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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Credit
GOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Creditby Ian Reifowitz at the Huffington Post
http://www.huffingtonpost.com/ian-reifowitz/gop-payback-to-white-work_b_6239006.html
"SNIP........................
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.
.......................SNIP"
Oldtimeralso
(1,935 posts)Only billionaires and stupid people can support the GOP!
Prophet 451
(9,796 posts)They just don't give a shit. They know their base will believe black is white if Fox says so.
Wellstone ruled
(34,661 posts)Totally forgot about the Earned Income Tax Credit and how it could be used to distort people from what was the original intent. Without a doubt this is a wedge issue being used by the payback Rethugs. Message here is F--you Democrats,take it or shove it. So much for working across the isle. Never was and never will be with the ego's in place at this time. Here you go folks,bend over and no Vaseline.
JDPriestly
(57,936 posts)Some voters are just hopeless. They never learn.
Scuba
(53,475 posts)Takket
(21,425 posts)The parties are exactly the same
One_Life_To_Give
(6,036 posts)Their view of "working class" doesn't fit with EIC income guidelines. In their view "working class" would be full time $10-$30/hr
n2doc
(47,953 posts)Autumn
(44,765 posts)That's just how they work it.
drray23
(7,587 posts)Given the lack of awareness and critical thinking of their electorate, the gop will suffer no negative consequences. Since president obama is in power they will blame it on him. The same thing happened for the sequester.
aspirant
(3,533 posts)Plus 440 billion in non-offset oil welfare and erasing renewable subsidies. Reid helped create this sellout, Schumer put in his 2 cents, so when are we going to start hearing that we must cave to stop a govt shutdown. Here comes the good cop, bad cop nonsense; the lesser of 2 evils.
sinkingfeeling
(51,281 posts)Blue Idaho
(4,988 posts)Or does their racism blind them to their own self interests? The GOP does not give a shit about the working classes. Never have, Never will.
Meanwhile Scrouge McDuck and his pals are still lighting their Cuban cigars with hundred dollar bills.
lark
(23,006 posts)PrBelvr
(19 posts)Isn't this considered a tax increase? How is this decision reconciled with the pledge they signed with Grover Norquist and Americans for Tax Reform? The press ought to be grilling them on this decision!
blkmusclmachine
(16,149 posts)bob-connors
(27 posts)belzabubba333
(1,237 posts)not something to vote against". maybe it'll get people off the couch to vote
Turbineguy
(37,213 posts)The GOP needs to go against those who vote for them. Giving tax breaks to the rich and corporations is just too subtle.
lindysalsagal
(20,444 posts)Most americans are too stupid for subtlety.
czarjak
(11,197 posts)Voting against their own best interest. Again.