What? I thought republicans wanted to lower your tax burden, but now, LOL!, now they don't want Obama to lower your payroll taxes because they want to lower thr rich's taxes more. How Sweet it is!!! LMAO!!
"Normally, workers pay 6.2 percent of their income into a Social Security fund, with employers paying a matching 6.2 percent.
But this year, workers' share has been cut a full 2 percentage points. That means an extra $1,000 in the pocket of a taxpayer who is earning $50,000 this year, up to a total savings of $2,136 for those who make $106,800 or more -- the threshold beyond which earnings are not taxed for Social Security.
The president wants that tax cut extended by another year,....."
"Some congressional Republicans, meanwhile, are vowing to oppose another temporary payroll tax cut, even as they pursue other tax cuts that would affect far fewer -- and far wealthier -- Americans."
"Their calculation: that voters will see Republican tax-cutting efforts as giveaways to special interests, while Democrats fight against them for tax cuts that would actually put dollars in the pockets of families."
'World News' Political Insights: President Obama Picks Tax Fight With GOP - ABC News