Republican memo rejects payroll tax holiday

  • Posted by a hidden member.
    Log in to view his profile

    Sep 18, 2011 2:15 AM GMT

    http://www.cbsnews.com/stories/2011/09/17/politics/main20107733.shtmlThe GOP leaders say such a temporary reduction means taxes will go up later when the reduction expires in 2013.

    "While employees would see an additional temporary benefit from this proposal in 2012," they wrote, "they would experience a larger effective tax increase 12 months later when the payroll tax reverted back to its full level.

    "There may be significant unforeseen downsides to large temporary tax cuts immediately followed by large tax increases," they added.


    Am I missing something here? So why can't one say the same for 2013? 2014?

    Are they assuming the economy is going to be better without the temporary reduction? If so, then yes, people would pay more payroll taxes. So what? The economy is better as a result, and that's the goal.

    The only conclusion is they want the economy to suffer.
  • Posted by a hidden member.
    Log in to view his profile

    Sep 18, 2011 3:00 PM GMT
    We shouldn't be surprised at all that the Repubs contrive any means possible to go against Obama, even if it means going against their own Ideas. Lets remember that it was a repub Idea for the public mandate part of Obama's health care program, which the repubs meant to be a gift to their Insurance backers when it was their Idea several years back. Now its a reason to sue for the purpose of bringing down anything that Obama does, so that "HE BECOMES A ONE TERM PRESIDENT". This effort of the Repubs extends to anything and everything they can think of to bring about his defeat.