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ProSense

(116,464 posts)
Wed Jan 2, 2013, 10:25 AM Jan 2013

One of the most disingenuous criticisms of the deal:

It ends the payroll tax cuts, which raises taxes on everyone earning less than $100,000.

When the payroll tax cut was enacted, a lot of people claimed it was a secret plot by President Obama to undermine Social Security. Now, it's a good thing?

Even those who supported it as stimulus acknowledged that it had to be temporary.

Should the President work to bring this back and make it permanent?

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One of the most disingenuous criticisms of the deal: (Original Post) ProSense Jan 2013 OP
"Everyone claimed" is a bit of a straw man, no? n/t Dawgs Jan 2013 #1
You're right, fixed. n/t ProSense Jan 2013 #4
No. Those cuts shouldn't be permanent. dawg Jan 2013 #2
"But it's probably a little soon to be raising taxes on the working class" ProSense Jan 2013 #7
I never argued that it undermined the program. dawg Jan 2013 #13
Hook. Line. Sinker. GeorgeGist Jan 2013 #16
Not true. Capital gains and dividend taxes went up 5% dmallind Jan 2013 #17
It has been a frequent Left position that the FICA holiday is an attack on Social Security alcibiades_mystery Jan 2013 #3
You mean people that earn over $100,000 don't pay payroll taxes? ( n/t ) Make7 Jan 2013 #5
Sure, up to $110,000 of everyone's income. ProSense Jan 2013 #10
Difficult to offer a Social Security Payroll Tax cut when Social Security is in trouble liberal N proud Jan 2013 #6
Not everything is black and white, shades of grey are allowed Fumesucker Jan 2013 #8
No! It was a temporary tax cut, and unlike GOPers, Dems understand the meaning of temporary. nt jillan Jan 2013 #9
You're kidding right? bowens43 Jan 2013 #15
No, it's not a joke. ProSense Jan 2013 #20
What I don't understand is any notion of permanence malaise Jan 2013 #11
I consider that the biggest positive, funding to Social Security was restored. TheKentuckian Jan 2013 #12
we are the party of tax cuts=stimulus now, so let's make them permanent... bowens43 Jan 2013 #14
We'll be thanking Obama for this in the long term. JaneyVee Jan 2013 #18
Remove the cap on SS contributions. If we can slip that MineralMan Jan 2013 #19
The pay roll tax cut was a temporary measure Harmony Blue Jan 2013 #21

dawg

(10,622 posts)
2. No. Those cuts shouldn't be permanent.
Wed Jan 2, 2013, 10:29 AM
Jan 2013

But it's probably a little soon to be raising taxes on the working class - especially when compromises have been made to prevent income taxes from rising on the $250K to $450K crowd.

Someone making $30,000 working a job will see their taxes go up. An investor pulling down $400K a year will not. (Except for Obamacare provisions.) Some people don't think that is fair.

ProSense

(116,464 posts)
7. "But it's probably a little soon to be raising taxes on the working class"
Wed Jan 2, 2013, 10:32 AM
Jan 2013

When it was enacted that was the argument supporters used, and still only as a temporary measure.

How can it possibly be the argument being used by those who thought then that it undermined the program?

dawg

(10,622 posts)
13. I never argued that it undermined the program.
Wed Jan 2, 2013, 10:44 AM
Jan 2013

I preferred the Making Work Pay tax credit, but the payroll tax cut did not reduce contributions to the Social Security trust fund. The provisions of the law required the general fund to take the hit for the reduced collections.

dmallind

(10,437 posts)
17. Not true. Capital gains and dividend taxes went up 5%
Wed Jan 2, 2013, 11:43 AM
Jan 2013

That's where an investor gets their income, no?

And of course they will see the same 2% SS bump too.

 

alcibiades_mystery

(36,437 posts)
3. It has been a frequent Left position that the FICA holiday is an attack on Social Security
Wed Jan 2, 2013, 10:30 AM
Jan 2013

To deny that is silly.

It is certainly a turn around to now have the FICA holiday be the key provision that should have been retained.

ProSense

(116,464 posts)
10. Sure, up to $110,000 of everyone's income.
Wed Jan 2, 2013, 10:37 AM
Jan 2013

Still, the point is that the criticism being made is that it raises taxes on low-and middle-income Americans. It's a tax increase on everyone, but you can see why the critics are focused is on those earning less.

The point is not the income levels, but the fact that many of these critics never supported the payroll tax cut originally, and believed that it undermined Social Security.

liberal N proud

(60,334 posts)
6. Difficult to offer a Social Security Payroll Tax cut when Social Security is in trouble
Wed Jan 2, 2013, 10:31 AM
Jan 2013

They keep telling us the program needs to be changed to keep it solvent, how can you put less into it and still make those claims?

Either the program is doing so well, we can cut the amount we contribute or it is doing poorly and needs reform, people are going to have to choose which pony they are going to ride.

Fumesucker

(45,851 posts)
8. Not everything is black and white, shades of grey are allowed
Wed Jan 2, 2013, 10:33 AM
Jan 2013

For the average working person this will look like a tax increase and you can bet any portion of your anatomy you wish that the Republicans will spin it that way with the enthusiastic help of the M$M.

That rhetorical ploy was guaranteed when the payroll tax holiday was first implemented.

Most working people don't pay enough attention to politics to sort out the spin from reality, we here on DU are pretty far from the average American when it comes to information about politics and the disagreements right here are damn near legendary.





 

bowens43

(16,064 posts)
15. You're kidding right?
Wed Jan 2, 2013, 10:45 AM
Jan 2013

The entire bush tax cuts were temporary and last night democrats made the vast majority of them permanent .

ProSense

(116,464 posts)
20. No, it's not a joke.
Wed Jan 2, 2013, 12:41 PM
Jan 2013

The Bush tax cut for the top one percent is history.

Capital gains goes to 23.8 percent and a tax increase also applies to incomes at $250,000
http://www.democraticunderground.com/10022116613

TheKentuckian

(25,023 posts)
12. I consider that the biggest positive, funding to Social Security was restored.
Wed Jan 2, 2013, 10:40 AM
Jan 2013

No, he shouldn't bring it back it was an error to ever give it because many Democrats are about as anti-tax as TeaPubliKlans. The differ mostly in who they want to pay. Klans want to make the poor and working folks to take the weight and Democrats want the rich to pick up the tab. There is a broad bipartisan consensus that they don't want to pay.

I think the old rates should have been restored for all too. I'd leave or maybe expand the cut for the bottom bracket (which I am not in) and start investing in the country.

MineralMan

(146,284 posts)
19. Remove the cap on SS contributions. If we can slip that
Wed Jan 2, 2013, 11:45 AM
Jan 2013

in during one of these negotiating frenzies, that will be most excellent.

Harmony Blue

(3,978 posts)
21. The pay roll tax cut was a temporary measure
Wed Jan 2, 2013, 12:44 PM
Jan 2013

the extension of the other tax cuts for the 98% of the population I believe to be also temporary once they are up in five years and the economy is doing better (just a hunch).

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