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Response to geek tragedy (Original post)

Thu Nov 15, 2012, 05:43 PM

5. Extending the "temporary " "Payroll Tax" Holiday is a bad, BAD idea.

The "Payroll Tax Holiday" was a Bad idea for a number of reasons:

#1) The framing is Republican Speak.
This isn't the "Payroll Tax" to Democrats.
Democrats call this by its proper name, "Federal Insurance Contributions",
or "Federal Insurance Deductions".

FICA = Federal Insurance Contributions Act , and it IS the independent funding mechanism for Social Security and Medicare.
It is NOT a "tax" per se because YOU get this money back.

Just like the "Inheritance Tax" was successfully re-framed by the Republicans to the "Death tax",
so to they have worked their re framing magic to distort what this really is,
and Democrats have followed blindly along.
I CRINGE every time I head a supposed Democrat call this the "Payroll Tax", and say to myself, "No wonder we lose".

#2) FICA contributions ARE the funding mechanism for Social Security.
For the first time since the creation odf the most successful social program EVER,
and the cornerstone of the modern Democratic Party,'Social Security is NOW directly connected to The Deficit.

The Payroll Tax "Holiday" directly connects Social Security Funding to The Deficit.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1538388

No longer can Democrats honestly claim the Social Security does NOT contribute to The Deficit,
because thanks to the Payroll tax Holiday, NOW it does!
We WILL regret connecting Social Security to The Deficit.
The creators of Social security established a completely independent funding mechanism
For a Good Reason.

We NEED to dump this BAD IDEA Tax Holiday ASAP.
There are better ways to fund a stimulus than connecting Social Security to The Deficit.





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Arrow 20 replies Author Time Post
geek tragedy Nov 2012 OP
BlueStreak Nov 2012 #1
ProudProgressiveNow Nov 2012 #12
Myrina Nov 2012 #2
Bandit Nov 2012 #8
greymattermom Nov 2012 #3
DJ13 Nov 2012 #4
LineReply Extending the "temporary " "Payroll Tax" Holiday is a bad, BAD idea.
bvar22 Nov 2012 #5
plethoro Nov 2012 #10
ProgressiveEconomist Nov 2012 #17
bvar22 Nov 2012 #18
plethoro Nov 2012 #6
mac56 Nov 2012 #7
plethoro Nov 2012 #9
mac56 Nov 2012 #11
plethoro Nov 2012 #13
bvar22 Nov 2012 #14
plethoro Nov 2012 #15
DallasNE Nov 2012 #16
ProgressiveEconomist Nov 2012 #19
DallasNE Nov 2012 #20
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