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FreakinDJ

(17,644 posts)
4. Payroll Tax Holiday Act: Bad Politics, Bad Policy
Sun Jan 22, 2012, 12:10 PM
Jan 2012
As the White House and Congress engage on whether to extend the Social Security payroll tax holiday, the Republican-led house has offered HR3630, which, among other things, ties the Medicare physician fix to extending the reduced funding of Social Security. This is an example of two important challenges facing our nation being addressed with poorly thought-out legislation.

The proposed extension of the payroll tax holiday is intended to prevent a hit to our anemic economic recovery. The White House and members of Congress are selling the end of the holiday as a tax increase on the middle class. In fact, this Social Security payroll tax is actually an investment into one’s retirement account. Promoting continued reduced payment into Social Security is the same as telling folks to borrow from their retirement and spend the money now.

Shame on any citizen who buys into the political rhetoric that the opponents of extending this underfunding of future security just want to increase tax rates for the middle class. Greater shame on those politicians who make that claim. Similarly, replacing the billions of dollars (approximately $110 billion/year) that don’t come to Social Security from workers paychecks by funds the government has to borrow to cover its huge deficit is bad policy. Surely there are better initiatives to support economic growth.

http://www.forbes.com/sites/beltway/2011/12/13/payroll-tax-holiday-act-bad-politics-bad-policy/


Go ahead Boner - we don't want either one of them
I wish he would bigtree Jan 2012 #1
That prick had better back off. nt mfcorey1 Jan 2012 #2
This ProSense Jan 2012 #3
Payroll Tax Holiday Act: Bad Politics, Bad Policy FreakinDJ Jan 2012 #4
Hmmm? ProSense Jan 2012 #8
a doctor fix is absolutely necessary. FreakinDJ Jan 2012 #11
I can't imagine that will go over well. Nt abelenkpe Jan 2012 #5
The GOPBaggers would sink the ship with all aboard, if it suited their perverted agenda. SoapBox Jan 2012 #6
They keep making threats BumRushDaShow Jan 2012 #7
Geeze! Dyedinthewoolliberal Jan 2012 #9
Wadda surprise, more freakin' Kabuki Theater. 99Forever Jan 2012 #10
I believe both Boner and Norquist have financial interests in the pipeline..n/t monmouth Jan 2012 #12
Fuck John Boehner. boxman15 Jan 2012 #13
And ProSense Jan 2012 #15
Who is Boehner? LiberalEsto Jan 2012 #14
John Boy jumped the shark. nm rhett o rick Jan 2012 #22
we know how this will go.environmental protects will be bypassed. desgin flaws overlooked leftyohiolib Jan 2012 #16
I hate to break the news to you, but just about every corporation in america keeps two sets of books Travis_0004 Jan 2012 #25
well that was very intreresting but those arent the two books im talking about leftyohiolib Jan 2012 #26
Why can't we just have "clean bills" anymore? Proud Liberal Dem Jan 2012 #17
and he'll lose again. Not too bright. MjolnirTime Jan 2012 #18
I want a hell of a lot more than a payroll tax holiday to approve that Johonny Jan 2012 #19
Repukes really are like infants refusing to poop. Zoeisright Jan 2012 #20
Good ... he'll look like a fool AGAIN, and then have to cave in AGAIN. JoePhilly Jan 2012 #21
Great! Fuck the XL Pipeline AND the payroll tax holiday! The tax holiday was supposed to be a... Poll_Blind Jan 2012 #23
So he recieved his orders from his corporate owners! liberal N proud Jan 2012 #24
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