A one-year extension of the employee-side payroll tax cut was passed in December of 2011. It's scheduled to lapse along with the other fiscal cliff policies in 2012. This is a particularly popular tax cut because it goes by and large...
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Of course the Left will never acknowledge that, just as Soros and Trumpka will not acknowledge that any increase in business costs for a business gets passed on to the consumer. The alternative is to absorb the cost, and this is usually done by cutting costs via layoffs. Ask the workers at Twinkie, or ask the workers Walmart lay off if the cretin Soros gets his way. You may not have won in the election but the fight is NOT over, for the sake of your nation and your children you MUST continue to fight.
The coming fiscal cliff's mix of tax hikes and spending cuts are projected to seriously hamper economic growth over the next two years, and Congressional leaders would be wise to negotiate fixes for the problems. One of the more popular potential fixes, however, is only going to hasten the coming entitlement crisis by worsening the finances of Social Security.
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