I hate it when a reporter lies to me. Hate it.
The Washington Post‘s Harold Meyerson wrote, “Americas presumably anti-tax party wants to raise your taxes. Come January, the Republicans plan to raise the taxes of anyone who earns $50,000 a year by $1,000, and anyone who makes $100,000 by $2,000.”
Harold Meyerson knows better.
Anybody with access to a search engine knows better.
The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” enacted a two point payroll tax cut in your SOCIAL SECURITY withholding rate (it went from 6.2% to 4.2% of wages paid). According to the IRS, this “reduced Social Security withholding will have no effect on the employees future Social Security benefits.”
But it certainly has an effect on the countrys future Social Security viability.
See, this is politics at its worst. Mr. Obama sees a huge pot of money (the Social Security Trust Fund) he can use now, so he wants it at the expense of We the Overtaxed People who have to pay it back after we boot his skinny butt out of office. Just like the ballooning National Debt.
And Mr. Meyerson knows that.
Mr. Meyerson’s piece foments the very class warfare he pretends to abhor. The Washington Post should be ashamed.