Posted by | November 29, 2011 11:12 | Filed under: Top Stories

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!
Copyright 2011 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.