Senate Democrats yesterday introduced legislation — as they’ve been promising to — that would extend a soon-to-expire payroll tax cut, and pay for it by implementing a surtaxon income above $1 million. Republicans, of course, are opposing the plan, reviving their false claims that taxing the very wealthiest Americans will hit small businesses and job creators.
In essence, the GOP is saying that it’s willing to allow higher taxes on middle- and lower-income Americans in order to prevent tax increases on the very wealthy. According to an analysis by Citizens for Tax Justice, provided to the Washington Post’s Greg Sargent, the surtax would affect exceedingly few taxpayers, while a payroll tax cut expiration would wallop more than 100 million households:
There is no raise here. It's about an extension of payroll tax cuts. If you are working, it works for you. If you are not working, it does nothing for you. If you are on social security, it helps underfund your benefit.
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ReplyDeleteThere most certainly is a raise here... if the payroll tax cut is not extended, there is a raise in taxes.
Its simple logic
Great - more class warfare. Well here's a radical thought: cut spending, and don't raise ANYBODY'S taxes.
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