December 2, 2015

Hillary Clinton Says “Nobody Even Noticed” Payroll Tax Hike

Hillary Clinton, worth north of $50 million by most estimates, told Charlie Rose that the payroll tax cut, which was eliminated in 2013, was something that “nobody even noticed.”

The payroll tax hike was “the largest increase in taxes in about half a century,” according to The Washington Post:

With the end of the payroll tax holiday, a worker earning $50,000, for instance, will pay $1,000 more in taxes this year; a worker earning less than $20,000 a year will pay about $100 more. Someone in the upper fifth of households, making $150,000 a year, will pay about $2,200 more.

It’s very easy for Clinton, who commands at least $250,000 per speech along with a lengthy list of demands including specific chairs, pillows, and snacks at each speech, to dismiss $1,000 as nothing.

But that’s a significant tax burden for millions of Americans. Clinton has attacked Bernie Sanders (I-VT) for putting an undo tax burden on the backs of middle class Americans. And yet Clinton is eager to dismiss this tax hike as something “nobody even noticed.”

See below for a full transcript of the payroll tax exchange:

CHARLIE ROSE: “How about payroll tax?”

HILLARY CLINTON “Well, you know, the payroll taxes is –”

ROSE: “I don’t know, what?”

CLINTON: “I don’t think it’s that big a deal.”

ROSE: “Is that right?”

CLINTON: “No, because President Obama suspended it, nobody even noticed it. Because we’ve got to fund Social Security. That’s a different issue.”

ROSE: “Wouldn’t that put money in the pockets right away of the middle class?”

CLINTON: “It did, but it was not something people really valued.”

ROSE: “Politically or economically?”

CLINTON: “Apparently both from the research I’ve seen.”