Entries Tagged as 'Payroll Tax Cut'

Middle Class Taxpayers Still Lose

December 29th, 2011 at 9:45 am 25 Comments

The recent fight over the extension of the payroll tax holiday has once again shown that the Republican Party does not particularly care about the middle class tax burden. The party is quite interested though in cutting taxes on the highest earners. What gets completely ignored is the fact that most billionaires already have lower effective tax rates than some segments of the middle class.

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Brinkmanship Works

December 21st, 2011 at 5:21 pm 72 Comments

It seems that everyone is deploring the “tactics” of the House Republicans in refusing to pass a two-month extension of the payroll tax cut and by doing so, sildenafil drawing out the standoff until the last minute. Is this the way resolve a dispute? Yes, hospital deadlines force the combatants to make concessions.

I’ve been practicing law for 22 years, purchase and began my career believing the judicial system was an efficient and civilized method of dispute resolution.

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How Dare The WSJ Blame The House GOP?

David Frum December 21st, 2011 at 10:18 am Updated122 Comments

The Wall Street Journal this morning excoriates House Republicans for mishandling the payroll tax holiday:

The GOP leaders have somehow managed the remarkable feat of being blamed for opposing a one-year extension of a tax holiday that they are surely going to pass. This is no easy double play

True that. But if anyone is to scold on this score, it should not be the Journal – which is as responsible as any of the House members for the GOP’s payroll-tax predicament.

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Congressional Quagmire

David Frum December 20th, 2011 at 8:37 am 178 Comments

The problem is bigger than the House of Representatives. The prior question is: why did the Senate adjourn having passed such a ridiculous thing as a two-month extension of the payroll tax holiday?

It’s the answer to that question that reveals the true dysfunction in Congress.

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The New Payroll Tax Strategy

December 12th, 2011 at 2:29 pm 84 Comments

House Republicans have made a bid to boldly reverse their public relations disadvantage as gridlock over the extension of the payroll tax holiday and other legislation vital to the economy continues.

For the past month or more, ask Republicans had been scolded as the bastion of the rich and privileged. Democrats wanted to increase taxes on the successful, click using those new taxes to continue long-term unemployment insurance, see a broadened payroll tax holiday, and to insure that health care providers under Medicare don’t take an overnight 27 per cent cut in payment for services.

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Debunking the Payroll Tax Cut Idea?

David Frum August 30th, 2011 at 9:21 am 38 Comments

Over the past 2 years, I’ve banged the drum for a payroll tax cut as a way to put more money into workers’ hands quickly and efficiently, arguing against most other forms of fiscal stimulus as too slow and unwieldy. Bruce Bartlett states the counter-case today in the New York Times:

First, the tax cut only helps those with jobs. While many have low wages and undoubtedly are spending all their additional cash flow, those with the greatest need and most likely to spend any additional income are the unemployed.

Second, the payroll tax cut helps many workers who have no need for it and will only pocket the tax savings.

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