I think this is pretty damned dumb.

[ivanm]

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Reid set to offer compromise to extend tax cut






By Reuters

Senate Majority Leader Harry Reid will offer a compromise on Monday to extend a popular payroll tax cut, a fellow Democrat said on Sunday.

Appearing on the "Fox News Sunday" program, Senator Kent Conrad said Reid's proposal would cover the cost of extending the tax cut, set to expire at the end of this month, but he left it up to Reid to provide details on Monday.

The Democratic-controlled Senate last week defeated competing payroll tax cut extension plans by Democrats and Republicans, showing the need for the two sides to find common ground.

Conrad, a Democrat and chairman of the Senate Budget Committee, said Reid called him on Saturday and said he would offer on Monday "a compromise plan to extend the payroll tax.

Conrad said Reid's plan will be a "serious attempt to move this ball forward because we should not have a tax increase on the middle income. That just makes no sense in this economy."

In a pair of Senate votes last Thursday, Republicans and Democrats said no to each other's plans.

Republicans objected to Democratic calls to slap a new tax on those making more than $1 million to cover the projected $110 billion cost of extending the payroll tax cut.

And Democrats rejected the Republican ...

http://nbcpolitics.msnbc.msn.com/_news/2011/12/04/9204033-reid-set-to-offer-compromise-to-extend-tax-cut
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The middle  class comprises a very wide range of incomes and is the primary beneficiary of Soc. Sec. and Medicare, so how is the tax working a burden on them?
It is like an annuity in that you save now and enjoy the savings later in life when you are no longer working full time. From what I have seen these two contributions are the only means of saving for the retirement years that a lot of foolish people have.
 
I think the pols are simply wanting to buy votes, and are pulling the rug out of a lot of naive people who trust that those bennies will take care of them in the future.

Sticking it to the rich isn't the answer either, because those people can do quite well without either program.  Oh well, if Democrats had any brains then they wouldn't be  Democrats.

[IM2]

A .3 percentage increasei n taxes is not sticking it to anyone. Maybe you need to know what you are talking about before you post.

[dagon]

Sticking it to the rich isn't the answer either, because those people can do quite well without either program.  Oh well, if Democrats had any brains then they wouldn't be  Democrats.

why did reagan do it?  3 times?  you should check out what bruce bartlett has to say on the matter.

peace

[Observer]

Members of Congress need to get it through their thick skulls that a tax cut does not "cost" the government anything.

I really get tired of hearing it expressed that way.

[ivanm]

A .3 percentage increasei n taxes is not sticking it to anyone. Maybe you need to know what you are talking about before you post.

If that is the case then let's put the tax on everyone.  How's that grab your sense of fairness?

[IM2]

ivan,

I don't know what country you have lived in over the past decade, but the very rich have made out like bandits, while the poor have been paying for their excess. So its maybe time to shift that around because givng the rich all they wanted resulted in the recession we are still fighitng out of. However when the very rich paid the exact same rate that is being proposed now under Clinton, the entire nation prospered.

So its time for the rich to pay their fair share. It's a share they haven't been paying.

[johnhp]

If that is the case then let's put the tax on everyone.  How's that grab your sense of fairness?

Why would you raise taxes on people whose incomes have been flat for 4 decades?

[dustup]

Why would you raise taxes on people whose incomes have been flat for 4 decades?

Why would government raise taxes on anyone when they can't control their own spending in the first place.........it doesn't take a brain surgeon to make real spending cuts and produce a formidable budget......

[johnhp]

Why would government raise taxes on anyone when they can't control their own spending in the first place.........it doesn't take a brain surgeon to make real spending cuts and produce a formidable budget......

"They" is us.  If you have a problem then vote.

[IM2]

Why does government cut taxes and spend trillions on needless wars? That is what caused the problem in the first place.

[dustup]

Why does government cut taxes and spend trillions on needless wars? That is what caused the problem in the first place.

that's easy to answer......Obama is a puppet of the PTB....just like his cousin Bush....

[johnhp]

Black Sabbath Paranoid	Small | Large

[IM2]

that's easy to answer......Obama is a puppet of the PTB....just like his cousin Bush....

I guess thats why the troops are coming home from Iraq.

I keep on saying this; Amnesia is not allowed. Obama inherited 2 wars that Bush started.

[Case_Closed]

I guess thats why the troops are coming home from Iraq.

Why now?

In an election year?

You see, if I was a Democrat, I would have stopped all wars in the ME the day "we" took over both houses.  You know.  FOUR YEARS AGO!!!!!!!!!

*Case Closed*

[IM2]

Why now?

In an election year?

You see, if I was a Democrat, I would have stopped all wars in the ME the day "we" took over both houses.  You know.  FOUR YEARS AGO!!!!!!!!!

*Case Closed*

What you say on this matter really doesn't mean anything because your side made the mistake and you have no room to criticize anyone who is trying to fix your mistake.

CASE CLOSED!