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Tuesday, December 13, 2011

Millionaires On Food Stamps And Jobless Pay? G.O.P. Is On It

WASHINGTON — It’s an image many Americans would find rather upsetting: a recently laid-off millionaire, luxuriating next to the pool eating grapes bought with food stamps while waiting for an unemployment check to roll in.

Under the Republican bill to extend a payroll tax holiday scheduled to be voted on in the House as early as Tuesday, those Americans with gross adjusted income over $1 million would no longer be eligible for food stamps or jobless pay, producing $20 million in savings to help pay for the tax cut for American workers. The idea is also embraced by many Democrats, who had a similar version of the savings in a Senate bill to extend the payroll tax cut, as did a failed Republican Senate bill.

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