Payroll tax hike? Really? How about a tax on wall street transactions?

[librechik]

OH GOD NOOOOOOOOOOO WE CAN'T POSSIBLY DO THAT !!!!! STOP STOP YOU"RE KILLING US!!!! I NEED A NEW YACHT!!!!!


Did I read this on the MSNBC ticker correctly? I thought Domenici & Simpson were talking about extending the payroll holiday, not hiking it

[WI_DEM]

1. If they did that and kept the tax cuts for the rich--then I give up!

[Bozita]

2. They'll be telling us that everybody with a pension will be decimated.

Wall Street transaction tax?

I'm shaking uncontrollably at the thought.

[littlewolf]

3. you do know that if they did that ... a lot of money would

be coming out of pension and retirement funds / 401K's and stuff because those funds are heavily invested in the market ....

[librechik]

4. yes, I'm hurting here--lost half my 401K in the crash

here goes the other half!

[truedelphi]

5. If my memory serves me, this was a tax proposal that The Young Mr

Obama was quite enthused about when he ran for the Illinois Senate back in 2004. Its proponents have showed what a huge fiscal remedy it could be.

Also, it might make it clear there is a value to supporting companies for the long term gain, and not just for the short term.