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Date Posted: 14:47:12 04/24/12 Tue
Author: Popeye
Subject: Student Loan Interest Rate will Double

http://www.chicagotribune.com/news/sns-rt-us-usa-obama-education-taxesbre83n0zm-20120424,0,817420.story

Nowadays, politicians have to cover the cost of new benefits. So Obama wants to take from the rich (corporations) and give to the poor (students).

A small business tax loophole would be closed to pay for an extension of low interest rates on student loans that President Barack Obama wants Congress to deliver.

The loophole allows some shareholder-employees of so-called "S corporations" to avoid paying the Medicare payroll tax on their earnings.

And it would buy some votes for Obama. Think the Republicans will buy it? Nah, me neither. Chalk up another win for Obama.



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