[pogo101]

If the annual tax rates were reduced, not just the amount withheld, then I certainly stand corrected.

This is what the government itself says: It’s a FICA tax cut — not JUST a withholding cut, as I was stubbornly saying — BUT the amounts will get repaid to SS by “The general fund,” in other words, general tax revenues. They’ll have to raise OTHER taxes (or cut spending that otherwise wouldn’t need to be cut) to “pay for” this “tax cut.” It’s all smoke and mirrors.

http://www.ssa.gov/oact/progdata/taxRates.html

(in the footnote)

[newzjunkey]

If this obligation puts added pressure on government to enact spending cuts elsewhere, terrific!

I don't see a reason to raise "other" taxes but the Democrats will, they always do. Higher revenues coming in with economic recovery will meet this obligation.

It was done to help prime the pump of the pathetic economic recovery.

Would you prefer it was never done?