(FOXNEWS) Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle.
The looming hit to Americans’ paychecks has been a hot topic around water coolers nationwide, as well as online, where several forums have been created for taxpayers to commiserate with their lighter wallets.
So, what exactly does $40 mean? That’s what the White House asked Americans last year when President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012, which extended the payroll tax cut and emergency jobless benefits through the end of the year and prevented the typical family earning $50,000 a year from losing roughly $40 from each paycheck.
Simply put, less money “definitely will be” a shock for many Americans toiling in an uncertain economy, Tanner said, adding that many will restrict impulse purchases rather than alter long-term financial planning.
The American voters voted for Obama and now they must suffer the consequence of their stupidity. Now the Obama supporters are figuring out that EVERYBODY is getting taxed. While the voters thought the taxes will hit the rich, they didn't expect to be hit too. STUPID PEOPLE! ENJOY YOUR MISTAKE! YOU LEARNED THE FIRST TIME! NOW, YOU MUST SUFFER! LOL