Let’s see, Americans couldn’t handle expiration of the 2% payroll tax in 2011, but come 2012 they will be faced with expiration of not only the payroll tax break, but all of the Bush tax rates. And given the failure at deficit reduction, automatic cuts will kick in. Not to worry you say, there is a full year for Congress to fix things. True, but 2012 is an election year so rather than solving a problem with a real solution Congress and the Administration will look to popular “solutions” that appeal to this or that voter block and nothing more.
It is a sad commentary on our dysfunctional system that is perpetuating uncertainty, indecision and an economy that will see little change in 2012.
Have you considered signing the term limit petition? See the link at the top of this page.
Related articles
- Payroll Tax Tiff Times 25 Awaits Congress in ‘Utter Dysfunction’ (businessweek.com)
QUINNSCOMMENTARY 