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Home Front: Politix
Schumer: Democrats will pay for payroll tax-cut with millionaire's tax
2011-11-28
[The Hill] Democrats in the Senate will push a plan this week to extend an expiring payroll tax cut, making up the lost revenue by imposing a surtax on Americans earning more than one million dollar, Sen. Chuck Schumer
Senator-for-life from New York, renowned for his love of standing in front of cameras. Schumer has been a professional politician since 1975, when disco was in flower.
said on Sunday.

"The first thing we're going to do when we get back this week is put the payroll tax holiday on the floor in the Senate," said Schumer (N.Y.), the number three Democrat in the Senate on NBC's Meet the Press.

Republicans have expressed a willingness to extend the tax cut put in place under President B.O., but want other parts of the budget cut to offset the cost -- not a new tax imposed on the people they argue create the most jobs.

But forcing Republicans to vote against lower taxes for middle-class Americans in order to protect the tax rates for wealthier Americans allows Democrats to draw a clear line in the sand that they believe they can use to frame the argument against Republicans in 2012.

"If it doesn't pass once, we're going to put it on the floor again and again," Schumer said.
Posted by:Fred

#5  By rough count I'd say we've spent that hypothetical surtax on at least twenty different things.
Posted by: Matt   2011-11-28 16:23  

#4  Of course, the additional funds collected from the millionaires will go into the general fund, not into the Social Security quote lockbox unquote.

"pay for". English is such a flexible language.

SS is in trouble - so what do they do, they decrease the revenues. Idiots.

And the average Joe will hardly notice the change in his take-home, so it's not much of a stimulus. Just the usual pander for votes. The people paying SS are the ones with jobs, by the way, not the ones who can't make ends meet because no one will hire them.
Posted by: KBK   2011-11-28 14:52  

#3  "millionaire" tax = small to medium business tax. Won't bother the really big guys with their accountants and tax shelters, not one bit. But it will screw the people who create real jobs for working class.
Posted by: OldSpook   2011-11-28 11:48  

#2  You are such infantile little rubes. And what the HELL is wrong with New York? Electing this pathetic dung assed creature to represent you to GOD and the World? Sad.
Posted by: newc   2011-11-28 07:46  

#1  Anything but cut government. Anything.
Posted by: gorb   2011-11-28 01:44  

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