Payroll taxes anyone???

OK, so no higher income taxes for the middle class, but what about those payroll taxes??? A family who makes say 70k a year will be paying an extra 1,400 in those taxes this year.

Someone tell me how raising taxes helps the economy? Seems all it does is grow the government. The more revenue the government has the more they spend.

With those higher payroll taxes, what will you have to cut back on or give up to make up that difference? Cut your cable options? Home phone? Dinners out? What???

And in turn if every middle class family has to give something up, how does that relate to the companies they support?

Such as:

Lets say nearly all middle class families cut their cable bill, that results in lost revenue to your cable company, which then translates into fewer hours, lost jobs, etc. for those who work for the cable company. Or dining out...if all middle class families cut dining out how does that translate to the workers in restaurants? Again, lost hours and possible layoffs because of fewer customers.

So, can anyone tell me why tax increases help the economy? How bout you progressive liberals...got an answer???

 

govt deficit - tax increase - no more govt deficit. is there anything else youd like to know ?

 

Let me know when they used the money for that...anything else???

 

they havent collected it yet. though a good example would be bill clinton fixing the mess bush snr left him, for bush jnr to then create an even bigger mess.

 

What are you going to have to give up to make up that loss in payroll taxes?

 

Ceteris paribus, increasing payroll taxes hurts short-run GDP growth.

 

Payroll taxes don't go for the deficit or debt. They pay for SS and medicare.

 

nothing, Im not american

 

so have you not just answered your own question then ?

 

No/10char.

 

Thank Gawd, because your post was moronic.

 

yeah and you wouldnt want any morons over there eh, its not like you elected one president in 2000 and 2004

 

I have no idea what that means. I feel sorry for you that you had an american education and therefore struggle to adequately express yourself it must be frustrating.

 

Yeah I have a question. Most payroll taxes are going into the treasury general account after treasury borrows these SS funds from the trust fund. The trust fund now only has worthless IOUs. What will be the impact on the American standard of living generally when most of the baby boom generation retires over the next few years?

 

Medicare is already in deficit. SS will be in deficit in a comparatively short period of time. The trust funds now hold nothing but Uncle Sam's worthless IOUs. How are you going to get around the deficits?

 

How am I??? The only thing I can do is badger my representatives to CUT THE SPENDING!!!!!!!!!!!!

 

We have plenty of them here, just as you do.

 

yeah but we tend not to elect ours

 

You never said where you are from, but If you're in Europe...you do.

 

those worthless notes add up to 9.7 trillion dollars as of last year..this is our money and they most be paid back..quit wasting our money for their selfish programs that do nothing..