Who proposed the SS payroll tax holiday idea?

[Hawkeye-X]

I would like to send a "thank you" letter telling him/her how stupid he is.

Hawkeye-X

[PBS Poll-435]

1. Somebody that wanted folks to have $2 for every $100 that they make in extra take-home...

And didn't want a CBO score on it.

I think...

[Statistical]

4. There is a CBO score on it $112B.

That is what it will cost general fund to provide direct offset for the 2% reduction.

Worker will contribute $112B less into SS trust fund in 2011 as a result general fund will make a $112B contribution.

[PBS Poll-435]

6. Thanks

I had been looking for that number.

Do you have a source? (not being a smartass)

I would like to include it in my newsletter.

[Statistical]

7. Here is one source.

Not the best as it doesn't clearly indicate the $112B will be paid by general fund.

http://crfb.org/blogs/who-won-tax-deal

[PBS Poll-435]

8. Better than I could find. Thanks again.

[Moondog]

5. + 1

[Statistical]

2. You can send your 2% here if you don't want it...

https://www.pay.gov/paygov/forms/formInstance.html?nc=1270815460952&agencyFormId=23779454

[Sherman A1]

9. I don't want it, but I think I will

notch up my 401k catch up contributions as an offset. That way I at least have some control over the money.

[arendt]

15. It is BLOOD money. It will make you complicit...

in the destruction of Soc Sec.

See my reasoning at:

http://www.dailykos.com/story/2010/12/17/929848/-The-Judas-Fundfor-Progressives-who-can-afford-a-gesture

[Sherman A1]

16. You can call it that, however

It was money from my paycheck destined to in a general sense support my retirement. I think the only reasonable thing to do is to put it to work for that same purpose, which is easiest done through a 401k. It has the benefit to me of preventing any nasty tax surprises that may be lurking at the end of the year(s). I will then hopefully be a bit more secure when I retire and in a position to spend that same money (or a bit more if it would happen to grow) on goods and services within my community.

I am not at all happy with this tax holiday concept, however I am hoping to make the best deal out of it for me that I can.

I can't change that it has happened (tried by voicing my opinions to both my Senators & House Rep) before passage, so all I can do now is figure out how to make the new rules work best for me.

[arendt]

17. Unless you simply can't live without the $, you are complicit

I congratulate Barack the Betrayer on getting so many Americans to happily drink the Kool Aid that will slowly, but surely, kill the middle class.

Do you hear yourself? "all I can do is figure out how to make the new rules work FOR ME". Not for America, not for your children, but FOR ME, ME, ME. That is exactly what Obama was counting on. Unless you are living hand to mouth, you basically have surrendered.

FDR is crying.

[Sherman A1]

18. Let's step back a moment here...

1). We are discussing the money I have earned from MY working, paid by my employer, therefore it is Very Much, MY money. It is not a gift, it comes from my paycheck.

2). Up until 1/1/2011 it was being collected and paid into a fund from which I would draw later funds. That again is not a gift, it is something to which I have contributed and I believe I an expectation that I should be able to collect upon.

3). The rules have changed a bit and I intend to secure those funds through a different means to be as prepared as I can be for MY retirement and not be a burden upon society, I do not live hand to mouth( , but I would hope with proper preparation that I will not need to, but thanks for asking). Those funds will be spent both locally and elsewhere when I travel, and will in turn help to maintain or generate jobs for goods and services.

4). I disagreed with the rule change, made what steps I could to prevent it from happening, but there was a vote in Congress, the Majority voted to go with the rule change and here we are.

5). I do not intend to donate My money to local government entities as you suggest, but you may feel free to do so as you please with YOUR money.

6). I donate to charities of My choice and am not insisting that you do the same as that is simply improper for me to do.

7). As to my children. I helped to put my daughter through college and she now is a contributing member of society.

8). That I do not agree with YOUR viewpoint as to how the money I earn should be spent and you accuse me of being complicit in some grand scheme to do in the middle class is really Your problem not mine.

FDR maybe crying, I suspect not

You may call me any name or groups of names you choose. Trust me I have been called far, far worse than anything you can even dream up.

Have a pleasant day and take your little tirade down the street.

[arendt]

22. Nice to put YOUR retirement ahead of everyone else's...

And YOUR family, and YOUR charities.

I can see that the corporations have taught you well. There is no such thing as society. You believe that, if everybody just takes care of number one, things will work out great. (That is, if you are one of the lucky few.)

You say you can afford this. Then you are complicit, no matter how much you deny it. You are voting to LOWER your taxes, when everyone knows that that is the LEAST efficient way to stimulate the economy, but the BEST way to BANKRUPT the government. You are spending the money that the Feds should have sent to the states. They decided to spend more than it would take to stabilize state governments on war and tax cuts for the super rich; and they decided to invite fools like you join in slitting their own wrists.

Tell me, super patriot, what WILL you sacrifice for your country?

As for "a majority voting to go along", in case you hadn't notice, a majority has voted to do all kinds of things that we here at DU hate. You choose to hide behind that pathetic excuse and tell me I'm calling you names? What a hypocrite you are. You are "just following orders" - shop, shop, shop.

You are voting to DEFUND the government. You are voting to ruin social security.

But your a fine follower of Ayn Rand, I can see that you care about YOUR family, YOUR charities. Have fun going Galt.

[Sherman A1]

25. And because your opinion is the only "Right"

one might just think you to be a bit like those "Right Wingers" whom many claim in the Tea Party to be narrow minded.


But, then I would never make that assumption.

But, it must be terribly satisfying to be so very, very "Right".

[arendt]

23. Great job disappearing the consequences of your action. Nobody is fooled.

http://www.dailykos.com/story/2010/12/19/930171/-Dont-Agree-to-Sacrifice

[arendt]

14. Send it to your LOCAL government instead. They will use it.

The feds will hand it to the rich in tax cuts.

I invite you and all DUers to read my reasoning:

http://www.dailykos.com/story/2010/12/17/929848/-The-Judas-Fundfor-Progressives-who-can-afford-a-gesture

[TheKentuckian]

3. It is very hard to discern. The White House was acting like it was one of their priorities

but now seems to indicate it was an alternate proposal to sub in for "making work pay".

The only "good" part is they put the relief on the employee side versus the employer.

[pa28]

10. Larry Summers said the payroll holiday was a Republican preference.

Apparently most of the negotiations were going on with McConnell's office so I guess he is your guy.

No stupidity involved though. He's got an agenda with SS and I don't think his motivations are altruistic.

[cascadiance]

11. Just wait until they say later when we try to "end" the tax holiday that we shouldn't "raise taxes"!

to try to keep the cowerly Democrats to restore funding to SS and Medicare. Even if they immediately restore funding to it soon, it will already defund the program enough so that it will need another shot in the arm, or be ripe for the Republicans to complain that it needs to be privatized to have it "adequately funded" later. All part of the master plan! Just wait and see!

[doc03]

13. +1

[arendt]

24. +100 n/t

[AlabamaLibrul]

12. Well, Republicans have been trying to get it done to effectively cripple SocSec...

pretty much since it was created.

We already know that apparently if there is a tax cut for the rich, it will never lapse - unlike making work pay, which this bullshit replaces. So the SOCIAL SECURITY FUNDING CUT (let's call it what it is, please) will become de facto permanent, and SocSec will be on its way out by the end of the decade.

[alcibiades_mystery]

19. It was originally proposed by Mitch Daniels

Years ago, maybe 2002, when he was still in the Bush White House.

[scarletwoman]

20. I can't find the link I came across last week, but what I found was that this was a long-time CATO

Institute proposal -- the idea was/is touted by them as a first step toward dismantling Social Security.

But as for who specifically slipped it into Obama's tax cut "compromise" -- yeah, I'd like to know that, too. :mad:

[bullwinkle428]

21. It WAS actually included in the Catfood Commission proposals!