Freeze warning in Hell: I agree with Obama!
But not for the reason he might think. This one is a little down in the weeds, but fortunately smarter people than I have detangled it nicely.
Jug-Ears wants to extend the 2% payroll tax decrease beyond it’s year end expiration date. The 2% decrease is on the employee’s contribution to Social Security, which, as has been explored nicely around here lately, it really just another form of income tax. Some of our ‘leaders’ want to fight the Prez on this because it runs up the debt. I say let it.
Best explored by John Hinderaker over @ Powerline, letting this cut go on shows the disaster that is Social Security and actually either hastens it’s demise, or accelerates the need to make some much needed reforms to it. Either way, we win. Also, what Constitutional Conservative in his right mind can be against lower taxes? Eh?
As Hinderaker and others explain, this is a simple two-fer for our side: lower taxes on the ‘working class’ and a dagger to the heart of Social Security in it’s present state, what’s not to like? As an added bonus, the Enemy© is already shrieking how we want to ‘raise taxes’ by letting this expire. Sound familiar? Uh, didn’t we say the same thing when the Bush Tax Cuts were about to expire? Letting that happen would be a tax increase, no? So, let’s agree with the Enemy© this once, knowing we can pull this one out later when the Bush Tax Cuts come up again for eternal renewal.
Going along with this is a no-brainer and a major good for our side, along with the potential of being a devastating long term hurt on the Enemy©.