Payroll tax holiday: When should it expire?

Discussion in 'Politics' started by Amelia, Dec 11, 2011.

  1. Amelia
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    Amelia BANNED

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    People are used to this tax break now. How hard will it be to let it expire?

    One of the hallmarks of the Social Security program has been that it is not welfare. People pay into it and thus earn the payouts when their time comes. A permanent payroll tax holiday would make it at least partially welfare.

    So, is it going to be permanent? Which president is going to be willing to increase middle class Americans' taxes by $1000 a year? Ever.
     
  2. Amelia
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    Amelia BANNED

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    bump
     
  3. auditor0007
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    auditor0007 Gold Member

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    It needs to expire right along with the Bush tax cuts.
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    It needed to expire sometime before it went into effect. It did nothing to help the economy and increased the federal deficit. A typical leftist program that existed to make people feel good. And now they can say "see, tax cuts don't work."
     
  5. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    Will allowing the cuts to exprire be perceived as Obama raising taxes?
     
  6. auditor0007
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    auditor0007 Gold Member

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    Please explain though, how you are not being a hypocrite. Aren't you one of those on the tax cutting bandwagon to spur the economy? A tax cut is a tax cut, or does it only count if it is a tax cut for the wealthy since they create all the jobs?
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    This is why I opposed cutting it in the first place.

    But, they should tie its increase to unemployment or GDP, or both, and readjust it maybe every 6 months.
     
  8. Navy1960
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    Navy1960 Senior Member

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    Yes, along with several other tax cuts, frankly if it were not so pathetic I would laugh when I see some in congress making claims of the dire state of Social Security and the debt as well as advocate for the deployment if US forces anywhere in the world and then advocate for tax cuts.
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Leftist program? You're an idiot.

    112 Democrats in the House voted against it in 2010. 36 Republicans voted against it.
     
  10. occupied
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    occupied Gold Member

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    Not sure why they did it in the first place. At least republicans now see tax cuts as spending.
     

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