This is a dishonest article. They are not “payroll taxes” they are contributions to Social Security. Social security has been threatened with bankruptcy and will be insolvent in a few years.
The NYT people are hypocrites.
“This is a dishonest article. They are not “payroll taxes” they are contributions to Social Security. Social security has been threatened with bankruptcy and will be insolvent in a few years.
The NYT people are hypocrites.”
Yes, I believe that the so-called tax cuts that employees have experience over the last couple years should never have been given in the first place. To underfund the Social Security program even more than it already is was almost criminal. I thought at the time that it was a deliberate attempt to hasten the crash of the SS program.
I may be getting to be uncaring, but I find it hard to feel sorry for the Obama voters that thought only the “evil rich” were going to see tax increases, and not they, themselves.
The payroll tax, ie, contributions to social security, was the STUPIDEST tax to cut,
so of course, that’s the one he had cut.
SS is already going bankrupt, and it’s “as if” he intentionally accelerated it with his “tax cut”.