Tag Archives: payroll taxes

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A Payroll Tax Cut Is a Terrible Idea Without Social Security and Medicare Reform

A Payroll Tax Cut Is a Terrible Idea Without Social Security and Medicare Reform

The Trump administration is kicking around the idea of a payroll tax cut, though it’s hard to know how seriously the idea is on the scale of building a border wall to buying Greenland. “Yeah, we’re looking at various tax reductions. But I’m looking at that all the time, anyway,” President Trump told reporters earlier

Social Security May Not Make It Another Four Years

The problem with the long-term solvency of Social Security and Medicare is that the problems have always been long-term problems. It’s always been easier for Democrats to pander to short-term objections to tax hikes/benefits cuts, and for Republicans to pay nothing more than lip service to fixes, because the day of reckoning was always in

Americans Still Upset About Smaller Paychecks Post "Fiscal Cliff"

It’s unfair that a “greedy” Congress take more out of paychecks, according to outraged Americans. Gabriella Hoffman’s paycheck is a little lighter today, thanks to a payroll tax increase that is forcing millions of Americans to make the kind of tough budget cuts their representatives in Washington lawmakers seem unwilling to tackle. Hoffman, a 21-year-old

Americans May Be Getting An Idea For What Social Security Really Costs Them

“For the first time in two decades, we raised taxes on the wealthiest 2% of Americans in a bipartisan way, while preventing a middle-class tax hike that could have thrown our economy back into recession,” President Obama said in his weekly address yesterday. “Under this law, more than 98% of Americans and 97% of small

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