senate bill raised payroll taxes 2%
- Thread starter silk
- Start date
Yes.
The president gave up on extending the payroll tax a few weeks ago.
Basically that issue was never a part of the last few weeks of the so-called fiscal cliff. Both Republicans and Democrats were silent.
Funny how Joe Kernan and the other tools on CNBC were silent about THAT tax hike.
The president gave up on extending the payroll tax a few weeks ago.
Basically that issue was never a part of the last few weeks of the so-called fiscal cliff. Both Republicans and Democrats were silent.
Funny how Joe Kernan and the other tools on CNBC were silent about THAT tax hike.
Wasn't that the "tax holiday" passed in 2010 to "stimulate the economy"...
I thought people who make more than 450k , they'll be effected.
Stupidity and greed.... the payroll tax holiday should never have occurred in the first place. The program is running in the red and the temporary tax cut made things worse.
That's the one tax that has no business being cut. It's going bankrupt as it is.
Exactly - plus the inevitable problem of having to deal with people who treat it ending like a tax increase....once you give something its hard to take it away...is letting a temporary tax reduction expire a tax increase?
Strictly speaking though it didn't affect the SS trust fund, they agreed to transfer general revenues to Social Security to make up the difference of what would have been collected - of course its all just paper accounting since we are running deficits and the trust fund is nothing more than IOUs.
Someone got to payfor the wage inflation and platinum health care programs for fat cat congressional wages and govt union wages. Austerity measures are just a matter of time. Sooner than later the retards on wall street will figure this out. I'm ready to short any new highs with max ammo.