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53% For, 47% Against
43 votes cast
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S. 1917, The Middle Class Tax Cut Act of 2011
- This item is from the 112th Congress (2011-2012) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Version saved on November 29, 2011, 06:55:30, by webmaster:
S. 1917 would create jobs by providing payroll tax relief for middle class families and businesses.
Detailed Summary
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Status of the Legislation
Latest Major Action: 11/28/2011: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Points in Favor
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Points Against
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Costs: $ per
and increases their $ share of the national debt by $.
(source: National Taxpayers Union Foundation)
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Visitor Comments
daffi51
December 5, 2011, 12:05pm (report abuse)If they are going to "cut" the funds going into the SS account then they also need to reduce the funds going out - stop funding everything but the retirement pensions that SS was created to provide.
Since SS is a pay as you go program the funds coming in today are covering the checks going out. Has anyonje stopped to fiogure out if the reduced payroll tax revenue will cover the amount needed for basic SS payments on a monthly basis?
Robert L. Gutierrez
December 5, 2011, 12:09pm (report abuse)The presumed tax cut undermines the solvency of Social Security and adversely impacts benefits for future generations.
L Frazer
December 5, 2011, 6:09pm (report abuse)The payroll FICA tax cut is pure stupidity, does nothing but create larger debt for the American people. It like all the other short-term “relief” measures put forth by the Liberal Democrats, they are nothing but “finger candy” for general public. What the economy needs is a major policy shift to a pro-economic growth posture, some areas to start are; develop our energy resources, revamp the tax code, elimination of fanatically driven Federal Regulations, cut subsidies that don’t make economic sense, reshape Medicare and Social Security to be solvent for the long haul, reduce the size of the Federal Government permanently to 2007 level, set the Federal Budget at 18% of GDP, reduce Corporate tax rates to be competitive with the World community, enforce a balanced Federal Budget & live within it, restructure Foreign Aid, repeal ObamaCare and Dodd-Frank, etc. Make changes for the long term that reflect a long-term good solid business approach to running our Country.
VOTE NO!
December 6, 2011, 2:20pm (report abuse)Just kicking the can down the road. Cut the tax bill now but jack it up in the future. There is no way for the government to pay the bills except through more taxes. And you can bet the social security bills are going to be huge in the future.
VOTE NO!
SWiat
December 7, 2011, 9:21am (report abuse)Social Security is no longer a lock box and is full of OIU's. It is a failed program, let alone being unConstitutional. I prefer to be the master of my own income, and Uncle Sam has robbed me enough!
The national debt needs to be addressed by ending all the entitlements and this is a good start!
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From the Blog
Taking it to the People
Republicans and Democrats loooove to disagree. And they’re doing it again—this time on how to “pay for” a payroll tax cut. They’re agreed on cutting the employee and employer payroll tax to 3.1 percent, half of the 6.2 per...WashingtonWatch.com Digest – December 5, 2011
This is the WashingtonWatch.com email newsletter for the week of December 5, 2011. Subscribe (free!) here. email newsletter | tell a friend | wiki | about | home | log in On the Blog: Taking it to the People When Republicans and Democrats can’t a...