Will Republicans Raise Taxes This Week On Middle-Income Americans?
Republicans will have to declare this week if they favor continuing the payroll tax cut.
Senate Democrats plan to schedule a vote this week on a bill that would extend the expiring Social Security payroll tax cut – and pay for the extension by a 3.25 percent tax on income in excess of $1 million.
The bill, sponsored by Sen. Bob Casey of Pennsylvania, is almost certain to fail in the Senate. But for Democrats, it serves as a vessel to argue that Republicans are more concerned with the so-called “one percent” of high earners than the 160 million working Americans they say would see a tax cut under the bill.Click here for reuse options!
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