[And the Republicans also socked it to the working class, something that often seems to be an unstated goal of the party. How? By not extending the payroll tax cut.]
The payroll tax partially funds Social Security, Medicare and Workers Comp. The cut couldn’t be made permanent without creating a new funding mechanism—like borrowing the money from another country.
Not to pick on you Brad, but this is a tired line. The vast majority of our debt is not puchased by other other countries. Right now, the Fed is buying $85 billion per month of our deficit spending which is darn near 100% of the deficit. PS - When is the last time China purchased any of our debt?
“the payroll tax cut”
Which was being taken from social security that Obama didn’t want you to know. And it wasn’t actually a tax cut since you still paid it at the end of the year, another little tidbit Obama didn’t want you to understand.
“the payroll tax cut”
Which was being taken from social security that Obama didn’t want you to know. And it wasn’t actually a tax cut since you still paid it at the end of the year, another little tidbit Obama didn’t want you to understand.