Tag Archives: Payroll Tax Cut

The 2013 Tax Increase obama Pledged Would Never Happen

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… Read More »

Republicans Cave on Bush Tax Cut Extension, White House Wants More

Republican congressional leaders are indicating that they will allow the Bush tax cuts to be extended until the end of the year without requiring offset spending cuts to pay for it. The White House is demanding that the GOP give even more. The leaders of congressional Republicans will present an extension of the Bush tax… Read More »

The payroll tax gambit, eggs and the GOP miscalculation

The phrase “couldn’t find their butts with both hands tied behind their backs” comes to mind as I analyze the feat of stupidity undertaken by the leaders of the House and Senate in the Social Security revenue cut proposal (a.k.a. payroll tax holiday). A news outlet I do not often quote, The New York Times,  has… Read More »

House Rejects Senate's 2 Month Payroll Tax Cut Extension

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… Read More »