With just a month left before the one-year payroll tax break
expires, Senate Democrats
are trying to get Republicans to agree to extending it, to be
paid for with a 3.5 percentage point surtax on income above $1
million. The catch is that the surtax would be permanent.
This is the kind of thing that lends credence to Republican
accusations that Democrats are simply waging class warfare and
demonizing the successful. Harry Reid et al. are asking us to
believe that they are terribly worried about the grand or so middle
class households would lose in one year if the payroll tax
increases, yet totally unconcerned about raising top earners’
lifetime taxes by millions and millions. In other words, that a
payroll tax cut for one year now is worth much higher taxes on the
upper brackets forever.
David W| 11.28.11 @ 7:18PM
It's the spending!!! We could tax everyone 100% of their net worth, and the government will still spend more. Stand firm non-RINOs!! Tell them to listen to the American people.