Republicans, Democrats Seal Rare Deal on Taxes
No, not that C word. COMPROMISE. Many Republicans, mainly those in the Tea Party wing, are severely allergic to that word. Yet, they did it anyway! They were able to work with Democrats to get the payroll tax cut extended to the end of the year. YAY!
This is great news for us 160 million workers and for the economy:
Passage would end a battle that has raged since last year over legislation that some economists say is vital to keeping the U.S. recovery on track by injecting up to $130 billion into the economy through consumer spending.
$130 billion dollars. When we working schmucks have extra in the paycheck, we tend to spend it. It could be on anything – from necessities to indulgences. Groceries = stimulates the economy. Dinner out = stimulates the economy. Our consumption (or lack of) has a huge effect on this nation’s fiscal health. You can feel it whenever a Consumer Confidence Index® report comes out. The markets skyrocket or tank based on it. Extending that payroll tax cut will keep up that spending, allowing the economy to keep recovering.
Message to House Republicans: Allow me to be among the first to thank you for compromising. This is how things get done. I know that word gives many of you hives. And actually doing it makes you go into anaphylactic shock. Even if you did it out of self-interest because many of you are up for reelection, I thank you. Now, take this EpiPen®. You deserve it.
Spinny Liberal 