Quote:
WASHINGTON -- News flash: Congressional Republicans want to raise your taxes. Impossible, right? GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right?
Apparently not.
Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different "temporary" tax cut should end as planned. By their own definition, that amounts to a tax increase.
The tax break extension they oppose is sought by President Barack Obama. Unlike proposed changes in the income tax, this policy helps the 46 percent of all Americans who owe no federal income taxes but who pay a "payroll tax" on practically every dime they earn.
Read more:
http://www.sacbee.com/2011/08/21/385153 ... z1Vhx5AcOFThe Republican assault on the working poor continues.
BTW, I used to think it was cool that the last month or so of the year I got a sudden jump in pay because I'd paid the maximum. Now I think the income limit should be raised.
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