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BeyondGeography

(39,374 posts)

2. Raising the payroll tax for everyone is a truly terrible idea

Reply to xchrom (Original post)

Sat Apr 6, 2013, 09:49 AM

Apr 2013

Last edited Sat Apr 6, 2013, 11:27 AM - Edit history (1)

It is the one of the most regressive taxes there is; a flat 1% increase would warehouse money that people need right now. Agree with the rest, but Reich needs a much better reason than "it hasn't been raised in 20 years." Neither have most incomes, in real terms, as the Professor surely knows.

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27 replies

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Highlight:

Progressives Push Back Against Obama's Social Security, Medicare Austerity [View all] xchrom Apr 2013 OP

I like the idea of raising the income level caps, but Vinnie From Indy Apr 2013 #1

Raising the payroll tax for everyone is a truly terrible idea BeyondGeography Apr 2013 #2

Don't raise the rate, raise the ceiling. It's progressive, low/mid earners won't notice it. xtraxritical Apr 2013 #13

If you made all income including capital gains over a certain amount JDPriestly Apr 2013 #19

As I see it there are two ways to deal with Republicans. gordianot Apr 2013 #3

Unfortunately this is true. AnnieK401 Apr 2013 #9

Way acceptable. xtraxritical Apr 2013 #14

They should means test nineteen50 Apr 2013 #4

+10 SHRED Apr 2013 #5

I see no upside politically for Obama on this SHRED Apr 2013 #6

Hard to see how there is one. AnnieK401 Apr 2013 #10

Write Obama and all Democratic Pols UCmeNdc Apr 2013 #7

I don't get the headline... pangaia Apr 2013 #8

Equal Protection bl968 Apr 2013 #11

Progressive taxes make sense. Regressive ones don't. JDPriestly Apr 2013 #20

Remove the cap. 99Forever Apr 2013 #12

"ALL income should be subject to this tax, INCLUDING capital gains. ALL income." THIS! SomeGuyInEagan Apr 2013 #27

Raise the cap sylvi Apr 2013 #15

I'll quit voting if President Obama does this. Conium Apr 2013 #16

If they raise the cap madville Apr 2013 #17

Why? Conium Apr 2013 #18

I don't agree with it madville Apr 2013 #26

Drastically raise taxes on the rich and jail the crooks duffyduff Apr 2013 #21

+1000 Cleita Apr 2013 #22

Where's austerity for Wall Street and the banksters? jsr Apr 2013 #23

If you support Raising-theCap, you should have voted for THIS guy: bvar22 Apr 2013 #24

Yeah where did that guy go? unapatriciated Apr 2013 #25