Senator Ron Johnson Talks Payroll Taxes, Appropriations
The Wisconsin Senator's Weekly Report from Washington features explanations for why he stands where he does on payroll taxes and the budgeting process.
I do not want to see anyone’s taxes raised at this time, but I believe reducing funding for Social Security by extending the payroll tax holiday is bad policy. It has not helped boost economic growth, and it replaces Social Security revenues with more borrowing. This is the last thing we need considering that Social Security already has an unfunded liability of $18.7 trillion. I support tax relief for low and middle-income taxpayers - but not by starving Social Security revenues. Now that the Senate has voted to extend the payroll tax holiday for two months, let's use that time to craft an alternate tax relief package that targets middle-to-lower income workers. A properly-targeted package would be smaller and easier to offset with …
GearHead
2:35 pm on Wednesday, January 4, 2012
Bren, are you suggesting that by having Obama doubling the total debt since he came into office, that somehow it will fix Bush's so-called mess? At some point Obama has to own the mess. And I'm not so obtuse as to get hung up on where the arbritray debt ceiling limit line gets drawn. Wherever it ends up, we deficit spend right back up to it. Not raising the limit forces accountablility. Gaithner … more ›