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2 Month Payroll Tax Holiday Passed By Senate... President, Can`t Be Implemented Properly, Experts
http://abcnews.go.com/ ^ | December 19 2011 | Jake Tapper

Posted on 12/22/2011 4:08:12 PM PST by Para-Ord.45

Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly.

Pete Isberg, president of the NPRC today wrote to the key leaders of the relevant committees of the House and Senate, telling them that “insufficient lead time” to implement the complicated change mandated by the legislation means the two-month payroll tax holiday “could create substantial problems, confusion and costs affecting a significant percentage of U.S. employers and employees.”

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events
KEYWORDS: boehner; fanniemae; freddiemac; mortgagefee; payrolltax; spendingbill; xmasspendingbill
Ha-haa Jokes on you.

Obama not only screwed you out over a one year tax break, you screwed you totally , 100% , and John Boehner caved in completely and complicitly in the charade

1 posted on 12/22/2011 4:08:15 PM PST by Para-Ord.45
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To: Para-Ord.45
Obama is Reid's Poodle.

This extension is a joke.

2 posted on 12/22/2011 4:10:21 PM PST by Chgogal (WSJ, Kristol, Krauthammer, Rove et. al., STFU. Thank you.)
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To: Para-Ord.45

Gee whiz. I’ll be the first to say it. It’s a feature, not a bug.


3 posted on 12/22/2011 4:11:51 PM PST by No One Special
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To: Para-Ord.45

Democrats fervently support tax cuts that can’t be implemented. Perhaps someone should explain this to the WSJ Editorial page.


4 posted on 12/22/2011 4:16:57 PM PST by vbmoneyspender
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To: Para-Ord.45

Right. Of course it can’t be implemented, you dopes in the House! But you should have passed it, claimed the high ground on tax relief, and then come back in 2 weeks and fight like hell for the 1 year deal. Instead you screwed it up - AGAIN. Just like the last time you pantywaists decided to show Obama who’s boss.

Keep it up and you’re going to turn the gavel right back over to Nancy Pelosi, and then you will have something to cry about, Boehner!


5 posted on 12/22/2011 4:24:12 PM PST by bigbob
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To: Para-Ord.45

Mele Kalikimaka Suckers!!! That goes to you GOOBers in the House too!!! Don’t spend all of that 40 bucks I just saved you. Keep it in your pocket. You’re going to need it for your electrical bills next year - Barry O


6 posted on 12/22/2011 4:26:38 PM PST by FlingWingFlyer (Stop BIG Government Greed Now!!!!)
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To: FlingWingFlyer

What the hell is this country coming to?
Media telling lies through their teeth, don’t tell us that the payroll ‘savings’ will be paid for by people getting mortgages or refinancing...

We are so screwed.


7 posted on 12/22/2011 4:31:57 PM PST by GRRRRR (He'll NEVER be my President, FUBO! Treason is the Reason! Impeach the Kenyan)
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To: Para-Ord.45

2 Month Payroll Tax Holiday Passed By Senate... President, Can`t Be Implemented Properly, Experts
_______________________________________________________

Thats not exactly true, the four week congressional vacation will happen like clockwork.


8 posted on 12/22/2011 4:34:58 PM PST by JohnD9207 (John McCain is a proud Ted Kennedy conservative!)
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To: Para-Ord.45

btw, Boehner has a history of caving, but this time it was partly because of the Wall Street Journal. Did any of us vote for the WSJ?


9 posted on 12/22/2011 4:36:07 PM PST by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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To: GRRRRR

The people, I won’t call them Americans, living in this country aren’t very bright. They think they are because the state run “media” always tells them that they are but they are living proof that the ‘RATS’ “dumbing down of America” program worked.


10 posted on 12/22/2011 4:39:06 PM PST by FlingWingFlyer (Stop BIG Government Greed Now!!!!)
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To: Sun
btw, Boehner has a history of caving, but this time it was partly because of the Wall Street Journal. Did any of us vote for the WSJ?

No, and none of us voted for the Crybaby either who is a Democrat plant, voted in by Democrats because he is much more effective passing Democrat programs as a Republican then he ever could be as a Democrat. Boner is an enemy of all conservative Americans, no less than Reid or Pelosi.

11 posted on 12/22/2011 4:46:40 PM PST by Prokopton
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To: Prokopton

I think a Speaker Bachmann would be good. She’s more than tough enough.


12 posted on 12/22/2011 4:54:18 PM PST by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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To: Para-Ord.45

It doesn’t matter if it can be handled properly or not.

It’s all poliical BS anyway and Boehner caved.


13 posted on 12/22/2011 5:00:02 PM PST by Venturer
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To: Para-Ord.45
Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly.

Actually, I see a way to do this that doesn't affect businesses at all -- they can run all their existing software and payment systems without change. It's simple: every pay period, the United States Government takes each employee's FICA contribution and rebates the 2 percent reduction directly to the employee. To reduce the cost, the rebate can be paid via direct deposit, instead of paper checks and postage. (Sorry Post Office, you don't get a windfall.)

Then it's up to government to figure out how to implement the change, not all the businesses. One group, instead of hundreds of thousands.

There, problem solved.

14 posted on 12/22/2011 5:07:57 PM PST by asinclair (Think outside of the box)
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To: Para-Ord.45

I thought this was not a tax cut but an extension. Their pay check for January and February will be the same or did I miss something. Then King Obama will extend the extension for another 10 months during the next year to use as a vote getting scheme. And it will work because millions of Americans are blind to their lost of their Country to communists.


15 posted on 12/22/2011 5:10:36 PM PST by Logical me
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To: asinclair
Actually, I see a way to do this that doesn't affect businesses at all

I don't think you understand how this works.

There are two things at play here. One, there was a hidden tax increase on new homeowners and folks refinancing their homes. This was a distraction to take your attention away from the treachery endorsed by the GOP-E.

Second, they know full well that this will introduce chaos into the system. With chaos comes errors, and with tax errors there comes IRS audits and persecution prosecution and massive fines and penalties.

The entire Demoncat Pary and the GOP-E hate America with a passion that exceeds that of even the evil Soviet Empire Kremlin.

16 posted on 12/22/2011 5:13:41 PM PST by The Theophilus (Obama's Key to win 2012: Ban Haloperidol)
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To: Para-Ord.45
Unless you're lucky enough to live in Connecticut. We have Income Tax Rates that will go RETROACTIVE to January 1, 2011.

Suicide rates among accountants in CT, go off the charts!

17 posted on 12/22/2011 5:20:52 PM PST by Daffynition (*Pray for whatever passes for America these days* Amen. ~ ScottinVA)
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To: Para-Ord.45

I wonder if the OWS will talk about the greed of the 99% who just had to have the $20 - $200 a month to spend at the cost of a couple hundred billion dollars for the SS fund. I wonder if the WSJ will be demonizing the 99% for the SS fund shortage in a couple years. This whole fiasco will not create a single job but will buy a lot of sheeple votes.


18 posted on 12/22/2011 5:47:13 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: Sun

Coming full circle. My vote will be for her. She’s got more balls than the current Speaker..and any of the current Republican consortium. I want this ship turned around. And she’s an angry mom, just like me.

I have had it with the rest of these posturing wimps.


19 posted on 12/22/2011 6:26:18 PM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: FlingWingFlyer
The people, I won’t call them Americans, living in this country aren’t very bright. They think they are because the state run “media” always tells them that they are but they are living proof that the ‘RATS’ “dumbing down of America” program worked.

You betcha. We are not on that road but the road has been completely traveled. Plan accordingly. That sure might be leaving this Banana Republic.

20 posted on 12/22/2011 6:29:16 PM PST by Digger (If RINO is your selection then failure is your election)
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To: Para-Ord.45
Well, if this doesn't finally prove that those congress-critters and PRESBO don't know the first thing about business, finance, economics, or taxes, nothing will.

It's frightening that these bozos control the financial future of everyone in the country. They just have no concept that what they do has consequences on the rest of us. And it's pretty obvious that when those consequences are pointed out, they just don't give a damn, as long as they get theirs.

Mark

21 posted on 12/22/2011 9:06:19 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: SueRae

“I have had it with the rest of these posturing wimps.”

The vast majority are wimps. Sad.


22 posted on 12/22/2011 9:06:30 PM PST by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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