Obama Tax Cuts Rejected In House
Thursday, August 2, 2012
No. 99ers were cut off.
Of the 6 million people who were then receiving unemployment benefits, Obama's deal covered only 2 million, and many of them got crumbs from his deal because in spite of the 13-month extension, benefits were cut off for many of those in the following months when they reached 99-weeks.
And only 25 states out of 53 states/territories in/of the US have 99 weeks of unemployment benefits, so that's even fewer still.
David Cay Johnston on Democracy Now! on Obama's deal to extend Bush's tax cuts "The worse off you are, your taxes increase":
Then there's the payroll tax 'holiday' in the deal - It sets SocialSecurity up for its end, and keeps getting extended by Obama.
"The bottom roughly 45 million families in America or households in America—and there are a little over 100 million households—they’re going to actually see their taxes go up. Republicans got an extraordinarily good deal, that raises, I think, basic questions about the negotiating skills of the President."
Read the Article at HuffingtonPost
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