The do nothing Congress has to decide by end of February whether to extend the 2% social security payroll tax cut that was originally designed to last for one year(2011). Can Congress get it together long enough to reach a compromise and extend the cut until the end of the year or will this be the launchpad for GOP and Democrats for the November election? Should this payroll tax cut be extended?
Other issues that are related to this bill are possibly cutting medicare payments to doctors by 27% and extending the unemployment compensation and for how many months. All tax cuts have to be paid for, does anybody think the Congress can get this done in two weeks?
by Quilligrapher 12 years ago
From a CNN report GOP divide over Obama tax plan goes public, November 28, 2012:"A CNN/ORC International poll released Monday also showed that a solid majority of respondents -- two thirds -- supports the Democratic stance that any agreement should include a mix of spending cuts and tax...
by Randy Godwin 6 years ago
Gas prices are soaring as usual under Republican leadership. This will hurt middle and lower classes more than it does those who got the lions' share of the tax cuts. Not only do we have to repay the Chinese for the money we borrowed , we now have to pay higher prices for fuel. I hope those wanted...
by Alexander A. Villarasa 11 years ago
Summer barely got underway a week ago, and already, this summer could become one of the hottest ever, not only literally, but politically as well.Obama is trying to lay low as long as he could, hoping that those pesky scandals would finally go away. After he got the cold shoulder and the...
by Ralph Deeds 16 years ago
by Jason Menayan 14 years ago
Who's to blame?
by Jack Lee 7 years ago
Instead of debating about the merits...here is a simple tax calculator to see how your family fare under the new law.In most cases, your tax burden should be less...In some cases, your tax will rise.Post your own gains and loss here for a sample of people on HubPages.
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