Here is a chart that lays out cuts and taxes.
I'm very concerned. We've been having a hard enough time as it is, keeping up w/ inflation. And every year, my husb will get a measly raise only to have it taken away to cover the increased costs in our medical coverage. So basically, he hasn't had a raise in years, yet everything under the sun has gone up. I am fed up w/ ALL the politicians on both sides & at all levels. They seem to think it's OK to put their posturing & stubborn grandstanding above the needs of the people they are working for! Their unwillingness to find a middle ground is appalling & they should all just be fired or in some way held accountable for the mess they havw created & continue to create. (Hmmm, class action lawsuit by the citizens against our Govt.? Even if we win, they can't pay it anyway!) :p
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Not a lot....it means we won't have as much disposable income....seems we haven't been paying our "fair share". I won't be buying a new car in the spring...I trade pretty regular. We are also going to cut out almost all of our dining out....and I won't be buying as many groceries for the food pantry.
My family is going to get hit pretty hard by the tax increases....so we will just be more frugal...and that isn't good for the economy.
You make over 250,000 a year, and you are going to have to stop eating out? You are doing something wrong and need to manage your finances better.
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