If the White House and Congress don’t act this year, a huge, unprecedented tax increase described by Ben Bernanke as a “massive fiscal cliff” will slam American taxpayers. This looming tax hike will result mostly from letting long-standing tax policies expire at the end of 2012. Instead of waiting until after November’s election, obama should [...]
Tag: "Payroll Tax Cut"
FOX NEWS VIDEO
The fight continues this Tuesday as the House of Representatives voted down the Senates 2 month payroll tax cut extension. It would have extended the tax cut and unemployment benefits for two months. Passing 229 to 193, the vote calls for a negotiating committee for the two chambers to resolve their differences. Seven Republicans joined [...]
Today, the president did what he does best and took his pleas to the people. He let us know that if we do not agree to his payroll tax cut, then average Americans will lose about $100 a month. And of course… this is all the fault of the Republicans. Hail to the Chief, baby. [...]