Posts Tagged ‘Payroll tax cut’

Payroll Tax Cut Reduces Money Going Into Social Security, Is AARP Turning A Blind Eye

December 3, 2011

President Barack Obama on Friday pledged an aggressive push to pass an extension to the payroll tax cut for U.S. workers, saying lawmakers must not leave for their holiday break without taking action on it. “We need to get this done. And I expect that it’s going to get done before Congress leaves. Otherwise, Congress may not be leaving and we can all spend Christmas here together.”

AARP turning a blind eye..

Government Takes Out Less For Social Security Recipients And Call It A Tax Cut, Switcheroo

December 2, 2011

President Obama has spent the past few weeks trying to  shame Republicans for their reluctance to embrace a payroll tax cut extension for workers. Now Republicans are trying to turn the tables.

Conceding that the tax break will ultimately pass the Congress with bipartisan support – last night’s   Senate votes  notwithstanding — GOP leaders have shifed focus of the debate to Obama’s plan to pay for it. And in doing so they’re hoping to make the president eat his own words.

Obama wants to offset an extension and expansion of the existing payroll tax cut with a new 3.25 percent surtax on all millionaires and billionaires — a plan Republicans say will go nowhere.  Instead, they’re offering  a menu of spending cuts that they say Obama will find difficult to refuse.

Washington takes out less money for social security recipients and call it a tax cut.. Then raises taxes on the rich as a lame excuse to pay for cuts, while actually  spending it on other stupid programs.. The Old Switcheroo..