Norquist: Letting Payroll Tax Cuts Expire Not a Tax Hike

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If I don’t know anything else, I know that, if the 3.1% payroll tax cut proposed by the Obama administration is not passed, i will cut my personal spending by 3.1% of $110,100 or $3,413 and put it into my IRA or otherwise invest it in a way that I still have it come Monday morning. There was never much future in spending money and now the only future is in saving it.

Ptolemy of MA 11:38AM November 22, 2011

Why are elected representatives scared to death of Norquist... Norquist is a paid lobbyist... He is also defining our tax policy... Why? Who the hell is he and who gave him the right to demand signatures & "pledges" from elected officials?
This is a perfect example of our free government at work... A paid lobbyist calls the shots to make our tax policy... and the fools in Congress are so afraid of losing their "jobs" that them bend to blackmail... Great governmet procedure...
If anyone doubts as to why we are in the trouble we are currently experiencing... just ask Grover.. He apparently is making the rules.....

judy mccracken of FL 7:12PM November 04, 2011

So then eliminating the FICA tax cap is also not a tax increase because the rate stays the same. Right?

Grandinquisitor of CA 1:16AM November 04, 2011

How foolish of Grover Norquist, and this is coming from a generally conservative voter myself. So he introduces extreme ideological rigidity which will likely doom the deficit supercommittee to failure (and contributed to the USA's credit downgrade in August). Yet when tax hikes go up on working people (via the payroll tax), that's all cool with Grover, it's only when the super-wealthy might be taxed extra that it's not OK.
What an idiot. Republicans weren't exactly paragons of fiscal responsibility themselves, with Bush racking up massive deficits for both domestic and foreign policy despite having a much better economy than the one he left Obama.
To think that the Congress of the United States is beholden to an ideologue like Norquist, just shows how far this once-great country has falen.

Dalen of NH 6:03AM November 03, 2011