Wednesday, October 12, 2011

Republicans Vote Against Middle Class Jobs Bill

Last night, even though a majority of the Senate voted in favor of President Obama's jobs bill, it failed because it did not receive a 60 vote filibuster-proof majority.

The bill would have provided for
  • a large cut in payroll taxes for the middle class, leaving more take-home pay of spendable income
  • extending unemployment benefits
  • funding for job training
  • $35 billion for states to rehire laid-off teachers, police and firefighters.
And it would have been completely paid for by a 5.6% surtax only on incomes over $1 million dollars. So if you made a million dollars next year, your taxes wouldn't increase by even one cent. If you made over a million, say $1,100,000, then you would have to pay an additional 5.6% only on that additional $100,000 above and beyond the first million. So if you made $1,100,000, you'd pay an additional $5,600. That's it. That's what all the fuss is about.

This would affect only one tenth of one percent (0.1%) of Americans.  But the Regressive republicans don't care about the US economy, the middle class, jobs, or small businesses. They have proven, once again, that they only care about the very richest one tenth of one percent of the population.  Every Republican voted against this economy-saving, completely paid for jobs bill. Remember this next year at election time. And send this blog to all your Regressive republican friends.

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