Republicans reject tax cut
The payroll tax cut extension. Aren’t you guys always talking about more money in peoples’ pockets?
12 Responses to “Republicans reject tax cut”
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December 2nd, 2011 at 11:04 am
Republicans and even some Democrats say the payroll tax cut hasn’t worked to boost jobs and is too costly with the federal deficit requiring the government to borrow 36 cents of every dollar it spends.
What’s more important is to have a balanced budget
December 2nd, 2011 at 11:11 am
@govhater: Then why don’t they just spend less? Between the Democrats redistributing wealth, and the Republicans making war without end, we will never have a balanced budget.
December 2nd, 2011 at 11:22 am
Social Security already runs a deficit and pulls money out of the general fund before the payroll tax holiday. By the way, that happened many years earlier than had been predicted …
December 2nd, 2011 at 11:23 am
+1 on the spending less. But that’ll never happen.
December 2nd, 2011 at 11:33 am
Stop believing the Democrat talking points. Republicans *were* trying to compromise on payroll tax cuts by linking them to spending cuts so they would be revenue neutral. Democrats just wanted to put it on the national credit card.
Payroll taxes fund social security. Why do you want grandma to eat cat food?
December 2nd, 2011 at 11:43 am
And the credit card it maxed out already.
December 2nd, 2011 at 11:57 am
Bullshit boxty and you know it. They’re only interested in revenue neutrality because this is a tax cut that benefits the average Joe. They don’t give two shits about revenue neutrality when they’re talking bout the Bush tax cuts or the endless gutting of the effective corporate tax rate such that it’s about half the statutory rate.
And I thought tax cuts paid for themselves? Hmmmm?
Apparently even the hardcore GOP doesn’t believe that voodoo economics Tax Fairy nonsense anymore.
December 2nd, 2011 at 1:14 pm
Since payroll taxes just get deposited into the general fund and SS benefits get paid out of the general fund the only real effect of having a seperate tax is that since payroll taxes are, up to the limit (benefits are similarly capped) a flat tax it makes the total federal taxes a little less progressive. (Can I nominate myself for the Run-on-sentence Award?)Lowering the payroll taxes does nothing but increase the progressivity of federal taxes. For those who believe that taxes are not progressive enough that is a good thing and for those who think taxes are too progressive already it is a bad thing.
If lowering payroll taxes are in-and-of themselves unadulterated goods, why not just abolish them completely and fund SS benefits through the income tax?
December 2nd, 2011 at 2:07 pm
Sebastien, there are no longer any Bush tax cuts. The current rates were passed by a Democrat controlled House and Senate and signed by a Democratic President.
December 2nd, 2011 at 9:32 pm
Well if you could cut the Bush Tax, I’d be for that.
Yu-Ain has put the Gonnano finger right on the real definition of “progressive.” It’s…a tax!
December 3rd, 2011 at 7:27 am
Because we only have about 80 conservatives in congress. The rest are big government types that talk like conservatives.
We needed to actually cut their pet projects…but
“OH NO, BUT THE TV PEOPLE WILL SAY MEAN THINGS ABOUT ME!”
December 4th, 2011 at 8:51 pm
Can we just have another civil war and split this mfer up by political affiliation once and for all…