WillowTree
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- Sep 15, 2008
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Its getting to look a lot like Christmas. President Obama is parading around in his Santa outfit as a tax cutter and champion of the middle class, and the seasonably spirited Senate on Saturday passed a package of goodies, including a two-month extension of the so-called payroll-tax holiday.
Its a poisoned gift. This unreturnable little holiday bauble a truncated version of a measure already passed by the House comes with a very steep hidden price tag: the complete exposure of the Social Security retirement system as nothing more than a welfare program.
In other words, no pain and as much as a thousand-bucks-a -year gain in the paycheck. Only a Grinch could object to that. Or to the $105 billion in borrowed money to pay for this years holiday.
It was a clever move by the Democrats. Smarting from their well-deserved reputation as tax-and-spend liberals, they turned the tables on the Republicans and dared them to raise taxes on the middle class by letting the temporary measure expire come Jan. 1.
Read more: President Obama & the payroll tax—Michael A. Walsh - NYPOST.com
Its a poisoned gift. This unreturnable little holiday bauble a truncated version of a measure already passed by the House comes with a very steep hidden price tag: the complete exposure of the Social Security retirement system as nothing more than a welfare program.
In other words, no pain and as much as a thousand-bucks-a -year gain in the paycheck. Only a Grinch could object to that. Or to the $105 billion in borrowed money to pay for this years holiday.
It was a clever move by the Democrats. Smarting from their well-deserved reputation as tax-and-spend liberals, they turned the tables on the Republicans and dared them to raise taxes on the middle class by letting the temporary measure expire come Jan. 1.
Read more: President Obama & the payroll tax—Michael A. Walsh - NYPOST.com