Millions Noticing Paychecks Lighter Today, Due To Payroll Tax Hike (Congress, Christmas)

[Mr.XXX]

Obama 'Stupid People Are My Useful Idiots'...Yet these idiots will follow our Dear Marxist Leader to the end!!!!

Millions noticing paychecks lighter today, due to payroll tax hike | Fox News

[Winter_Sucks]

Originally Posted by Mr.XXX

Obama 'Stupid People Are My Useful Idiots'...Yet these idiots will follow our Dear Marxist Leader to the end!!!!

Millions noticing paychecks lighter today, due to payroll tax hike | Fox News

You do know that it was the GOP who also allowed the payroll tax cut to expire?

[Mr.XXX]

You do know that it was the GOP who also allowed the payroll tax cut to expire?

Yes...unfortunately your right...and i think it'll end up back firing on the GOP....thats what happens when you make a pact with the Devil AKA Obama...

[ColonelStraker]

Originally Posted by Winter_Sucks

You do know that it was the GOP who also allowed the payroll tax cut to expire?

It was a "holiday", not a permanent "cut". Christmas is over on December 26.

I prefer that it be rolled back permanently to the 1% that was the rate when the actual Social Security legislation was signed by FDR.

[TempesT68]

Originally Posted by Mr.XXX

Yes...unfortunately your right...and i think it'll end up back firing on the GOP....thats what happens when you make a pact with the Devil AKA Obama...

So you should be taking your outrage out on the middle class hating fascist GOP.

[my54ford]

I know! My 8% raise turned into about 5% Now I only need a forklift to carry my check to the bank not the payloader!

[Roadking2003]

Originally Posted by Winter_Sucks

You do know that it was the GOP who also allowed the payroll tax cut to expire?

Hmmm.... that's creative. Last time I checked the Dems controlled the Senate and The Idiot in the white house SIGNED the bill.......

Sorry, but he can't dodge this one.

[Dale Cooper]

Originally Posted by Winter_Sucks

You do know that it was the GOP who also allowed the payroll tax cut to expire?

When you say silly things, your credibility sinks even lower.

Oh, wait..........

[jazzarama]

Originally Posted by Winter_Sucks

You do know that it was the GOP who also allowed the payroll tax cut to expire?

Nobody would expect the GOP to continue a tax cut that helped the low and middle income workers. otoh, Obama and the D's are the ones who should have fought to continue the cut. So, anyone who's disappointed at losing the lower rate can only look at the D's for giving it up without a whimper.

[my54ford]

Wham another homer!!!Way to go Barry!

The New (Old) Payroll Tax Is Starting to Hit Hard - Yahoo! Finance

President Obama and Congress negotiated the 2 percent tax holiday in December 2010. Their hope was that extra money suddenly appearing in workers’ paychecks would get spent, boosting the economy. Neither side wanted to undercut Social Security funding, though, by making the reduction permanent—and now the result could be a form of anti-stimulus. Analysts have told Bloomberg News they expect sales at Dollar General, Family Dollar, and other stores that cater to low-income shoppers to fall as the payroll tax increase begins to take hold. It’s “like a splash of cold water,” Credit Suisse analyst Edward Kelly told Bloomberg News. “It represents a direct reduction of spending by the lower-end consumer.”