Last year, with bipartisan support, workers’ contribution to Social Security was cut from 6.2% to 4.2%. The cut is scheduled to expire in December. The President proposes to extend it.
Many Republicans oppose this tax cut. A spokesman for Eric Cantor said, “If the goal is job creation, Leader [sic] Cantor has long believed that there are better ways to grow the economy and create jobs than temporary payroll tax relief.”
Just to make this very clear, in case any Republicans are reading this blog, Republicans favor tax cuts for the rich, but oppose them for workers. Republicans really do represent the wealthy.
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