Payroll tax cut: Divide over how to pay for it
December 12th, 2011
02:58 PM ET
11 years ago

Payroll tax cut: Divide over how to pay for it

New York (CNNMoney) - Democrats and Republicans both support extending the payroll tax cut for workers, and they both agree that the cost of the extension should be offset through changes elsewhere in the budget.

They even agree on a couple of ways to pay for the extension, such as increasing a fee that mortgage financing giants Fannie Mae and Freddie Mac would charge mortgage lenders.


Filed under: Congress • Democrats • Republicans • Taxes
soundoff (30 Responses)
  1. Democrats answer to everything, TAX THE RICH, TAX BUSINESS

    Thanks for proving you have no clue what socialism is
    Then by all means, educate us all Mr. I-Know-What-Socialism-Is!!! I see it in Greece and all over Europe and it's all a bankrupt FAILURE that Obama wants to replicate here. In 2012, he will hear the answer of the American people.

    December 12, 2011 04:46 pm at 4:46 pm |
  2. The Real Tom Paine

    Democrats answer to everything, TAX THE RICH, TAX BUSINESS: what class warfare BS are you referring to? Could it be the class warefare the GOP has been practicing by forcing the middle class to pay for everything, including the tx cuts for the wealthy that have a very mizxed record on job creation, bu has certainly made it easy for the exodus of wealth and debt heading out of our country to turn into a flood? Hate to tell this to you, but your side ahs made the rich wealthy at the expense of the middle class, and every statistic from every reputable agnecy and/ or economist bears this out. Do you have anything to offer besides the standard FOX talking points about unions being the bogeyman, or will you go eat your supper before it gets cold?

    December 12, 2011 04:46 pm at 4:46 pm |
  3. Marie MD

    Once again the teapublikans show that they are all for the rich guy. They want to cut government jobs? PLEASE START WITH YOUR OWN USELESS JOBS. After you get rid of half the congress you will see how much better this country will be without any of you. All that time you waste on vacation . . . . why not give up your pay and take the time off for free. After all, you are all on the way (or already there) to being millionaires. The rest of us who don't make $174,000 a year don't become millionaires like you do. You stealing money and/or tips? Yep, I thought so
    You want to cut firemen and police jobs? If any of you are ever in trouble don't bother calling 911. Who really cares! I know, really and truly, I don't give a rat's behind about any of you.
    You want to help save the country? Tax your rich friends, including those "people" corporations. Leave those of us who have nothing else to give the heck alone!!!

    December 12, 2011 04:48 pm at 4:48 pm |
  4. The Real Tom Paine

    Why not tax the rich and Tax business? I support them with tax cuts, but my costs keep going up. Why not get both sides of the balance sheet operating in unison for once? Its not class warfare if everyone is pitching in, but the standard GOP argument is that the wealthy should be immune, like they are a more virtuous human being than someone who got their job outsourced to Mexico or India.

    December 12, 2011 04:49 pm at 4:49 pm |
  5. Democrats answer to everything, TAX THE RICH, TAX BUSINESS

    Actually, they had to be temporary for procedural reasons since the GOP used Reconciliation to "jam them down our throats"...TWICE.
    Are you referring to the Democrat controlled Senate and House that passed the Obama tax cuts for all working Americans that actually pay federal income taxes???? Or as I refer to them, the Obama Tax Cuts for the Rich, that he says aren't paying their fair share, but that he gave tax reductions to? He signed it into law, he owes it....

    December 12, 2011 04:51 pm at 4:51 pm |
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