Posts tagged tax cut

Whew!  Working folks around the country can breath a sigh of relief this evening knowing they won’t be seeing a tax hike come January 1.  The House Republicans have caved on a two month extension to the 2% payroll tax “holiday” cut.  An early Christmas gift from DC.

Earlier today, the Obama Administration rolled out it’s scare machine (aka The Wahhhmbalance) letting Americans know their neighbors will be in dire straits come the new year.  Americans like ”K.Z” from Maryland wouldn’t of been able to have her “Friday Family Pizza Night”. 

A mere $40 a week extra taken out of their checks would seriously harm them and their families.  One thousand dollars per year is not chump change.  Politically, Republicans could no longer take the heat for wanting a fiscally sane compromise and caved.

But what about 8.4%?  That’s the average portion of an American family’s budget spent on gasoline —$4,155 — a 30 year record.  Where is the request for sob stories from the White House (George Bush is in the pocket of oil companies, remember)? 

Thanks to Obama’s policies, those Americans who are lucky enough to work have seen energy prices skyrocket under his administration.  

Obama’s environmental and energy policies are also a key reason why prices are constantly heading higher. The American oil and gas industry is producing record domestic yields these days, thanks to the vastly increased efficiency made possible by technological advances like horizontal drilling and hydraulic fracturing.

That ought to be good news because increased supply normally means lower prices. But the energy industry’s ability to process oil into gasoline is greatly handicapped by environmental regulations that are so stringent that it’s been nearly four decades since a new refinery was built in this country.

Americans should be demanding common sense regulations that do not destroy economic growth and jobs.  We should be fighting against permitoriums and rules that will put energy companies out of business.  

Obama continues to play politics of fear and class warfare with relatively small “tax cuts” while Americans continue to suffer record high unemployment and difficulty affording to heat their homes and drive to work. 

How many pizzas has this Administration costed us already?