Payroll tax cut in its last lap?
May 29th, 2012
08:08 AM ET
6 years ago

Payroll tax cut in its last lap?

NEW YORK (CNNMoney) - The payroll tax cut you've enjoyed since last year may be going away in January.

And for most Americans, it's one of the most concrete pieces of the so-called fiscal cliff - $7 trillion in tax hikes and spending cuts set to take effect next year.


Filed under: Congress • Taxes
soundoff (7 Responses)
  1. Marie MD

    I am sure the teapublikans are salivating since they will screw the little guy even more while allowing the super rich to continue to make more money.
    This country has fought and survived wars, pestilence even racism, but the class war teapublikans are engaging in against the vanishing middle class and the poor will be the downfall of the country.
    And to the Kola bishop, the biggest, messiest, baddest army is not going to be of any help because the troops are also the 1%.

    May 29, 2012 08:31 am at 8:31 am |
  2. Rudy NYC

    I hope you folks realize that all of these issues coming up at the same time was by design. The sunset date on bills are always contested just as fiercely as the actual content of the bills. Republicans hope to extend their ideological budget under the rush to get things done, which they have obstructed or postponed so as everything reaches critical mass at once.

    May 29, 2012 08:34 am at 8:34 am |
  3. Gurgyl

    RAISE on 250K or more earners, it is not penalizing them, it is asking them friendly when nation needs help.....

    May 29, 2012 08:46 am at 8:46 am |
  4. gt

    about time...we cant keep stealing from social security..

    May 29, 2012 09:07 am at 9:07 am |
  5. Claudia, Houston, Tx

    Bush era tax cuts for the 1% will be extended while the payroll tax cuts for the Middle Class and working people will end.

    May 29, 2012 09:20 am at 9:20 am |
  6. Wire Palladin, S. F.

    Unless taxes are cut for the upper 1%, worthless republican corporate puppets of big money will oppose them. After all, they made an oath to Grover, and that is bigger than their oath to America.

    May 29, 2012 09:44 am at 9:44 am |
  7. k

    The only difference between a household’s budget and that of government is the number of zeros. Families who live off their credit cards eventually end up broke because they can’t afford the monthly payments. It’s exactly the same for government.
    All the talk of “temporary” this and “temporary” that is bunk. Without public pressure the country will spiral into prolonged deficits, crowd out private investment, permanently increase the size of government and ultimately increase taxes to pay for it all. Over the long term, it’s a form of fiscal child abuse – making those who have no say pay for services they never used.

    May 29, 2012 10:11 am at 10:11 am |