Re: GOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Credit
Posted by:
Let's See -
()
Date: December 01, 2014 04:58AM
fuck you pay me Wrote:
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> First, some data. In the recent midterm elections,
> a study by the Public Religion Research Institute
> found that white working-class voters -- defined
> as those lacking a college degree, and whose jobs
> paid an hourly wage -- voted for the Republican
> over the Democrat for Congress by a whopping
> margin of 61 percent to 26 percent.
>
> Got that? Good. Also, the "vast majority" of
> recipients of the Earned Income Tax Credit -- and
> remember, that credit only goes to people who earn
> enough money that, without it, they'd be paying
> income taxes -- are white, according to data
> collected by the National Bureau of Economic
> Research. Finally, the 2009 Obama stimulus package
> expanded the Child Tax Credit to make more working
> class families eligible. We don't have exact data
> on the racial composition of those who benefited
> from the expansion, but given that about half of
> families in poverty are white, we can extrapolate
> that somewhere around half of beneficiaries are
> white.
>
> Still with me? Okay. Now check this out, from a
> New York Times article about a deal in the works
> that centers around making corporate tax cuts
> permanent:
>
> The emerging tax legislation would make permanent
> 10 provisions, including an expanded research and
> development tax credit, which businesses and the
> Obama administration have wanted to make permanent
> for years; a measure allowing small businesses to
> deduct virtually any investment; the deduction for
> state and local sales taxes; the American
> Opportunity Tax Credit for college costs;
> deductions for employer-provided mass transit; and
> four different breaks for corporate and charitable
> giving.
> Smaller measures already passed by the Senate
> Finance Committee, from tax breaks for car-racing
> tracks to benefits for racehorse owners, would be
> extended for one year and retroactively renewed
> for the current tax year.
> [snip] Left off were the two tax breaks valued
> most by liberal Democrats: a permanently expanded
> earned-income credit and a child tax credit for
> the working poor. Friday night, Republican
> negotiators announced they would exclude those
> measures as payback for the president's executive
> order on immigration, saying a surge of newly
> legalized workers would claim the credit, tax
> aides from both parties said.
> It's worth noting that the deal would also mean
> the expiration, in 2017, of tax credits that
> support the development of wind power because, oh
> noes, the oil and gas industry thinks they are
> unfair. Doesn't the oil and gas industry receive
> billions in tax breaks? Er, well, hey, look over
> there!
>
> The absurd hypocrisy of that aside, think for a
> second about how Republicans understand payback.
> President Obama does something Republicans don't
> like on immigration, and their idea of payback is
> to stick it to working-class Americans who have
> kids, most of whom -- when we are talking about
> whites -- just voted to make them the majority
> party in both the House and the Senate. At this
> point, the only thing standing in the way of the
> loss of those tax breaks for working Americans is
> President Obama. Oops.
>
> I guess the lesson of the story is: be careful who
> you vote for. A better lesson of the story is:
> Republicans are boot-licking corporate sycophants
> who hate working families.
Why are irresponsible parents getting tax breaks over childless parents to start with?
Because they I'll legitimately made a baby? Or two? Or ten?
Giving a tax break to an irresponsible jerk who makes baby's before they can afford them is nothing less than a blood sucking leech on society.
Have none of you heard of 'Planned Prenthood'?
Get a job, first. Earn the money you need to privide for the child, first. Then you will not have to get tax breaks to provide for the child. Never the less children. Bumm!