To: All
Why arent the Republicans countering the payroll tax cut with a income tax cut instead? That would apply for everyone and would lower payroll deductions too, along with negate the Democrat intended consequence of a progressive tax structure only having a payroll tax cut would impose as being paid for by millionaires. Isn't that a wealth tax?
3 posted on
11/30/2011 6:49:29 PM PST by
Son House
(The Economic Boom Heard Around The World => TEA Party 2012)
To: Son House
GOP can just pass an extension and force the WH to veto that which he says will send us into recession if it doesn’t pass. Simpler that way. The campaign ads will write themselves!
To: Son House
Why arent the Republicans countering the payroll tax cut with a income tax cut instead? Because about half of the wage earners in the US are only paying Social Security taxes. They aren't paying any income taxes. The only people that would benefit from lowered income taxes would be those already paying them.
By lowering payroll taxes, the burden is being further shifted onto the people that pay income taxes. Those payroll taxes will have to be made up from the general fund (i.e. from income taxes), both now and in the future.
Economically, your proposal makes sense. Politically, it would be a disaster.
13 posted on
12/01/2011 6:56:12 AM PST by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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