Tax cuts should be permanent

posted by
December 25, 2011
Downsize DC
by James Wilson  
Posted in Commentary

"Last year, Congress cut the payroll tax from 6.2% to 4.2% for 2011. Many in Congress want this extended for another year. As of Thursday night, it appeared that House Speaker John Boehner agreed to a two-month extension to buy time to negotiate a 'deal' to extend it through the rest of 2012. We agree that the payroll tax rate shouldn't be raised, but we object to this process." (12/23/11)  


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