countdown clock.  They realize that small business owners, big companies, and the individual person can’t be constantly adjusting their paychecks based on the newest whim of the government.  They have asked the Senate to come back from their holiday season and extend the payroll tax cut for one year.  Is that a terrible request — to stop the fighting and give the American people a break?

The way I see it, in uncertain economic times, the American people want assurance that Washington knows what it is doing.  They are tired of hearing the fighting, especially when both sides claim to want the same thing. 

The real question is: why is the President and the Senate scared to give the American people a one-year tax extention?  Why are the waiting until January to do something that they can do tomorrow?  What is their game plan?  From where I sit, it seems like political maneuvering to make one side look bad. 

Don’t forget — Obamacare was passed on Christmas Eve night in the middle of a snow storm.  That only cost the American people trillions — yet our $1,000 dollar savings just doesn’t seem that important.

Anna Domzalski is a staff writer for the Financial Bin. Anna will soon begin her role as Dean of Financial Bin University and will conduct online budgeting classes beginning in February 2012. She can be reached via email at Anna@FinancialBin.com.

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