Why Obama Won’t Trade the Keystone Pipeline for the Payroll Tax Cut
I have a theory. We’re going this payroll tax business. Folks, let me tell you something. Obama announced yesterday after meeting with the prime minister of Canada, Stephen Harper, that he’s gonna veto any bill that extends the payroll tax cut if the bill lifts his ban on the Keystone pipeline. Now, all we’ve heard for the last several weeks is how vital this whopping 2% payroll tax cut extension is to the preservation of the middle class. They even have a countdown clock at the White House. Days, hours, minutes until the middle class experience a thousand-dollar tax increase. It’s amazing. And that is why the taxpayers are paying for all these recent campaign trips. See, Obama’s not campaigning. He’s pushing for this all-important tax cut. The White House website even has this countdown clock, which is ticking off the time to the expiration of the payroll tax cut.
Now, all of a sudden, Obama would rather veto this all-important bill and destroy the middle class, than allow the pipeline, which would create 200,000 middle class jobs. I don’t know if you’ve noticed this or not. Did you notice how the media and the rest of the Democrat Party are saying that if we end the payroll tax cut, it will, quote, cost working families a thousand dollars? They never talk that way. When tax cuts are discussed, the Democrats and the media only talk about what it will cost the government, never what it’s gonna cost you or me. They don’t care what it’s gonna cost you or me, never. But when it’s a tax cut they want, it suddenly doesn’t cost the government anything.
Have you noticed Obama is not worried what this is gonna “cost” the government? Have you noticed he’s not worried what effect this is going to have on Social Security? This is the only funding mechanism for Social Security — and there’s a concern out there, ladies and gentlemen, that reinstituting this thing will be next to impossible, which puts even further pressure on Social Security funding. But when it’s a tax cut that they want, it suddenly doesn’t cost the government anything! No, it’s gonna “cost working families” a thousand dollars. In truth, just in pure dollars and cents, the payroll tax cut has already cost Social Security trust fund more than $100 billion; and according to all accounts it hadn’t even created or saved a single job yet.