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November 27, 2012

White House Report On Taxes For The Middle Class Neglects Payroll Taxes - Business Insider

By Sheila Samples

The White House has just released a report on the negative economic impact of a hike in tax rates for the middle class. There's a lot of good stuff in the report. So what's missing? There's no mention of The Payroll Tax Holiday, which was agreed to in 2010, and which reduced workers contributions from 6.2% to 4.2%, and which is due to expire in 2013.

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The White House has just released a report on the negative economic impact of a hike in tax rates for the middle class. There's a lot of good stuff in the report. So what's missing? There's no mention of The Payroll Tax Holiday, which was agreed to in 2010, and which reduced workers contributions from 6.2% to 4.2%, and which is due to expire in 2013.

Submitters Website: http://sheilastuff.blogspot.com

Submitters Bio:

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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