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To: NonValueAdded
Of course he cut back on that extension. He wants the low-wage earner to feel some immediate "cliff" pain to increase the pressure on Congress.

That may well be but it was a stupid move to cut that particular tax in the first place. It was never going to spur any economic growth [and it didn't], but it did put Social Security into an even worse situation.

12 posted on 01/01/2013 8:03:35 AM PST by BfloGuy (Workers and consumers are, of course, identical.)
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To: BfloGuy

They claimed it wouldn’t reduce the calculation for benefits, but I don’t believe them.


13 posted on 01/01/2013 8:07:50 AM PST by Rusty0604
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To: BfloGuy

Agreed. If shortchanging SocSec “trust” fund was to be stimulating, it would have made more sense to drop the 2% from the employer side. But it was done to replace the Making Work Pay credit using budget tricks, since I am sure messing with SocSec didn’t count.


14 posted on 01/01/2013 8:34:12 AM PST by NonValueAdded (If you can keep your head when all about you are losing theirs, you've likely misread the situation.)
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