Thursday, December 8, 2011

A CHANGE OF HEART.

The payroll tax cut, which would put money in the pockets of middle class and working people, was still being argued about in the United States Congress, although there were indications that the policy would help the economic recovery and stimulate job creation.

It was not a new idea, and according to experts, it made better sense than the Making Work Pay tax credit that it replaced, which dealt out about $400 a year for single workers and $800 for couples.

The payroll tax cut, on the other hand would be a little bit more, making single workers to have $1000, and couples getting no less than $1500 spending money, and that would help millions of households to handle their own personal and home economies.

That was the one President Barack Obama was pushing for, as that would give a boost to the country's flagging economy and assist job growth, while reducing the 8.6% unemployment rate, which was still too high.

The only problem was how to pay for it, with the Democrats in Congress wanting to score some vital points for the president in an election year, and clamoring for the wealthy to foot the bill, with which the Republicans disagreed; or whether the measure should apply to employers or employees.

The discussion has created more than a three-way tie in Congress, where some were saying that it should not come off the Social Security Trust fund, which some doubted, due to a letter from the Social Security actuary that the level of the funds would be "unaffected."

While others would not vote for a tax increase, no matter what, and with the rest saying that they should reverse to the old idea of the stimulus tax credit; and it certainly seemed the dialogue was headed for a stalemate as usual.

There has been a great deal of confusion about the whole issue, it looked as if Congress could not make its mind on anything to chalk up an isolated win for itself, and that was putting a sour taste in the mouths of voters.

To ordinary folks, the president was fighting to get something for the middle class and workers, as the wealthy had their tax cuts during the Bush era. The rational then was that the policy would positively affect the economy.

So was what the payroll tax cut likely to do, to achieve the same goal. Therefore, what was the problem?

The public could only deduce that Congress could never deviate from making a political tug-of-war about anything, or it would turn it into a political football, and not considering whether whatever step they took would benefit the people that voted them there or not.

With regard to the present state of the economy, let members put politics aside and do what was right for the electorate in this season of good will. They would have the appreciation of the nation, in that regard.

There must be a change of heart in Congress.

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