There won't be any payroll unless we lower the price of energy. What is it with lefties? Talk about being short sighted. They think the solution to their problems is a couple of bucks in their pockets for eight weeks? What a bunch of fools.
Since the so called payroll tax cut is a suspension of the collection of contributions to FICA which is the sole funding system for Social Security and Medicare, the suspension amounts to a RAID on those two programs. The idea that doing that will promote new employment is a farce, since no potential employer sees it as anything more than a temporary gimmick.
The republicans see clearly that promoting new tax payers
(the pipeline equals 250,000 new jobs) to support the losses of funding is the only logical way of correcting that shortfall, other than paying for it from the general budget or some other job depressing measure.
One wonders if the average citizen who is a taxpayer even understands what "PAYROLL Taxes" actually are. Do you?
Payroll taxes are not "withholding taxes" for the federal income tax. They are "Contributions" to the individual's SS account, and there are two US senators who are liberals. Tom Harkin Democrat, and Bernie Sanders Socialist who see this as a threat to SS and Medicare, and see it for the gimmick it is.