Joe Biden has yet to take the oath of office, but he’s already thinking ahead to the 2022 midterms. As Politico reports, the president-elect has begun “fusing his political operation with the Democratic National Committee” and is preparing to channel resources toward state Democratic parties in the hopes of avoiding a repeat of the cataclysmic drubbing Democrats took during the Tea Party wave of 2010, which cost them the House and kneecapped the Obama administration.
No matter what they do, keeping control of Capitol Hill two years from now will be devilishly difficult for the Democrats, who will only have a narrow majority in the House and 50 votes in the Senate. The sitting president’s party typically loses seats in Congress during midterm elections, and 2022 will be the first set of House races following this year’s redistricting process, which will give Republican state legislatures an opportunity to draw new congressional maps wiping out Democratic seats. Keeping loss
but i agree, it would be great if he came out fighting. we would be there fighting with him if he did fight the republicans on this issue, no doubt about it. thank you, adam. how often do you hear a host say, god, i hope i m wrong? that would be awesome. i m afraid i m not, though. i obvious talk about how the tax deal they just agreed to basically redistributes wealth to the richest americans. now the new proposed budget cuts takes more money out of programs that help the poor and the middle dallas. there s a part of the earlier tax deal that doesn t get mentioned enough. there were also some tax increases in the deal. did you know that? do you know what it turns out they affect the most? i hope you re sitting down. it turns on you the poor and middle class get hurt the most. i couldn t have seen that coming. the deal killed what is called the making work pay credit, okay? that used to help lower taxes for lower income americans. as a result, a lot of poor people are seeing their
the social security trust fund of $111 billion and president obama will call for tax increases shortly to be able to pay for that and what he may do is call to lift the cap on earnings subject to payroll taxes. that would be interesting because everyone is counting on taxes going down for the next few years. everyone this morning is taking credit for the compromise saying they got the better end of the deal. it was a compromise and people gave up something. the press scts for the press secretary for the white house says democrats got the best deal but the point is they got 13 more months of unemployment benefits and tuition for college, rather, credit for college tuition for the kids and the child tax credit so they got to stuff in things they had wanted. they got a lot a wins of and
check. more complicated equation, this is the making work pay credit, also part of it, individuals making less than $75,000 used to get $400 and now couples or two people making $75,000 or $150,000 will get up to $800. wait . those are the old rules here are the new rules. if you make $50,000 an individual or couple you get $1,000 and couples will see a $2,000 bump in their take home pay. we hope this gets hiring going. this is the big question. will it sustain the levels we have now? we talked to at the a lot of business people and a baker in the midwest says he will not hire two until he needs four and he will not hire one until he
of the first $106,000 of wages into social security but because of this they pay only 4.2 percent in 2011 so more money in your paychecks beginning with the new year. and that breaks down for each $1,000 you make you save $20, so that comes right to your bottom line, and it is going from $62 a paycheck town to $42 a paycheck in your pock. that does not seem like a lot but it is a lot when you add it all, all americans who are working, fantastic amount of money. cross your fingers. alisyn: and the making work pay credit, more complicated in the old rules if you made under $75,000 you would get back $400 for couples you get back $800 and now in the new rules you get back $1,000 or $2,000 a couple