And the offset is coming from where??? Hmmmm? (answer: General Fund)
I'm sure you didn't miss that part, right?
And so the cuts in benefits don't get realized by folks like us (I assume you're not making more that 120k) - the benefit cuts help sustain a tax break for business and corporations.
The cap on fica deductions needs to be lifted. The cut on businesses needs to lapse. At that point, maybe a conversation about rate cut on the tax can be entertained. But the clear and obvious burden (from a percentage of income perspective) remains on the middle class, working poor, and people like my teenage kids who make dirt per hour but still pay FICA on every dollar they earn - while the rich and corporations see cuts and preferential treatment.
A Republican President would never get away with this. But his Eminence, the infallible Pope Obama can do whatever he wants and get defended by Democrats. It's indefensible and disgraceful.
Read the Article at HuffingtonPost
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