Sorry Bob the Middle class took a big hit in the “Fiscal Cliff ‘bill
January 3,2012
the staff of the Ridgewood blog
Ridgewood NJ, while middle class families all over New Jersey face the sting of higher taxes . NJ Senator Robert Menendez , no surprise didn’t read the bill and announced the following statement after the U.S. Senate passed legislation providing “tax relief to the middle class families”. This historic legislation will also bolster job creation by extending tax breaks to businesses that purchase American-made equipment and invest in America. …
According to Bloomberg more than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said and a 2% payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday.
Spending was also increased in the bill kicking the can down the road just a bit to the next fiscal calamity .
$50,000 a year in New Jersey hardly qualifies for “rich ” ,in fact you can barely live in your moms basement for that , yet Menendez disrespects tax payers all over the state with his ridiculous comment .
As for Jobs the only jobs this bill will create is the need for additional CPA’s .
But don’t blame Bob ,the U.S. Senate had only 3 minutes to read the 154-page bill and vote for it, something that has become all to familiar in special interest driven DC .
sources : https://cnsnews.com/news/article/senators-got-154-page-fiscal-cliff-bill-3-minutes-voting-it
https://www.bloomberg.com/news/2013-01-01/senate-passed-deal-means-higher-tax-on-77-of-households.html
https://www.menendez.senate.gov/newsroom/press/menendez-lauds-senate-passage-of-legislation-that-provides-tax-relief-to-middle-class-families