Way back in the 1990s, when Bill Clinton foisted the largest tax increase in US history on the middle class, folks on the left steadfastly refused to admit that, in fact, this was a tax increase on middle class America.While debating with folks in the late 1990s, I remembered that I had seen a decrease in my take-home pay, but couldn't back it up with hard data.
Hence the purpose of this post.
I just checked my automatic deposit from work. My pay decreased $35.50 in 2013 from 2012 - so $71 a month less I'm taking home. The Mrs. is about the same, so this decidedly middle class family just lost close to $150 a month in take-home pay (so figure about $200 a month gross). Not a huge percentage of our overall income, but it's certainly noticeable.
I suppose Obama will blame George Bush, since these were the Bush tax cuts that Obama allowed to expire and all. Seems like all he's done, economically, is blame Bush - despite having had a complete lock on the House and Senate his first two years in office and a lock on the Senate the entire time. But we're supposed to buy, four years later, that the bad economy is Bush's fault.
Funny, that. I remember folks blaming Bush for both the 9/11 attacks that were planned entirely under Bill Clinton as well as the dot-com implosion which had actually started under Clinton (I know that all too well; I was laid off from my job in January 2000 and was acutely aware of tens of thousands of other layoffs at the time). So, according to the leftists and mainstream media (but I repeat myself), if the President in office has an (R) after his name, everything that happened from the day of his election is his fault. If the President has a (D), we're still trying to figure out exactly when *anything* becomes his fault.
$150 a month less take-home pay. And that's the figure *after* the "compromise" on the "fiscal cliff" agreement (and let me reassure you, the Mrs. and I are nowhere near the $450K cutoff for tax increases. Not even by a quarter). A lot of folks have posted various tweets and such from folks shocked that their taxes have gone up, mostly to laugh at those who blithely supported Obama and are shocked when his policies cost them money... Well, get used to it, bub.
It ain't gettin' any better, not for the next four years at least...
That is all.