Boehner wants new bill cutting payroll tax

Atlanta Journal and Constitution ^ | 12-18-11 | Alan Fram

[VictoryGal]

Even if the LSM weren’t in the tank for the libs, Blubbery Boner couldn’t communicate conservative truths (like Dims are DEFUNDING Soc Sec) effectively if his life depended on it.

RINOs. Sigh...

[tennmountainman]

This is not going to help the narrative that “Boehner caved”.

It’s still early. The caving will soon come, in one form or another.

[Maryhere]

Boehner has not caved. He is a good conservative. There is absolutely no sense in passing a bill that will just have to be done over in 2 months again and then again and again once more. These people in the senate are cracked. They all have been in office too long and have lost all sense of reality. I hope Boehner can hang in there, forget about Christmas dinner and presents and get something with a little longevity passed. I am sure he will have the votes in the House to extend the bill to one year anyway.

[Recovering_Democrat]

bump

[Principled]

Yes jl, this was the point I want to make.

Switching from promoting a “payroll tax” cut to an income tax cut would bring this home to more people one would hope. Hell it may even work.

[Principled]

he he i’ve not doubted it either... seems my posts recently need to have the sarcasm tag included...

promoting an income tax cut in lieu of a “payroll tax” cut would bring focus to this idea.

[Cheerio]

You know all taxes go into the general fund, right? And from the general fund there is not enough money to fund anything Congress has created. We are a debt based economy. I know there is no money in the Social Security Trust Fund. The point I was trying to make was that Obama started just two years ago referring to the Social Security Trust Fund as Payroll Taxes, which technically it is. Even Roosevelt argues at SCOTUS that is was a "Tax". BUT no one has referred to it as anything other than FICA Social Security Trust Fund, until now during the reign of Zero. He wants the sheeple to believe the GOP is raising their taxes. SIMPLE.

[Prokopton]

These two lobbyist stooges are disaster and will lose the House at this rate!

We do not have the House. What have they done since the 2010 elections except spend huge ampounts of money we don't have? The Democrats have got what they wanted every time, more spending, more deficits, more debt. I don't know if it could be worse if Pelosi was still in charge.

[La Enchiladita]

Boehner took the club out of Obama’s hands and is now beating him over the head with it, and yet you complain.

I know. Senate Republicans caved but Boehner and House GOPers are FIGHTING. What part of this do the posters on thread not understand? They have developed such a habit of dumping on Boehner, they react in knee-jerk fashion when they see his name. Really, it's unbelievable.

These are the same folks with the same attitudes that brought us losses in the 2006 Congressional elections, and hence, the dismal situation we are in today. They aid the enemy ... in the name of "true conservatism?"

[La Enchiladita]

No payroll tax extension and no extension on unemployment benefits!!!

It is the payroll tax CUT that is being extended, not the payroll tax. Boehner and House Republicans (including Paul Ryan) are opposed to extending the CUT for only two months and will, tomorrow, negotiate for a one-year extension. Not that you or your "true conservative" ilk would appreciate it.

[tallyhoe]

As a result, most people will benefit from a cut in Social Security taxes (also known as Payroll Taxes). Senate voted overwhelmingly on Saturday to extend a payroll tax cut for only two months...

Now if congress keeps stealing from the the Social
Security fund then it will forever broken... The Un-employment benefits program should revert to the old scedule. Extending it would make it easier for people to sit on their duffs!

[True Republican Patriot]

Does anyone know what Boehner reports as his Net Worth?
He was asuccessful Businessman befor joining Congress, but successful has he been since acepting the Congresscritter’s salary of something around $150 K a year? be interesting to plot the growth from then till now!

[kabar]

No it is a payroll contribution (vice tax) cut that is being extended. And exactly how would the SSTF be paid back for the lost revenue? By issuing more IOUs, i.e., non-market T-bills. In the meantime, SS, a pay as you go program, will experience a reduction in revenue, which must be made up by cashing in the IOUs in the SSTF to make up the shortfall. The General Fund must come up with the money to redeem them, which should give one pause since 42 cents of every federal dollar are borrowed.

What this really is another stimulus plan using borrowed money and having SS as the conduit to give people what amounts to a rebate. There will be no real payback to SS since the USG will just issue more IOUs to the SSTF over a ten year period. The money raised to payback those IOUs will be used by the General Fund for whatever purpose it wants just like the SS surplus used to be used when we had one. SS has been running in the red since 2010. It is also important to remember that the SSTF represents an unfunded liability, which is why it is included in the national debt under "Intragovernmental Holdings."

Sen Kirk, no conservative, but he has it right. In this clip he schools two reporters from the LAT and Politico.

[Calif Conservative]

I greatly appreciate your post.

Why?
Now I don’t have to read the rest of the thread, since you took care of the panoply of mindless comments that no doubt followed yours.

On the other hand, if this was meant as sarcasm — then kudos to you.

-George

[SunkenCiv]

Thanks Yankee.

...wants congressional bargainers to write a new measure that would last an entire year.

[goat granny]

Talk is cheap, let him do it and show some spine. That is if he stops crying long enough to write anything...

[Track9]

Simply by listening to what is now commonly discussed, this article is probably one of the most influential I have ever read. The overage person hasn’t gotten there yet, but they will and it is the perfect antidote to the brain dead occupiers line of ‘reasoning’.

[Graewoulf]

The soap opera that is our sorry political system, continues as long as we, the voters keep our sorry politicians from being censured, fined, impeached or jailed for putting the interests of THEIR political party above the interests of the USA.

Will Democrat Senator “Bottleneck” Reid continue to put Political Party over Country? Will Senator “Son-of-a-Mitch” McConnell continue to cave-in to the Democrats and the MSM-controlled “Court of Public Opinion?”

The tension mounts as the 24/7 MSM continues to divert our attention from the main problem: the can cannot be kicked down the road anymore because the “road” ended when our total National Debt exceeded 15 Trillion dollars.

The bipartisan team of “Bottleneck” Reid and “Son-of-a-Mitch” McConnell 1, America 0.

BTW Boehner, don’t trust Son-of-a-Mitch anymore: 89 votes FOR the Bottleneck bill is all the proof that you need.

BTW, BTW Federal politicians, now that payroll taxes have been cut, hopefully permanently, it is time to cut Social Security spending, hopefully permanently. There is still plenty to cut the baseline spending on: Medicare, Medicaid, Obama”care,” Federal Aid to Education, Aid to Dependent children, Farm subsidies, and the rest of your sainted Entitlement Plantation.

BTW, BTW, BTW lurkers, the disastrous Entitlement Plantation exists because YOU voted for the snake-oil salesmen/women who told you: “Vote for me, and I will give you a free lunch.” Are you happy now?

[PieterCasparzen]

The republican establishment that voted FOR the cut to payroll withholdings for employees...

ARE EITHER COMPLETE MORONS OR VILE SELF-SERVING POPULIST SLIME.

No one thinks to January 2013.

If we do get a Republican President - the whole FREEKING MESS will be BRANDED A REPUBLICAN MESS EVERY DAY IN THE PRESS FOR 4 YEARS.

And the new Republican President will HAVE TO USE VALUABLE POLITICAL CAPITAL to put it back to the 6.2% rate WHERE IT BELONGS.

The Republican establishment only does two things:

1) RETREAT
2) HURT THEIR OWN PARTY FOR THE FUTURE.

So are they morons or self-serving populist slime ?

[SusaninOhio]

Ummm. I consider myself a conservative, but since both myself and my husband are unemployed (not on purpose) the payroll tax cut does nothing to help us.

Extending the tax cut, for 2 months or 2 years, means that folks will NOT be contributing anything to Medicare and SS.

Not that the SS ‘fund’ is in good shape, because it isn’t, but how will further depleting it help that situation?

I did read that no one including Obama can ‘touch’ (plunder, raid) the SS ‘funds’. If this is true, extending the cuts only makes him look like a hero, and he will be free to raid all the funds from other taxes, like the one being added to mortgages and refis.

I don’t think the payroll tax cut should be extended at all and Boehner and friends need to explain loudly and clearly to the American taxpayer why.

Obama is a master flim-flam man and this is the first and only compliment I will ever pay him. He has thoroughly flim-flammed the Republican establishment over this issue and they are buying it, hook, line and sinker.