Republicans should propose eliminating it all together. If it is good policy for 2012, it is good policy for all time.
That would dovetail with Nancy's proposal:
Everyone should quit his job and go on permanent unemployment.
Payroll taxes, or FICA, is all that is funding next month’s SS checks. But truthfully, the paltry cut from 6.2% to 4.2%, and only the workers bout the cut, the employer still hast to pay the higher rate, is too pitifully small ti make any difference to the economy. This tiny tax cut is what Obama meant when he said the he had tried tax cuts and they didn’t work.