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GOP may OK tax increase that Obama hopes to block
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| Contributor | RP |
| Last Edited | RP Aug 22, 2011 09:46am |
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| Category | Analysis |
| Author | CHARLES BABINGTON |
| News Date | Monday, August 22, 2011 09:05:00 AM UTC0:0 |
| Description | News flash: Congressional Republicans want to raise your taxes.
Impossible, right? GOP lawmakers are so virulently anti-tax, surely they will fight to prevent a payroll tax increase on virtually every wage-earner starting Jan. 1, right?
Apparently not.
Many of the same Republicans who fought hammer-and-tong to keep the George W. Bush-era income tax cuts from expiring on schedule are now saying a different "temporary" tax cut should end as planned. By their own definition, that amounts to a tax increase.
The great majority of Americans make less than $106,800 a year. Millions of workers pay more in payroll taxes than in federal income taxes. |
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