Friday, September 16, 2011

Payroll Tax Holiday: Temporary Or Not?

Supposedly, Republicans are opposed to raising taxes. Except that they support corporate subsidies, etcetera & they oppose extending the temporary 'payroll tax holiday', which reduces Social Security deductions from 6.2% to 4.2% for employees ((not employers). Yet Republicans did the very same thing when Bush Jr. was in office in 2001 and again in 2008. But seemingly, when a Democrat is in office, they change their tune (except when it benefits the wealthier).