Originally posted here:
YES—I got a pay cut, you got a pay cut, we all get pay cuts, not just the people making over 400K—despite the countless media reports saying the “Fiscal Cliff deal” will not raise taxes on middle income and working poor. The L.A. Times wrote about this, and there are differences between their online version of the story, and the version that showed up yesterday in the print edition of the newspaper.
What’s interesting is that the print edition of the L.A. Times is titled “Workers to see Smaller Paychecks”.
In the online edition of the times, the headline says “Consumers to see Smaller Paychecks.”
In the print edition of the Times, there is a graph showing how much more Uncle Sam is going to ding you this year, based on your income.
However, the online version of the story, linked above, has no such graph.
Someone I know asked me, “What did Obama say?”
So I looked it up.
Happy New Year, everybody.
A central promise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working middle-class Americans. Tonight we’ve done that. Thanks to the votes of Democrats and Republicans in Congress, I will sign a law that raises taxes on the wealthiest 2 percent of Americans while preventing a middle-class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across America.
I want to thank all the leaders of the House and Senate. In particular, I want to thank the work that was done by my extraordinary Vice President Joe Biden, as well as Leader Harry Reid, Speaker Boehner, Nancy Pelosi and Mitch McConnell. Everybody worked very hard on this and I appreciate it. And, Joe, once again, I want to thank you for your great work.
Under this law, more than 98 percent of Americans and 97 percent of small businesses will not see their income taxes go up.
Is it me? Or is that an out-and-out, disgusting lie?
Well, what the hey…it’s good for Wall Street!!!
From Prairie Fire News:
“The Stock Market gained over 300 points yesterday on the news a “deal” had been reached. Did you feel the warmth of the trickle down?”