Payroll tax cut problem: Paying for it
November 30th, 2011
07:17 AM ET
3 years ago

Payroll tax cut problem: Paying for it

New York (CNNMoney) - After a year of beating their heads against the wall about reducing deficits, lawmakers in the next few weeks may add to them.

At issue are several expiring provisions of law: a Social Security payroll tax cut; long-term federal unemployment benefits; a "doc fix" to ward off a scheduled cut in Medicare physician pay; and a bevy of temporary business tax breaks.

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Filed under: Congress • Taxes
soundoff (12 Responses)
  1. Ohio man

    The Bush tax cuts wasn't a " How are we gonna Pay for it" issue ... and they made sure that got passed.... these glowns .. lol.. Your Tea Congress..gotta luv them ... and how many job did the Bush tax cut create????

    November 30, 2011 07:32 am at 7:32 am |
  2. Ohio man

    ^^^ Typo.. clowns

    November 30, 2011 07:33 am at 7:33 am |
  3. zanny

    Easy answer = tax the billionaires!!!!!!!!!! For 8 years under Bush they didn't worry about paying for anything – why now!! If I truly believed they were concerned, that would be different, but they aren't. They are looking out for big business and the rich who keep getting richer and who feel they aren't rich enough.The Koch brothers have more money than they could ever spend yet they want more and more and want to get rid of unions so we can go back the post Civil War wages and they can get more money. The greed that has taken over this country fully supported by the Republicans is amazing.President Obama hasn't succeeded because he hasn't been allowed to and the rest of the country be da--. Keep the wealthy happy – they are the job creators ask anyone who answers the phones for them in India or China or the Phillipines.

    November 30, 2011 07:45 am at 7:45 am |
  4. Ray E. (Georgia)

    The best laid plans of Mice and Men.

    November 30, 2011 07:46 am at 7:46 am |
  5. Dreamer96

    I was watching Senator Tom Coburn, a Republican, from Oklahoma, this morning talking about his attempt to save money by moving schools off militrary bases, and out to public schools nearby those bases...The reason was we currently spent $51,000.00 per student, per year, to teach children of our military at base schools.....but Tom you have to consider the safety of those kids...and that public schools may not be the safest for the children of our military right now...I would suggest that students from the civilian world be offered a chance to attend the base schools though, if this would increase the class sizes, and reduce the cost per child at the base schools...I know from a base I worked at in the 1990's that was done there.....

    November 30, 2011 08:03 am at 8:03 am |
  6. Rudy NYC

    If you ever had any doubts about whether or not Republicans are being obstructionists, then this issue should confirm the fact that they are in fact being obstructionists. Since when have Republicans ever demanded that a tax cut be "paid for" before they can agree to it.

    Democrats have always argued against most large tax cuts sought by Republicans on the grounds that the cuts were not "paid for" and would add to the deficit. The Republican response has ALWAYS been that "tax cuts pay for themselves." They wish to argue that these cuts will not pay for themselves, while maintaining that the Bush Tax Cuts do. ??? Come on, man.

    November 30, 2011 08:06 am at 8:06 am |
  7. Jules

    So let me see if I have this right. The GOP is worried about paying for extending the payroll tax reduction meaning if they let it expire the payroll taxes will increase, especially harming the middle class and the working poor, but they don't worry about paying for extending the Bush tax cuts which will add 3+ trillion dollars to the deficeit?

    November 30, 2011 08:18 am at 8:18 am |
  8. Sandy

    Typical Republicans. Claim to be fiscal conservatives, but don't want to pay for anything when it comes down to it, unless they can take it from the poor or average folk.

    November 30, 2011 08:20 am at 8:20 am |
  9. ConservaFASCISTS/TeaHadists/Tea Queda/TeaLiban

    It's about time we start paying for things before we start spending. A practice that has been null under republican leadership. If they support no tax hikes whatsoever, then they'll find a way to pay for this.

    November 30, 2011 08:25 am at 8:25 am |
  10. Jack from Illinois

    The time is fast running out when Republicans can avoid taking responsibility for their obstructions.

    November 30, 2011 08:52 am at 8:52 am |
  11. diridi

    these are nothing before Bush Iraq war and Reagan's Trickle down theory losses....o.k, Raise Revenue by raising Tax on whoever make more than 250k or more. Bring corporate tax down to attract Manufacturing back to USA. Way to go Obama. Told you, things are getting better, today's news, employment is up. good news. Obama2012.

    November 30, 2011 08:54 am at 8:54 am |
  12. Rick McDaniel

    There isn't any justification for extending it. It is simply more stimulus by Obama.

    November 30, 2011 09:21 am at 9:21 am |