How should we pay for the Payroll Tax Cut, unemployment insurance extension and increased Medicare reimbursement? (wages, Reaganomics)
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No one wants to talk about the real issue connected to all the politics related to the Payroll Tax issue. HOW ARE WE GOING TO PAY FOR IT?
People forget that the cut in the Payroll (Social Security) Tax was just suppose to be for one year and the money (BILLIONS) we are losing from the lower tax rate is making Social Security go broke sooner. They also forget that paying people not to work in Federal Extended Unemployment Insurance payments costs tens of billions of dollars. Or that we had planned to cut the amount of money Doctors get from Medicare but the medical lobby keeps pushing for that to come the next year.
We are talking about hundreds of billions here. I thought we needed to cut government spending, not increase it.
Forget the feel good politics of the payroll tax cut and answer me this question: How should we pay for the Payroll Tax Cut, unemployment insurance extension and increased Medicare reimbursement?
Payroll tax cuts come from taxes. In other words, we're choosing to reduce tax collection on payroll taxes, hoping that it will help boost the economy by a bit, which in turn will help regain the losses in the future. People who care for payroll taxes and their shrinkage, ought to stop shedding crocodile tears and work to help improve the economy, not continue to push it downhill (either deliberately or out of sheer ignorance).
So trdickle down economics is OK if Obama is in charge?
Quote:
Originally Posted by EinsteinsGhost
Payroll tax cuts come from taxes. In other words, we're choosing to reduce tax collection on payroll taxes, hoping that it will help boost the economy by a bit, which in turn will help regain the losses in the future. People who care for payroll taxes and their shrinkage, ought to stop shedding crocodile tears and work to help improve the economy, not continue to push it downhill (either deliberately or out of sheer ignorance).
Payroll tax cuts come from taxes. In other words, we're choosing to reduce tax collection on payroll taxes, hoping that it will help boost the economy by a bit, which in turn will help regain the losses in the future. People who care for payroll taxes and their shrinkage, ought to stop shedding crocodile tears and work to help improve the economy, not continue to push it downhill (either deliberately or out of sheer ignorance).
Those cuts have been in place for a year now. If you haven't seen that boost yet, 2 more months ain't gonna do it.
You know, the House can actually get something done after all, well, with 8-9 people in the Chamber that is. Hmmmm, maybe that's they way it should stay?
Payroll tax cuts come from taxes. In other words, we're choosing to reduce tax collection on payroll taxes, hoping that it will help boost the economy by a bit, which in turn will help regain the losses in the future. People who care for payroll taxes and their shrinkage, ought to stop shedding crocodile tears and work to help improve the economy, not continue to push it downhill (either deliberately or out of sheer ignorance).
That sounds like Reaganomics/laffer curve to me, I thought you were opposed to those things?
We could cut out useless federal departments.
We could bring home ALL of the military.
We could reform our handout programs.
We could cut corporate taxes and make America very "business friendly", so we can have more places to work. Get rid of our income tax.
Instead of worrying about how will we provide senior citizens with $30,000 to span over the course of the rest of their lives, how about we provide people with JOBS --and an influx of jobs so pay wages will be competetive -- so we don't have to worry about living off of $400 a month when we are old. We can, you know, do that weird thing like work and be able to save.
But it'll make sense to just print out the money and destroy our $1 even more. People aren't afraid of that.
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