January 6, 2013
Congress has just raised payroll taxes. It has done it before, and will do it again.
Our august solons excuse themselves, however, by pleading that the 2 percentage point hike is merely the sunset of a tax holiday. And necessary to shore up a faltering system.
Its not a triumph of responsibility, though.
What is responsibility? Every year the Social Security Administration sends out a helpful note to its clients about how much weve contributed in payroll taxes. The kindly bureaucrats also warn us not to...