The payroll tax cut needs to end

Do you want to know what lives longer than a vampire?” … “What?” … “A one-year tax cut.” OK, I know it’s not great humor, but at least it’s wry humor. How can one not at least chuckle at the sight of D.C. pols of both parties arguing over how to pay for the extension of the “one-year” payroll tax cut that generates about $20 a week for most of us.

The debate is all skewed; we need to get rid of the payroll tax cut. Memo to pols: If you want to get Americans to save $20 a week, have them cut down on fast food. If we’re not serious about ending a one-year-tax cut, we’ll never get entitlement spending under control. By the way, when did fiscal conservatism end?

I see the payroll tax cut comedy as one scene in a feckless farce that will end with a value added tax of 30 to 40 percent that will pay for the great brave new welfare state that we’re all heading toward. It’s not very funny when comedies turn into tragedies. For more of the farce, read.

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5 Responses to The payroll tax cut needs to end

  1. midwinter says:

    “By the way, when did fiscal conservatism end?”

    When did it ever exist in the first place? I mean, I understand that for 40 years the GOP has been saying that it’s the party of fiscal discipline, but I’ve never actually seen them actually be fiscally disciplined it in my lifetime.

  2. D. Michael Martindale says:

    How about ending payroll taxes intead?

  3. Ben Pales says:

    Doug what happened to we have a spending problem, not a revenue problem?

  4. Owain says:

    Cutting the payroll taxes is revenue problem AND a spending problem because payroll taxes are used to fund social security and medicare. If payroll taxes are cut without offsetting spending cuts, it will accelerate the inevitable failure of the social security/medicare programs.

    Is that really want we want in this country?

    The objection that conservatives have to cutting the payroll taxes is that you don’t reform programs like social security and medicare by cutting their source of funding. The reason Democrats are pushing this is to create an artificial crisis down the road when ‘we must raise taxes drastically in order to save social security and medicare’.

    If the Democrats want to save social security and medicare, I suggest that they DON’T cut the funding mechanism for those programs now.

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