As I have previously written, the 2-percentage point payroll tax deduction is a bad idea. The current reduction expires March 1, but it appears that enough Congree members sup
port extending it through the rest of the year. It is a shame that despite warnings from the annual Social Security Trustees” reports, even those who support entitlement reform are going along with the extension of this tax cut, further gutting Social Security. In today”s Townhall, former labor secretary Linda Chavez wrote eloquently of the downside to the payroll tax cut. She concludes by saying, “Unfortunately, politicians know that real solutions will entail difficult decisions… It”s pretty simple, but painful, especially for politicians addicted to handing out goodies without figuring out a real way to
pay for them.” Well said.