Yes, even though Middletown struggles to pay utility bills, go yet another year without wage increases because of the “economy”, our young people choke on student debt, and families line up in drive-thru lanes ordering value meals held together by fat, salt and corn syrup. We must do more. “It’s for the good of future generations.”
Yet, with all this hype and drama about debt, deficits, and needed sacrifice, a few key men in Washington sat down and added a single paragraph in the eleventh hour of the Fiscal Cliff bill. A bill that was supposed to spare the country from going over a financial cliff.
Payroll withholding taxes on Middletown USA were allowed to rise on January 1st causing more suffering, yet these few men gave a half billion dollars to one company essentially subsidizing their fraud case settled with the Department of Justice just a few weeks prior.
Amgen is the world’s largest biotechnology firm, a drug manufacturer that sells a variety of medications. The little clause secretly inserted into the fiscal cliff bill gives the company two more years of relief from Medicare cost controls for certain drugs used by patients on kidney dialysis.