Bipartisan silliness on payroll tax cut
December 6th, 2011
10:23 AM ET
2 years ago

Bipartisan silliness on payroll tax cut

NEW YORK (CNNMoney) - Who says Republicans and Democrats can't agree on how to pay for extending the Social Security tax break?

Sure, the parties have put forth some very different proposals. Democrats want to tax the rich. And Republicans want to shrink the federal workforce and charge the wealthy more for Medicare.

FULL STORY

Filed under: Congress • Democrats • Republicans • Taxes
soundoff (13 Responses)
  1. Rudy NYC

    Remember, folks. It has been Republicans insisting that moving forward absolutely everything *must* be paid for. It has been Republicans insisting on not ever voting for tax increases. This makes the Democratic proposal look dead on arrival because it specifies what the majority of the American people want, a tax increase on income of one million dollars.

    Even most Republican voters want this type of tax increase, but it goes against Republicans pledges to Grover Norquist. The smart Republicans in Congress see what is coming. They see that the pledge is taking away all of their wiggle room for compromise. They see that Republicans are losing public opinion over the payroll tax cut extensions because of their pledged stances on taxes. The naive Republicans do not see the trap waiting for them when it comes time to extend their beloved Bush Tax Cuts. There will be nothing left to cut, and Democrats will rightfully demand that they be paid for. Conservatives have argued that tax cuts "pay for themselves". That line of argument will be dead on arrival, according to their own rules.

    December 6, 2011 10:36 am at 10:36 am |
  2. rs

    The Republican call to fire 200,00- federal employees (on top of 100,000 Postal workers) so that the obscenely rich can get even greater tax cuts will only wreck the economy. Make no mistake, that is precisely what they want. Their twisted little brains think that if things are SO BAD when the next election rolls around Americans will vote Republican in droves, not realizing they are the party that caused all the economic woe in the first place.

    Newsflash- Americans are not that dumb.

    December 6, 2011 10:41 am at 10:41 am |
  3. Sniffit

    "Senate Democrats included in their latest proposal two GOP measures that have to be among the least effective ways to pay for anything. "

    And it worked: you finally wrote a story explaining just how ridiculous, absurd and ineffective the GOP's proposals are. Of course, you only did it because it offered you a chance to try to shift blame for them onto the Dems, but that's ok...we know the MSM lives strictly by the IOKIYAR Code.

    December 6, 2011 11:04 am at 11:04 am |
  4. Sniffit

    "Remember, folks. It has been Republicans insisting that moving forward absolutely everything *must* be paid for."

    Actually, when they were arguing for the Bush tax cuts, they literally argued that tax cuts are the one thing that doesn't have to be paid for:

    "“My view, and I think most of the people in my party don’t believe that you should ever have to offset a tax cut.”"
    -Jon Kyl

    See, when it comes to tax cuts for the wealthy that are ineffective at stimulating the economy, they jsut want them in place to eviscerate the budget by depleting gov't revenue. When it comes to payroll tax cuts for the middle-class that actually help shore up demand and may even increase it if the cut is made larger, the GOP doesn't want that..no way, no how, when it might mean increasing economic health during an election year in which they want to blame the apocalypse on a sitting Dem POTUS....so they've flip-flopped, are demanding pay-for and are demanding permanent extension of the Bush tax cuts (Kyl himself came out and demanded those thigns today) in exchange for helping the middle class and the economy. CNN won't report on it.

    December 6, 2011 11:16 am at 11:16 am |
  5. Rick McDaniel

    This and ALL other issues before Congress, are going no where, because the Dems are demanding the millionaire tax, before they will pass ANYTHING!

    The GOP will NOT pass the millionaire tax, because in fact the top 10% already pay 70% of the income taxes, and they ALREADY pay more than their fair share.

    That is the formula for gridlock, and the Democrats are responsible for that, because they are the ones unwilling to bend on that single goal of taxing the rich, even more, as they want their way, even when it makes zero sense..

    December 6, 2011 11:26 am at 11:26 am |
  6. Rudy NYC

    Sniffit wrote:
    ee, when it comes to tax cuts for the wealthy that are ineffective at stimulating the economy, they jsut want them in place to eviscerate the budget by depleting gov't revenue. ..... CNN won't report on it.
    ---------------
    Not yet. There's no need. That story will crest a year from now, some time after the 2012 elections. Democrats are just executing running plays up the middle, to soften up the defense, before they start passing the ball. The smarter Repubilcans in Congress can see "the box" that Democrats are carving around the corner that the Norquist Repubilcans are painting themselves inside of. Democrats are going to "keep them honest" by holding them to their "values." Just watch. Patience.

    December 6, 2011 11:34 am at 11:34 am |
  7. Rudy NYC

    Rick McDaniel wrote:
    The GOP will NOT pass the millionaire tax, because in fact the top 10% already pay 70% of the income taxes, and they ALREADY pay more than their fair share.
    -------------------–
    You are comparing apples and oranges. Taxes are based upon income, not population. If the top 10% earn 70% of the income, then it is only fair that they pay 70% of the taxes. You are arguing for them to get a free ride and not pay their fair share.

    If that is the formula for gridlock, then let me point out that The People will vote off the grid and vote for progress. What you call gridlock is what I am calling "running out of wiggle room". No one is bent on taxing the rich. Democrats are committed to undoing the policies that destroyed the economy.

    December 6, 2011 11:40 am at 11:40 am |
  8. rs

    Rick- Get a clue- The Senate Republicans haven't done a damn thing for the past two years. They've arbitrarily blocked apponitments, they've blocked hirings, they have filibustered EVERY bill. Jobs? their idea is to kill them- and they have been very effective.
    Remember- The Bush tax cuts were temporary- now Republicans are so addicted to them (and pledged to Norquist) that no matter what they can't give them up. Republicans have become the anti-American party because they only want to represent the richest 300,000 Americans- not the whole country.

    December 6, 2011 11:56 am at 11:56 am |
  9. Four and The Door

    Rudy NYC
    ... Democrats are committed to undoing the policies that destroyed the economy.
    ________________________________________________________________________________________________
    Whether they like it or not. As a first step in this direction, Barney Frank has decided not to run for congress again. Let the healing begin!

    December 6, 2011 12:02 pm at 12:02 pm |
  10. Rudy NYC

    Rick McDaniel wrote:

    This and ALL other issues before Congress, are going no where, because the Dems are demanding the millionaire tax, before they will pass ANYTHING!
    ----------------
    The Democrats would not be asking for tax increases here to pay for a tax cut over there if Republicans had not adopted an "everything must be paid for" attitude when it comes to spending. This is "cut, cap and balance" being applied to revenue, instead of spending.

    December 6, 2011 12:07 pm at 12:07 pm |
  11. PA_outofwork

    The majority of American don’t want their taxes raised. Nobody wants there taxes raised!

    Here’s the Tax needed to ensure everyone pays their fair share:
    If you are a registered Democrat, vote Democratic or donate any money to a Democrat, you pay an additional 15% tax on all income, capital gains, money you take in.
    This will get the 52% that pay no taxes to have some skin in the game and share the sacrifice. This will get Warren Buffett, Teresa Heinz, GE, etc… and the other bleeding heart liberals to pay their far share.

    December 6, 2011 12:09 pm at 12:09 pm |
  12. Mike in Fairfax

    I finally agree, somewhat, with something Rudy has to say! Whatever precentage of the total income your particular pay-grade earns...that's the percentage you should pay in taxes. That includes those who currently pay nothing. They can go ahead and pay their fair share by Rudy's methodology.

    December 6, 2011 12:17 pm at 12:17 pm |
  13. Fair is Fair

    Mike in Fairfax

    I finally agree, somewhat, with something Rudy has to say! Whatever precentage of the total income your particular pay-grade earns...that's the percentage you should pay in taxes. That includes those who currently pay nothing. They can go ahead and pay their fair share by Rudy's methodology.
    ---------
    Yeah, I caught that as well. Rudy had a Freudian slip – his DNC handlers will take it out of his hide.

    December 6, 2011 12:27 pm at 12:27 pm |