Tax Increase for poverty level families

Dear Friends,

The only group of people that will see a tax increase under President Obama's capitulation to the Republicans are families that earn $40,000 or less and individuals that earn $20,000 or less.  The New York Times article entitled "Tax Package Will Aid Nearly All, Especially Highest Earners" (here) contains the following paragraphs:

In fact, the only groups likely to face a tax increase are those near the bottom of the income scale — individuals who make less than $20,000 and families with earnings below $40,000.

The proposal does not include an extension of Mr. Obama’s signature tax cut, the Making Work Pay credit, which provided a credit of up to $400 for individuals and $800 for families of low and moderate income. Instead, the plan creates a one-year reduction in Social Security payroll taxes, which are generally levied on the first $106,800 of income. For an individual earning $110,000, that provision would reduce payroll taxes by $2,136.
Although the $120 billion payroll tax reduction offers nearly twice the tax savings of the credit it replaces, it will nonetheless lead to higher tax bills for individuals with incomes below $20,000 and families that make less than $40,000. That is because their payroll tax savings are less than the $400 or $800 they will lose from the Making Work Pay credit.

Just as a point of reference, a taxpayer with $1.0 million of income will save over $100,000 in taxes as a result of President Obama's sell out to the rich.  That savings is 2.5 times the total income of the family that will see its taxes increase.  How can anybody support that kind of a deal?  It is immoral.

There is still time to stop President Obama and the Republicans.  Write and call your Representative and your Senators at least once a day.

Thanks for reading and please comment,
The Unabashed Liberal