To: sickoflibs
This FICA cut had got to be the stupidest tax cut of all, esp compared to other possibilities. If Obummer were serious about cutting FICA taxes to "help the economy", he would recommend a cut of the employer's share rather than the employee's share.
Reducing the cost of employment might actually serve to increase hiring.
58 posted on
08/15/2011 12:53:38 PM PDT by
okie01
(THE MAINSTREAM MEDIA: Ignorance On Parade)
To: okie01
RE :”
If Obummer were serious about cutting FICA taxes to “help the economy”, he would recommend a cut of the employer's share rather than the employee's share.
Reducing the cost of employment might actually serve to increase hiring.”
I posted that same view in December an many times since.
Cutting FICA which was obviously Obama’s idea like his “Making Work Pay tax credit’ and the 2008 Bush-Pelosi stimulus tax credit just plays to the Democrat idea that voters can be distracted from the nations dire circumstances with a small bribe.
59 posted on
08/15/2011 1:04:15 PM PDT by
sickoflibs
(If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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