Monday, August 29, 2011

The PTR strikes again

M.E. sent the following.

"I was listening to NPR with half an ear a few days ago and I heard a report of a Texas Republican congressman who was a signatory to the pledge not to increase taxes. Unfortunately, I didn’t pay enough attention to catch his name.

Anyway, he expressed the view that allowing the Bush tax cuts to expire was a tax increase and therefore he was against it. However, allowing the 2% reduction of SS taxes to lapse was not a tax increase so he would support it.

Party for The Rich for absolute sure!"

1 comment:

  1. Makes sense to me. I'm also in favor of reducing the payroll tax, although I wish it would be permanent. As currently structured, the payroll tax is very regressive. Cutting it benefits everybody, not just the "rich". And also make the cut benefit corporations as well as individuals. Get rid of a bunch of tax deductions and the revenue impact won't be that bad. It's too bad the President didn't listen to his Bowles-Simpson recommendations.