Page 3 - Making Work Pay News Today

Years payroll tax holiday means another $105 billion a year will not flow into the end, into social security. is this threatening social securitys finances? and now, we get that question answers. let me repeat this, this payroll tax holiday means $105 billion in social security taxes is not being collected, $105 billion a year, not flowing into social security. i say, that undermines the finances of social security and you say? >>guest: well, it doesnt. it is a silly argument because if we had d...

The top. at the same time in december, remember the republicans raised taxes on everybody in america who has a job who makes 20,000 or less if theyre single, $40,000 if theyre married. none of the news reports talk about this. the republicans keep saying they cut taxes. no. they cut taxes on the well to do. they raise taxes on people who make, whether theyre single or married, under 20,000 or $40,000 because they killed president obamas making work pay tax credit. >> but hes a tax-and-spend libe...

At the same time in december, remember the republicans raised taxes on everybody in america who has a job who makes 20,000 or less if theyre single, $40,000 if theyre married. none of the news reports talk about this. the republicans keep saying they cut taxes. no. they cut taxes on the well to do. they raise taxes on people who make, whether theyre single or married, under 20,000 or $40,000 married, under 20,000 or $40,000 because they killed president obamas making work pay tax credit. >> but ...

Where are they? there they are right there. all right. they run -- good to see you guys. they run a small business called imperial textiles, and thanks to the sba loan that they received, they didnt have to lay any workers off last year. in fact, they were able -- they were even able to purchase a new building. is that right? so, today theyre starting to look to hire again. you guys can sit down. all across america weve taken steps like these to help companies grow and add jobs. last year we ena...

Affecting everybody. i picked this because it was the lowest hanging fruit. >> but when you take them together the burden goes down. i thing -- >> neil: wait, how is it going to go down for folks looking at a $1,000 bill? >> the making work pay tax credit is more than $1,000. >> neil: so you have -- still going to come out ahead. >> exactly. you come out ahead. >> neil: ethan, are you a lawyer? because youre very good. >> i am an economist. >> well, thats kind of the same. good seeing you. >> th...

Dollars in deficit reduction contained in this budget while also investing in job creation this year. they are the two key imperatives that we face. >> youre also, i understand, allowing the bush tax cuts from 2001 and 2003 to expire. stop me if im wrong. that tax cuts is people making over $250,000. if the successful, rich people are the ones who hire, is this the right time to tax them more? >> well, look, all were doing is returning the margin tax rates to the rates that applied in the 1990s ...

Administration. now, individual income taxes as a percentage gdp have dropped from 9.7% in 2001 to 6.2% in 2010. folks, thats a 36% drop. numbers havent been that low since world war ii. now, to be fair, many of those numbers really are low due to the economy and the recovery and the record job losses that weve seen in this country but president obama has also made a habit out of cutting taxes, just what they wanted all along. the president passed a making work pay tax cut. he extended the bush ...

Administration. now, individual income taxes as a percentage gdp have dropped from 9.7% in 2001 to 6.2% in 2010. folks, thats a 36% drop. numbers havent been that low since world war ii. now, to be fair, many of those numbers really are low due to the economy and the recovery and the record job losses that weve seen in this country but president obama has also made a habit out of cutting taxes, just what they wanted all along. the president passed a making work pay tax cut. he extended the bush ...

Republicans over this, because theyre so committed to this. the thing that makes this so interesting to me is that when they released their pledge last week and talk about the things that they would do if they had control, they said, we want to end the end of the recovery act. and half of those unobligated funds would be in something called the making work pay tax cut that we implemented that goes to the middle class, so 110 middle class families would see their taxes go up under the republican ...