As of now, I am in control here, in the White House

Obama Launches “$40” Payroll Tax Cut Campaign

President Obama is stepping up his PR war against House Republicans with a just-scheduled 12:15 pm ET appearance at the White House to tout a new campaign highlighting the tax break families will lose if the partial payroll tax holiday is not extended.

From the White House:

In the afternoon, the President will continue to urge House Republicans to do what’s right for the American people by allowing a vote on the short term bipartisan compromise passed by almost the entire Senate.  If Congress fails to extend the payroll tax cut, the typical family making $50,000 a year will have about $40 less to spend or save with each paycheck.

Obama will point people to a new section of the White House website where they can “share what a $40 paycheck means to them.” In addition, he’ll urge them to make use of a new Twitter hashtag, #40dollars.

The White House has also rounded up a group of citizens “who would see their taxes go up” to appear alongside Obama. Unclear if they’ll recite their assuredly heart-rending tales of prospective woe.

Obama has been demanding that House Republicans move a two-month payroll tax cut extension approved by the Senate.

Obama today will leave unsaid, of course, that everyone’s taxes will also go up if the Senate fails to return and act on the House-passed year-long payroll tax cut extension.

1030 Responses to Obama Launches “$40” Payroll Tax Cut Campaign

  1. Mmm that is forty a check not to fund my social security trust fund? The unemoloyed aren’t paying payroll taxes so they don’t get the two month holiday. At what point is it no longer a tax cut? If it was for only a week would BS call it a cut? Will he rail against making the Bush tax cuts permanent? GOP should call his bluff and link a zero rate for capital gains to the continuing resolutions to keep the sleighs running in yellowstone…you deserve the politicians that you elect.

  2. What a bunch of campaign B.S. He uses a 40 dollar tax break for campaigning when He and Michelle take another 4 plus million dollar
    vacation. Transportation cost because B.O. is going later is 3.6 million on
    a millitary plane. Marthas Vinyard was in the millions because they flew
    separtately. Also Michelle’s African Safari vacation was also in the millions.
    These people think that they are royalty with the U.S. treasury at their disposal. The way B.O. has spent money, Though, it is about empty. He claimed he is the 4th. best president of all times. What a Narssist. One thing he does rank No.1 at though, is the worst president of all times.

  3. Here is how we pay for the tax break from Social Security taxes (was .062 will be .042 plus your employer will not pay their portion of the .02%) That means that your are losing .04% contribution to SS.

    Also if you are making $50,000 a year your weekly savings would only be $19.23 (50,000 x .02 = $1,000 divided by 52 weeks = $19.23. Not sure when the President took math classes at. Social Security is the only tax withheld from your paycheck that does not give you credit for the number of dependents you have. It is a flat tax.

    Also President Obama already pushed Granny over the cliff in his Health Care bill. It took $500,000 from Medicare. It will charge a % on joint replacements, which we know are mostly the elderly. As the dollars going to doctors are reduced by Medicare less doctors will accept Medicare patients.

    I called my Senator today and read him the riot act (easier when you get voicemail.) and said the 2 month extension was BS and we NEED that pipeline for jobs. Call your Senators and tell them to get their butts back to Congress and pass the House bill. It is for a year, it helps the unemployed and creates JOBS something this administration doesn’t seem to understand.

    The Post’s T.W. Farnum did some research and found that out of the total sum, just 638 workers on Capitol Hill owe the IRS $9.3 million in back taxes. As in, overdue. The IRS gets stiffed by the legislative body that controls its budget. How Washington works.

    Tom Daschle, the former Democratic senator, owed something like $120,000 to the IRS for things from his subsequent benefactor that he just forgot to pay taxes on. .

    Timothy Geithner owed something like $42,000 in back taxes and penalties to the IRS

    And under Geithner’s expert guidance the U.S. economy has been, well, wow! Just look at it.

    Privacy laws prevent release of individual tax delinquents’ names. But we do know that as of the end of 2009, 41 people inside Obama’s very own White House owe the government they’re allegedly running a total of $831,055 in back taxes.

    In the House of Representatives, 421 people owe a total $6,524,892.
    In the Senate, 217 owe $2,774,836.
    In the IRS’ parent department, Treasury, 1,204 owe $7,670,814.
    At the Labor Department, 463 owe $7,481,463.
    Eighty-one workers for the Federal Reserve System’s board of governors owe $1,076,733.

    Over at the Justice Department, which is so busy enforcing other laws and suing Arizona, 1,971 employees still owe $14,350,152 in overdue taxes.

    Then, we come to the Department of Homeland Security, Within that department, there reside 4,856 people who owe the tax agency a whopping total of $37,012,174.

    — Andrew Malcolm
    I edited out some of the not so important info.

  4. boo hoo how can a person live another day without that 40 bucks?
    cry me a river and while your at it who is putting the money back into the ss fund?

  5. “My 3rd baby daddy went to jail an’ I gotta feeds mah keeds, dat’s why uh need muh 40 dallaz!”

    Of course welfare mommy doesn’t pay payroll taxes but she doesn’t know that and will ‘Tweet’ said comment anyway.

  6. Wow, two months and $80 dollars out of my pocket if the House has its way. Seems like like 12 months and $480 dollars in my pocket is a better deal. Tell me again how I make out by getting a break for only 2 months Mr. Prsident? Why not 12 months? I think someone is trying to pull the wool over Americans eyes, and it is not the House Republicans. They want us to have 12 months of a reduced payroll tax. I’m on their side.

  7. If 2 months is so wonderful, why not a whole year? Why not forever? Why not throw out the whole awful tax system and try something else? Why not let me opt out of ss and unemployment? Why not let my 15 y.o. opt out. I don’t think they’ll be anything there for me, but I KNOW there won’t be for him!

    • I am 68 and feel you are correct. I am disgusted with the whole bunch in Washington. The Dems are the worst. i moved off shore but not many have this option.

  8. Looking at some of these comments, I am dumbfounded. Does anyone understand how an economy works, how the free market system works, how government interference in that free market system always has a detrimental effect on investing profits and jobs? I see” We need a president who can create jobs”.. I see that “Companies are sitting on mountains of cash”.. I see ” The rich should pay more”.. I see “the $40 will help create jobs”. Holy &^%$%! Really!!! We are 17 Trillion in Debt, We operate at a deficits measured in trillions, the dollar is on the brink of worthlessness and we quibble over BS like this.
    Just to get the record right.. 1) We need a president and CONGRESS who will get the He!! out of the way. 2) Taxes will eventually go up… That’s why corporations are staying liquid, since there is no fiscal or managerial competence left in DC they must prepare for the worst. 3) the 40 is for 2 months. thats like 7.50 per pay period. thanks for the starbucks!

  9. From my calculations, it would only be $20.00 a week, not $40.00 The current rate is 4.2% and it will rise to 6.2% so the is a 2% difference.

    Now a couple making $50,000 a year would be making $961 a week. So 2% of that is $19.22.

    Now it only lasts 2 extra months. So we are talking $160.00 What happen if it expires after 2 months?

  10. Obviously liberals are all about emotion. They’re driven by it – that’s why Obama does these ridiculous dog and pony shows to whip up sympathy from the gullible masses. They’re clearly incapable of independent and rational thought.

    It’s truly pathetic. And it’s destroying our nation.

  11. The statement that a family making $50,000 would see a reduction of $40. per pay check is baced on the assumption that they are paid bi-weekly and each paycheck is $2000. The reduction amount is 2% of gross pay. I wish Obama would get his story correct and quit trying to scare people.

  12. $40.00 is less than a tank of gas, one that the government will just tax right back @ ~.50 cents a gallon gas tax. What a rip off this country has become!

  13. How retarded is this. The Republicans want the same tax cut, but for a longer period of time. Right?

    So, democrats and Obummer want less tax cuts (only 2 months?) and march out poor people to act like Republicans want to raise taxes.

    WTF

  14. Let’s see….. 2% of 50,000 is $ 1,000. However the $ 40 per paycheck the president is mentioning is if everyone got paid every two weeks. Most of the Americans he is appealing to get paid weekly so they would miss $ 20 out of each check. Semantics to be sure, but all politics is mostly about presentation for maximum outrage. Another example is the $5 extra I received in my check post election of Obama thru clever shifting of the tax brackets. Not surprisingly, the following year my check went down $5. So shocking….wait for it…….NOT.

  15. Let me get this right..
    The democrats are saying that taxpayers will get hurt by not giving them a tax cut equal to $160 total and that Republicans are wrong because they want to give the taxpayers a $960 tax cut? Is that like those spending cuts that result in higher spending??

  16. So let me get this straight. The Bamster is a tax cutter because he wants the “working folks” to get the equivalent on average of a tank of gas in a small to mid-size car every two weeks for two months?!

  17. Pubes are Rubes!!!!!

    We need more progressive taxation!!!!!

    Down with regressive taxes. Get educated and knowledgable, the man will put you down if you let him.
    We were stupid and let them put us down from 2000-2008, now we are paying dearly for it!!!

  18. Who Cares? If you can buy an American Tax Payer for 40 bucks while borrowing 40 cents of every dollar printed, just how long is it before you shove that 40 dollars in the hole? Every 100 dollars you get in pay is borrown 40 due to the total incompetence of the White House and the leadership in the Senate. The only ones holding the horse are the ones demonized. I say go Tea Party!

  19. You have to gross $2000 a week to get a $40.00 “tax cut” based on paying 4.2% instead of 6.2% for Social Security tax. Funny it is a FELONY for one ballplayer to lie to Congress, but a Congressman can lie to the whole country
    and not be liable. Not to mention the laws they are exempt from, like insider trading.

  20. Our President likes to keep the us the people in tiny tax cuts, Food stamps, and Hand outs. instead of jobs. He forgets has forgotten the tumping from a year ago. The biggest mistake was Harry Reed. Maybe the tea party can correct this next November. Watch out Harry!!!!!

  21. Q: How do you know when Republicans are spinning?

    A: When they’re mocking a $40 per paycheck tax cut.

    I’m sure you’ll all be happy to send your measly $1,040 checks in next year. Heck, even if the tax cut isn’t extened, send yours in anyway. I mean, what’s 78 pizza, right? Each of you could feed Congress for a night.

  22. When did 2% 0f $50,000 become 2,000??? 40×50=2,000. Lies on top of lies. SS is bankrupt- this hastens its demise. Classic marxist strategy. We have become a nation of idiots thanks to the progressives. Not only can Johnny not read, he cannot think.

  23. If obama wants the tax cut extended WHY is he only pushing for a 2 mo. extension,Why not the 1 year house extension? His platform of tax cutter is as bad as his entire presidental term.just one lie after another.

  24. POTUS is an idiot. What is his long term policy for the US economy? Is it a debate about $40 purchases? Send him back as a community organizer. He is useless….

  25. This president is a pathalogical liar that Bill Clinton would be proud of. We are talking about a 2% rise in the SS tax. That means that in order to get a $40 dollar difference you have to be making $100,000.00 per year. That would put you in the top 10-15% of incomes in the US. The average income in the US is in the range of $45,000 annually. that means the average weekly difference will be less than $20.00 per week. How does this liar look in the mirror to shave his own face?

  26. As a retiree, I got no tax cut to extend. I’m also worried about the loss of revenue to the SS fund that hastens its demise. Shame on the whole dadgum bunch of bozos running the government. When is this country going to wake up and realize that the federal government shouldn’t have any more power than is absolutely essential. At least I have a say how money is spent at the local level. What a waste. When Iran gets a nuke and gives it to terrorists, it would be a blessing if the first one goes off in Washington, DC

  27. So of all the things that every single American has counted on for our financial security, it’s the social contract that Social Security will be there for us.
    But Social Security is currently about $15,000,000,000,000 (that’s fifteen trillion) in unfunded liabilities.
    Why is it a good idea to reduce payments to Social Security – of all things – to underfund? We are reduced to playing politics while sabotaging the financial integrity of one of the anchors of our security of our golden years.

    Granted, this is a big political win for the Senate and for the president. We need to ask, at what cost?

  28. Duty to pay taxes? I suggest you get a good book on US tax history. The original taxation of citizens for the government was a flat HEAD TAX, paid for by property owners. Read it. Most of the federal revenues were to come from tariffs, excise taxes and the like. This was in the constitution. The first income tax was enacted (1862) under ABRAHAM LINCOLN, to finance the 1860 war. It was eliminated after the war (1872), only to be reenacted in 1913 under T. WOODROW WILSON! Yup, good old Woodrow! IT was made constitutional by passage of the 16th Amendment (look it up). The original Democrat projections were so much BS and now it the major source of government funding (almost a hundred years after WW-I).

  29. Silliest waste of time for leaders of any country. Childish.. Put the money into a SS trust fund. Don’t waste it like you have been doing. Anything else you want to waste taxes on, put it into the SS fund. First, stop borrowing from the future, they will have bills to pay of their own. Stop breeding deadbeats on welfare. just to vote dimmo.

  30. Obama is typical of his generation..quick fix with no thought behind it. $40 a week is a pittance compared to a real job created by the private sector in an existing market (energy as in Keystone pipeline), and especially in a new market. Obama’s redistribution plan that he did not put his hand on when being sworn into office, outlines a free market of free men with free will. The “pursuit” of happiness”, “not the equality of happiness”. The latter is what Obama and his wife want for America.

  31. 16th Amendment:

    “The Congress shall have power to lay and collect taxes on incomes,
    from whatever source derived, without apportionment among the several
    States, and without regard to any census or enumeration.”

    Lest the left become confused: Article 1 sec 9 does not contradict:

    Article I, Section 9, Clause 4:

    ” No Capitation, or other direct, Tax shall be laid, unless in proportion to the Census or Enumeration herein before directed to be taken.”

    No capitation was permitted EXCEPT (start at “unless in proportion”). Thus, proportional capitation was constitutional; this was the model for the “poll tax” (“poll” = “head” in the lexicon of the time).

  32. Two percent on a fifty thousand dollar salary is $1,000. a year or twenty dollars a week,Obama The Liar calls this $40 a paycheck as some people are paid every other week. If the middle class needs a 2 percent tax cut wouldn’t a ten percent cut be five times better,and wouldn’t a permanent tax cut be better then an until I get re-elected and can raise your taxes again tax cut, like he really wants .If the American public buys this charade and believes Democrats and particularly Obama want to do anything but take their money ,then they deserve the fate Obama will bring them to

  33. LeVon & Barry (Sagittarius!) enjoyed their $40.00 worth of pudding by rubbing their asses in it.

    Now, they could have bought $20.00 worth of pudding- aw yeah- and that would have been a LOT of pudding! But they had to go all the way, baby- all the way home!- with FORTY DOLLARS worth of pudding! Awww yeahh!

    Now, I know what you’re thinkin’: “Barry & LeVon, where did you get forty dollars?” Shhhh! Don’t worry yo pretty lil’ head about it, babe. Ain’t yo concern… Now if you’ll scuse me, I gotta whisper some sweet nothings to this pudding. Aww yeahhhh…

    Cook, then chill… Aw yeahhhh. Rub yo’ ass in it, Barry!

    (In case you’re too young to remember The State: mtv.com/videos/misc/374918/240-worth-of-pudding.jhtml)

  34. As a retiree who pays no FICA, I have no dog in this hunt, except to kind of worry about the fund running out of money that sends check to us social security recipients each month.

  35. Forward this to your Senator’s, Representatives and as many people that you know who will also send it on. This is the reason our country is broke and our politicians and their crony friends are getting rich….by stealing your tax dollars.
    I am writing to express my OUTRAGE at the obvious cronyism involved in the ongoing Solyndra scandal, and to DEMAND that Congress conduct a FULL and THOROUGH investigation into the obvious corruption in the Obama administration in doling out taxpayer money to friends of Barack Obama.

    Another $737 Million of taxpayer money has been flushed down the “green jobs” toilet, even though all of the experts made it clear that Solyndra had a failed business model. But it appears that, because the main players at Solyndra were major contributors to the Obama campaign, and because Solyndra operated in an area that voted heavily for Obama in 2008, all of the warning signs were ignored and the White House PUSHED the Energy Department into making “loan guarantees”… that were guaranteed to LOSE for the American taxpayer.

    This is OUTRAGEOUS, but this is what we get when the government tries to decide what’s “good” economically, instead of letting the free market decide. It’s also what we get when the administration is able to push hundreds of billions of taxpayer dollars out the door to its politically-connected friends, fundraisers, and donors. That’s why YOU in Congress MUST do your job quickly, and conduct a FULL and THOROUGH investigation into the obvious corruption in the Obama administration in doling out taxpayer money to their politically-connected friends. Thank you.

  36. Historical note for history buffs.

    when T.Woodrow Wilson (1st name was Theodore) proposed the income tax in 1913, among his strongest supporters was the U. S. Socialist Party. Every time Barry talks about raising taxes on “the rich”, the Socialists raise their glasses and toast him. Nuff said.

  37. So for all the obama supportees can anyone tell me just one legitimate thing that this man has done for the country that has actually helped the country. Please leave your statement without saying that it is someone elses fault thongs are so bad. Obama is the leader of the country and he is very ineffective. Please someone prove me wrong.