Folks who don't love higher taxes to pay for higher government spending are getting a kick out of this Democratic Underground thread that begins by asking:
What happened that my SS withholdings in my paycheck just went up?
My paycheck just went down by an amount that I don't feel comfortable with. I guarantee this decrease will hurt me more than the increase in income taxes will hurt those making over $400,000.
Among the comments are:
I really can't handle the decrease right now. It's not like I am rolling in the money. Really felt like my taxes went up when I opened my paycheck and it was smaller.
Paycheck was smaller? Why, it's almost like everyone's taxes went up and the media forgot to mention it, so busy were they with political horserace coverage.
Of course, not everyone's taxes went up. Nearly all the national political reporters forgot to dig into this but the editorial page of the Wall Street Journal notes that the fiscal cliff bill is a crony capitalist blowout:
In praising Congress's huge new tax increase, President Obama said Tuesday that "millionaires and billionaires" will finally "pay their fair share." That is, unless you are a Nascar track owner, a wind-energy company or the owners of StarKist Tuna, among many others who managed to get their taxes reduced in Congress's New Year celebration. ...
But a special award goes to Chris Dodd, the former Senator who now roams Gucci Gulch lobbying for Hollywood's movie studios. The Senate summary of his tax victory is worth quoting in full: "The bill extends for two years, through 2013, the provision that allows film and television producers to expense the first $15 million of production costs incurred in the United States ($20 million if the costs are incurred in economically depressed areas in the United States)."
You gotta love that "depressed areas" bit. The impoverished impresarios of Brentwood get an extra writeoff if they take their film crews into, say, deepest Flatbush. Is that because they have to pay extra to the caterers from Dean & DeLuca to make the trip? It sure can't be because they hire the jobless locals for the production crew. Those are union jobs, mate, and don't you forget it.
And all that is before we get to "the green-energy giveaways that are also quickly becoming entitlements."
But back to the paychecks. Today, many Americans will open up their paychecks and see that their grocery budgets are a bit smaller.
It might not make a big deal now, but after taxes get raised a couple more times this year the next times we run up against the debt ceiling, I wonder if people will wonder whether spending cuts seem more attractive. Or am I dreaming?