Plan B Forum

The dominoes are falling as predicted:

______________________
http://www.ft.com/intl/cms/s/0/28d1fd14 ... z2GYkINQLS

" ...
Barack Obama attacked Republicans for their “overriding” priority of protecting the incomes of the wealthy and said he would immediately introduce new legislation to extend middle-class tax breaks if Congress failed to reach agreement in coming days. ... "
______________________

The temporary tax cuts expire, or nearly so, and Barack comes back with a tax break for 98% of filers.

While "Team Romney" flail away.

yrs,
rubato

And the expired payroll taxcut (now a tax increase) will take 2% out of my paycheck every week.
And no cuts to spending. Guess we'll borrow some more.

The payroll tax cut should have been killed last year

The payroll tax cut was always intended as a short term stimulus not a long term policy. (It dangerously underfunded social security). The longer it lasted the more people (like you) see it as a added tax r
rather than what it was.

Anything (by the gov) that takes more money from me for whatever reason, is another tax.
To me
Less money taken from me by the gov means lower taxes.
More money taken from me by the gov means tax increases.

Doesn't matter how it was, only what happens next pay check. In other words, I get hit with a tax increase.