GOP may OK end to payroll tax cut.

[All Along The Watchtower]

If the GOP was willing to raise income and "wealth" taxes (capital gains, dividends, etc.) significantly, that would be one thing.

But they aren't. The GOP's MO is to cut taxes on the upper-class, raise taxes or slash spending on the poor (either way, same effect), and do nothing about the Alternative Minimum Tax, which wipes out tax cuts to the middle class.

[opebo]

For the record, I advocated a payroll tax cut shortly after we hit the dumps. It was better then, than now, after we have shot so much of our wad.

Haven't shot a thing, Torie.  The government can still take over the economy.

[TeePee4Prez]

Teabagger mantra: "Ya knew youse gots da gime 'dem tax ceets to da reech folk.  Dey spend dat muny on us 'po folk if we jest givm da muny.  Da Lord Jebus Chrest make 'dem trickle dat muny down to us I reckon.  Obumma is a Commie Nazi Muslim and ain't white n Christun like us folks."
 
Reality- It's not much different than the above.  Our country actually still wants to support "tax cuts."

[tmthforu94]

I can see their point about a short-term tax cut being much less stimulative than a long term one. The problem is, its also a lot harder to pay for. 

But even a short term payroll tax has far more stimulative value for spuring consumption than even a long term upper income tax cut.

The Republicans really have gotten barefaced haven't they? Their entire policy revolves around two things: Will it do little for those who write our major campaign checks, and is Obama for it? If the answer to both is yes, we oppose it.

Utterly shameless.

This is a rare thing, but I actually agree with you. I am extremely disappointed by how the Republicans are handling this.

[stegosaurus]

What is the goal of reducing the payroll tax? Small scale, tax-based stimulus efforts have proven ineffective and would only further increase the deficit. If we are going to reduce any taxation, lets make it the regressive corporate tax (flat rate with an elimination of deductions, loopholes, and credits) that would put us on a competitive level globally and hopefully bring jobs back to the US. There is no guarantee that it would work, but it sounds more reasonable to me than doling out another low-income tax cut in the hope that enough people purchase t-shirts and Doritos with the savings to create jobs for everybody.