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View Diary: Senate Fiscal Cliff Deal Would Immediately Raise Payroll Taxes By 2% On Middle Class, Poor (76 comments)

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  •  If we want SS benefits, we have to pay for them. (9+ / 0-)

    If we don't pay for them, they won't be there when we need them.

    Insurance works like that.

    There is no better return-on-the dollar old age insurance any poor or middle class American can buy into.

    The vast majority of us have no problem paying it, at least once we understand that by so doing we're keeping half our seniors out of poverty.

    "Furthermore, if you think this would be the very very last cut ever if we let it happen, you are a very confused little rabbit." cai

    by JesseCW on Tue Jan 01, 2013 at 08:18:19 AM PST

    [ Parent ]

    •  Now is not the time to re-impose the full... (2+ / 0-)
      Recommended by:
      gooderservice, ozsea1

      ...Payroll Tax. Sure, IMHO, it should be reinstated when those in the bottom four quintiles of our society are back on their feet....but, contrary to popular spin, that time has NOT yet arrived.

      QE3.5 was just introduced to juice the markets and fund the banks' and Wall Street's free pass to make money on housing speculation.

      So, it would follow that the last thing we should be doing right now is cutting 2% from the paychecks of those least able to absorb that type of jolt.

      "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

      by bobswern on Tue Jan 01, 2013 at 09:01:56 AM PST

      [ Parent ]

      •  Many of these people will never get "on their (0+ / 0-)

        feet" again without much more radical change than the expiration of the payroll tax holiday.  Maybe most.

        We're entering an era where there aren't enough jobs to support people, imo.  Robots are taking over in many many areas and we're not really needed by the corporate machine, except as consumers.  

        This was a good deal.  If one looks at the whole thing, that is, and it was a particularly good deal for poor people.  There's a lot more on that list than just the $400,000 tax rate raise and the end of the payroll tax holiday.

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