ANY LIB, in good standing, should understand this in a few words.
Bush etal authorized a tax break which expired.
SO when the tax break gets put back in, it is NOT a tax, it is just making things the way they were..
Now that BO gets ‘stuck’ with having to actually order it rescinded, it is Bush’s fault cause he gave it to begin with.
SO, This NEW TAX increase that isn’t a TAX increase, is W’s fault.
Bottom line your check gonna be smaller AND if your hours are lowered as your employer doesn’t want to pay all the ‘extras’ for Govt Programs etc, some how, some way, W will get blamed again.
Nope. Hussein did this one all on his own. And RATS are upset.
On the other hand, when the Bush tax cuts went into effect 10 years ago, it was called a tax break for the wealthy. When they were set to expire, they suddenly became a tax increase on the middle class.
BO, and BO alone, gave them the 2% temporary payroll tax reduction.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 was signed into law on December 17, 2010.
It cut the employee portion of the ss tax from 6.2% to 4.2%.