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General News    H3'ed 2/12/12

Democrats propose cut in extended unemployment benefits

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Message Patrick Martin

The expiration of the tax cut extension on February 29 will raise the payroll tax rate from 4.2 percent to 6.2 percent -- effectively, an across-the-board two percent wage cut for every worker in America. This, along with the devastating cut-off of extended unemployment benefits, is what the two corporate-controlled parties are preparing for the working class.

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Patrick Martin writes for the World Socialist Website (wsws.org), a forum for socialist ideas & analysis & published by the International Committee of the Fourth International (ICFI).
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