Democrats Dog Obama on Tax Holiday

Tuesday, 19 Jul 2011 12:29 PM

By Dan Weil

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Liberal Democrats aren’t too happy about President Barack Obama’s proposal to continue the payroll tax holiday for another year. And they aren’t shy about making their displeasure known, according toThe Hill.

democrats obama tx holidayRep. Peter DeFazio, D-Ore., called the idea a “stupid Social Security tax holiday,” contending the money should be used to fund spending instead, which would provide more juice for the economy.

“It’s a unique tax break. You don’t just give away money, you have to borrow money to give away money, to restore the Social Security trust fund,” DeFazio said. “If you’re going to borrow $110 billion, spend it on infrastructure [and] put 4 million people to work instead of pissing away 25 bucks a week, which is what we’re doing now.”

He and other liberals in Congress are worried that extending the tax holiday will simply lead to making it permanent. That in turn would cut Social Security’s main source of funding, putting future benefits at risk.




© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Conservative Editor: GOP Problem With Hispanics Is Within Party

Wednesday, 16 Apr 2014 19:40 PM

Jeb Bush called illegal immigration an "act of love." Rand Paul said the Republican Party needs to get "beyond deportati . . .

Paul, Rubio Lead Potential Republican 2016 Contenders in Spending

Wednesday, 16 Apr 2014 19:29 PM

Groups supporting Senators Rand Paul and Marco Rubio lead the pack of potential Republican presidential candidates in sp . . .

Rep. Blackburn on Idea of Sebelius as Senator: Hah!

Wednesday, 16 Apr 2014 18:36 PM

There's no way Health and Human Services Secretary Kathleen Sebelius can win a Senate seat, Rep. Marsha Blackburn says. . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved