* FIX IT (Make it competitve).
* FLATTEN IT ( Make it simple and understandable ).
* FORGET IT ( Make it permanent ).
All these tinkering around the edges ( 2 years, 3 years, temporary, etc ) will only make it DIFFICULT TO PLAN ahead for businesses and cause more UNCERTAINTY.
No one will think of hiring with uncertainty.
Also, a word about that other term being used TARGETTED.
That word is code for CRONY CAPITALISM, FAVORITISM and PORK BARREL SPENDING.
No matter how smart you think you are, you simply CANNOT KNOW which sector of the economy will be competitive to meet demand. LET THE MARKETS DECIDE AND STAY OUT !
Well the $60 out of my paycheck every 2 weeks sure as crap hurts me! Giving my money so illegals and bums can live for free. I feel great
It did more than nothing. On the government side it might have done nothing. But there are a whole lot of Low Information voters who just found out Obama lied to them and raise their taxes when their checks shrank.
Repeal the 16th amendment. Then institute 10% trade tariffs and a NRST of 5%. Watch the economy skyrocket. They only income tax would be the payroll tax for social insecurity an mediscare.
It may have had no positive impact on the economy, the expiration most definitely IS impacting the economy... It is perceived as a tax increase and has the same impact as a tax increase.
How about replacing the payroll tax with a 1% national sales tax to fund SS and Medicare.
The only thing the payroll tax holiday did was add to government insane spending & borrowing. That tax is supposed to help fund Social Security (another out of control federal program) and without the tax, our government just goes deeper into the hole.
The tax holiday didn’t help our sick economy or lack of jobs problem. Short term gimmick fixes are just distractions politicians use to fool us.
Mmmmmmmmm, Nothingburgersssss, arrrrggggaaaa ...
Homer J. Simpson