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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If we had given the SS money to the degenerate, criminal gamblers on wall street in 2004 there would be nothing left RIGHT NOW. Did you miss the meltdown and the subsequent taxpayer funded bailout of the banks that would have had all that money? State pension funds alone lost billions to these criminals and you'd like to give them all of the SS money? That's insane. As is stocking up on canned goods water and ammo.
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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