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Politicians and their supporters often get the facts regarding complicated bills muddled, and deliver misleading information to the public.
In a letter supporting U.S. Rep. Mick Mulvaney’s opposition to the American Jobs Act, Nicholas Pasquine states that the bill cuts $175 billion annually out of Social Security and Medicare.
In fact, the cuts do not touch recipients’ benefits, but instead cut payments to insurance companies, forcing them to put a greater share (85 percent) of premiums toward health care, and to reduce the amounts spent on advertising and management bonuses.
Pasquine also says the bill gives minimal payroll tax cuts, while raising income taxes on small businesses. In fact, the American Jobs Act cuts payroll taxes by 50 percent on a company’s first $5 million in payroll and extends the tax cut to 100 percent for new employees and on higher wages for existing employees.
Income taxes do not change for individuals making less than $200,000 individually or $250,000 as a family.
The bill closes tax loopholes for oil and gas companies, and it only raises taxes on investment fund managers and corporate jets.
Why would our representative oppose beneficial tax improvements that will stimulate job growth? Perhaps because Mulvaney signed Grover Norquist’s infamous pledge, and is fearful of being run out of office by Norquist’s political machine if he fails to keep the pledge and stay in line. (Norquist explained all of this on CBS’s “60 Minutes,” on Nov. 20, 2011.)
Once Mulvaney signed on, he just has to vote the way Norquist tells him to, and his next campaign will be paid for, with no opponents in the primary. So simple, except for one thing – whom is he representing?
Pasquine lists many complaints about how our government works; however, he attributes the problems to S.C. Democrats, who are in the minority in both the state and national Legislatures.
What was that Republican majority doing? South Carolina was the only state in the union to refuse the return of millions of our taxpayer dollars to improve education for our children. Our money went to the other 49 states!