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applegrove

(118,025 posts)
Mon Dec 1, 2014, 01:00 AM Dec 2014

GOP '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 Credit

by 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"
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GOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Credit (Original Post) applegrove Dec 2014 OP
As I Have Said in the Past Oldtimeralso Dec 2014 #1
They don't care Prophet 451 Dec 2014 #2
This is going to be very interesting to say the least. Wellstone ruled Dec 2014 #3
K&R. JDPriestly Dec 2014 #4
Republicans believe only the poor should pay taxes. Scuba Dec 2014 #5
But there is no point voting because Takket Dec 2014 #6
They don't equate EIC with working class One_Life_To_Give Dec 2014 #7
And the idjits will blame Obama, of course, if this happens n/t n2doc Dec 2014 #8
They will pass a bill, if Obama signs it yes Obama will get the blame. Autumn Dec 2014 #9
no consequence for gop drray23 Dec 2014 #10
Where's Sanders,Warren and HRC voices? aspirant Dec 2014 #11
But, but, they've got to keep those business credits, including the one sinkingfeeling Dec 2014 #12
Will they never learn? Blue Idaho Dec 2014 #13
Obama should veto the bill, but probably won't. lark Dec 2014 #14
What hypocrites! PrBelvr Dec 2014 #15
So, will one-way Democratic "bi-partisanship" FINALLY come to a long overdue end?!?! blkmusclmachine Dec 2014 #16
What has the Tea Party done for anyone other than the Koch brothers and their top 1% cronies? bob-connors Dec 2014 #17
well wasnt that something to vote for ,those of you saying "we need something to vote FOR belzabubba333 Dec 2014 #18
Good. Turbineguy Dec 2014 #19
I wanna see them attack Obamacare and social security lindysalsagal Dec 2014 #20
Low information voters... czarjak Dec 2014 #21

Prophet 451

(9,796 posts)
2. They don't care
Mon Dec 1, 2014, 01:17 AM
Dec 2014

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)
3. This is going to be very interesting to say the least.
Mon Dec 1, 2014, 01:31 AM
Dec 2014

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.

One_Life_To_Give

(6,036 posts)
7. They don't equate EIC with working class
Mon Dec 1, 2014, 09:44 AM
Dec 2014

Their view of "working class" doesn't fit with EIC income guidelines. In their view "working class" would be full time $10-$30/hr

Autumn

(44,765 posts)
9. They will pass a bill, if Obama signs it yes Obama will get the blame.
Mon Dec 1, 2014, 10:25 AM
Dec 2014

That's just how they work it.

drray23

(7,587 posts)
10. no consequence for gop
Mon Dec 1, 2014, 11:00 AM
Dec 2014

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)
11. Where's Sanders,Warren and HRC voices?
Mon Dec 1, 2014, 11:32 AM
Dec 2014

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.

Blue Idaho

(4,988 posts)
13. Will they never learn?
Mon Dec 1, 2014, 01:49 PM
Dec 2014

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.

PrBelvr

(19 posts)
15. What hypocrites!
Mon Dec 1, 2014, 09:27 PM
Dec 2014

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!

 

belzabubba333

(1,237 posts)
18. well wasnt that something to vote for ,those of you saying "we need something to vote FOR
Tue Dec 2, 2014, 08:48 AM
Dec 2014

not something to vote against". maybe it'll get people off the couch to vote

Turbineguy

(37,213 posts)
19. Good.
Tue Dec 2, 2014, 11:18 AM
Dec 2014

The GOP needs to go against those who vote for them. Giving tax breaks to the rich and corporations is just too subtle.

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