Wednesday, December 15, 2010

Reduce Payroll Tax???

As much as anyone else, I'd love to see an extra 2% in my paycheck every week. However, how can we ignore the lesson learned from the Bush tax cuts that "expire" this year. Letting them expire is interpreted as a tax "increase" by almost everyone. Why do we think the Social Security payroll tax reduction will be any different next year. Within a year, 4.2% will become the new "normal" and going back to 6.2% will be accompanied by cries of "tax increase".

How do we avoid this? Simply do NOT include the 2% payroll tax reduction in the tax package. What are these idiots in Washington thinking??

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