Payroll tax cut likely hub of Obama's jobs plan

[joeybee12]

The White House is hoping that an extension of this year's payroll tax cut is popular enough with voters to help win broader support for President Barack Obama’s $300 billion jobs program.

Congressional Republicans are already throwing cold water on the idea of wrapping a broader program around it.

“If (the payroll tax cut) is standing alone, I think that might have some success,” said Sen. Orrin Hatch, R-Utah. “If it's lumped in with a whole bunch of big spending programs that builds Washington at the expense of the rest of the economy he’s not going to have much support from me or any other Republican.”

And while the tax cut may help rally support from voters struggling to make ends meet in a lousy job market, it probably would have only limited impact on the faltering U.S. economy.

http://www.msnbc.msn.com/id/44440892/ns/business-eye_on_the_economy/

Hearsay at this point, but if true, just another way to weaken Social Security without providing any real help to the economy...

[Harmony Blue]

1. I hope it is not true

This would be a major downer.

[joeybee12]

2. I agree...nt

[CaliforniaPeggy]

3. The payroll tax cut is a wolf in sheep's clothing.

Right now, it's temporary.......But only temporarily.

It is not a good move.

If this is Obama's hub, then I will be very disappointed.

I'm hoping it won't be...

[joeybee12]

8. I have to agree...

I just wonder what the Dem response/reaction will be if this is indeed the case.

[woo me with science]

17. +100000

[Broderick]

4. AP gave that alert to my phone

450B in stimulus so to speak but in tax cuts and incentives.

[hifiguy]

14. Which will accomplish the cube root of ZERO

Gotta protect those plutocrats - they need those sixth homes, fourteenth cars and second yachts.
:banghead:

[Bluebear]

5. Don't forget new free trade agreements

[OhioChick]

6. Which will eventually lead to more job loss here n/t

[ixion]

12. exactly

and won't do anything to help in the near-term, either.

[TeamsterDem]

7. Well, that ought to fix next to nothing. Great! n/t

[Name removed]

9. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Name removed]

11. Deleted message

Sub-thread removed by moderator. Click here to review the message board rules.

[blkmusclmachine]

10. Look at Obama's track record on it:

:thumbsdown: :thumbsdown:

[hifiguy]

13. Please, make this idiocy stop.

Please...

:banghead::banghead::banghead::banghead::banghead:

[QC]

15. Surely this will make the Republicans love him at long last! n/t

[joeybee12]

16. Just kicking to show that sometimes hearsay is spot on...

The administration leaks stuff they want to get out...apparently they leaked this because they think it's a winner.