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Response to WCGreen (Original post)

Tue Jan 1, 2013, 01:24 PM

7. The Bush tax cuts were never meant to be permanent either.

Yet, if the Senate bill ends up passing the House and being signed into law by the president, almost all of the Bush tax cuts will be made permanent.

We could have kept the lower tax and offset the reduced revenue by increasing the FICA limit (or a similar sort of deal). Instead, almost every low and middle class tax payer will now see their taxes increase this year when compared to last due to the payroll tax cut being one of the few tax cuts not altered/extended.

It would be one thing if, as part of this deal, there was an agreement not to touch Social Security -- but there wasn't. So, we are going back to fully funding Social Security with no guarantee that Social Security benefits still won't be cut in the future, say, in two months when we have to address spending cuts and the debt ceiling.

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WCGreen Jan 2013 OP
kelliekat44 Jan 2013 #1
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AZ Progressive Jan 2013 #44
enlightenment Jan 2013 #5
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TheProgressive Jan 2013 #6
LineReply The Bush tax cuts were never meant to be permanent either.
W_HAMILTON Jan 2013 #7
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WCGreen Jan 2013 #17
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