From the Department of Commerce:
Personal current taxes increased $0.1 billion in September, compared with an increase of $3.3 billion in August.
Disposable personal income (DPI) — personal income less personal current taxes — decreased $0.2 billion,
or less than 0.1 percent, in September, in contrast to an increase of $14.1 billion, or 0.1 percent, in August.
In September and August, your taxes increased and your disposable income decreased in September. Add to that:
Private wage and salary disbursements decreased $11.2 billion in September…
More taxes, incomes declining and the Democrats are going to hit you with this (from the HR 3962):
I don’t know about you, but right now, I pay NO WHERE NEAR 37.5% of the cost of my medical benefits at work. Last year, my employer said my health benefits cost around $6800. That means, I will be responsible for $1870 dollars. For me, and I assume others, that in essence, is more money out of my pocket thanks to the Democrats!
Those who will really feel the pain are families, who are responsible for 35% of their health care premium.
And Lord knows what the deductibles will be under a government health care program.
In essence, the Democrats have inserted a tax increase in this bill for every person in this nation…except for those who can’t pay, which we will of course pay for….
Tags: HR 3963
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