Professor Jacobson explains why Taxin' Barry is suddenly wanting to give you a "tax cut."
I’ve been beating the drums since before the 2008 election that Obama’s plans for revamping how FICA money is paid and used — the most recent being the “payroll tax holiday" — should have liberals screaming.
Obama almost singlehandedly is taking a sacrosanct flow of FICA money and turning it into just another “tax” to be played with a political circumstances dictate. In this case, the political circumstance is a second year of diminished FICA payments as part of a class warfare strategy to get Obama reelected.
FICA, however, is not an ordinary tax, it is the funding mechanism for Democrat’s most cherished program. Politicizing the flow of FICA contributions moving into the pipeline makes it that much easier to politicize the flow of benefits exiting the pipeline.
Moronic Republican leaders are once again jumping into the Democrats' trap with both feet. The only thing voters who get their news from the mainstream media are hearing is "those evil Republicans won't let Obama give you free money:"