General Discussion
Showing Original Post only (View all)Today, I will eat a Serving of Crow. [View all]
I have consistently opposed the "Temporary Payroll Tax Holiday",
a Republican scheme resurrected and championed by the Obama Administration in 2010.
http://www.democraticunderground.com/100253159
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1538388
One of the many reasons I opposed it was that I believed that it would become permanent.
It now appears that the "Temporary Holiday" WILL be allowed to expire.
My prediction was wrong.
ALL of the other reasons I opposed this gambit are still functional.
The unnecessary and ill conceived "Temporary Payroll Tax Holiday" has done permanent damage to Social Security,
not the least of which is the blurring of the line between FICA Deductions and other taxes.
One needs look no further than the front page of DU to see the effects of the Blurring of Distinction
where FICA Contributions and Income Taxes are lumped together in the same sentence as though they are the same thing.
They are not.
The creators of the most successful New Deal Social Program,
and the Cornerstone of the Modern Democratic Party insisted on a separate and independent funding mechanism.
FICA deductions ARE the funding source for Medicare Social Security.
The FICA deductions are WHERE we pay our premiums for these "Entitlement Programs."
These deductions are NOT "taxes".
Much like calling the Inheritance Tax a "Death Tax", calling these mandatory Insurance Deductions a "Payroll Tax" is to adopt the Republican Framing.
Language IS powerful,
and I beseech ALL Democrats to confront and resist this Republican Framing.
The other reasons I opposed the reduction in FICA Contributions are still in effect.
Since the precedent has been set by The Democrats, I await the next Republican to call for "another Democrtic stimulus" by reducing FICA Deductions.
We shall see,
but today,
I WILL gladly Eat Crow, and rejoice over the expiration of the ill conceived "Payroll Tax Holiday".
Thank gawd it died.
---bvar22
You will know them by their WORKS,
not by their rhetoric, promises, or excuses.
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