Monday, December 10, 2012

Little interest in renewing payroll-tax holiday

The Washington Times reports:
Democrats want to see tax rates go up on the wealthy; Republicans want to see cuts in entitlement programs. But neither side is trumpeting an extension of the payroll-tax cut, which is also expected to expire at the end of the year — opening the door for the federal government to dig deeper into the pockets of 160 million workers.
As of know, paychecks will be smaller even if the Bush tax rates are extended come January 1.