hypocritexposer
Well-known member
Maybe the House could get an amendment, or something. Or maybe in the next couple of months, go against TOPDawgs wishes and sign a new bill, lowering taxes on the middle class, like Bush did.
http://www.huffingtonpost.com/2013/01/01/higher-taxes-in-2013-even_n_2392693.html
The higher taxes on the wealthy would likely slow the economy a little bit. But a bigger drag would come from a tax hike Democrats and Republicans aren't even bothering to fight over: the end of a two-year Social Security tax cut. The so-called payroll tax is scheduled to bounce back up to 6.2 percent this year from 4.2 percent in 2011 and 2012, amounting to a $1,000 tax increase for someone earning $50,000 a year.
Mark Zandi, chief economist at Moody's Analytics, calculates that the higher payroll tax will reduce economic growth by 0.6 percentage points in 2013. The other possible tax increases – including higher taxes on household incomes above $450,000 a year – will slice just 0.15 percentage points off annual growth, Zandi said.
http://www.huffingtonpost.com/2013/01/01/higher-taxes-in-2013-even_n_2392693.html