Tag Archives: payroll taxes

America held hostage by Deficit Ducks

The Deficit Ducks (otherwise known as Economic Quacks) are holding the US economy hostage until we follow Europe into a new recession, at which point they will say we just need to bleed the patient more and more to promote … Continue reading

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Our long national nightmare is over.

We have finished the long election, now it is time to start the 2016 election. For 2016 we know 2 things: Obama will not be running. The debate will be over whether to raise taxes or not. Pundits were upset … Continue reading

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Mitt Romney’s 2011 Tax Returns

Two conclusions on Romney’s taxes. His rate is 13% only because of the Alternative Minimum Tax, which is about a third of his total tax bill. Since he includes payroll taxes (Social Security, Medicare) on his tax return, he ends … Continue reading

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Boehner Blinks

Speaker Boehner blinked. He now agrees to go the Senate route — delay the negotiations for 2 months on a full year solution. While this may help, it does not bring us any closer to a solution acceptable to a … Continue reading

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Payroll Taxes, the Economy and the Reaction

The House decided not to act and extend the Payroll Tax holiday, preferring to hide behind the fiction that there was any thing left to negotiate for a full year extension that had not already been rejected. Boehner has operated … Continue reading

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Payroll Tax Holiday Extension, Does it Matter?

The extended debate over the payroll tax holiday and the attempts to tie it to various other policies (some partly related, some totally unrelated) fail to ask the question of whether it will be that important to the economy. The … Continue reading

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Payroll tax holiday extension, continued

The Democrats propose taxes on the wealthy to balance the cuts, the Republicans oppose that because there is nothing worse for them than taxes on the wealthy. The Republicans sort of propose various cuts (sort of since they do not … Continue reading

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The Republican War on Workers

Republican leaders like to whine about class war when Democrats make proposals that the do not like. At the same time the Republican leadership is engaged in a total war on workers. This is the party that cries about taking … Continue reading

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More on Payroll Tax Holiday Extension

There are 31 more days for the Payroll Tax holiday so it is time for the usual Washington dance around the deadline. Since Congress has mostly been unable to pass much of anything this year without an approaching deadline, at … Continue reading

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Payroll Tax Holiday extension is mostly irrelevant

Without the benefit of a major polling organization I can only speculate, but from my experience in how people reacted to the introduction of the payroll tax cut (Social Security tax cut to be more precise) I don’t think anyone … Continue reading

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