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Reply #3: Tax cuts for the rich don't create jobs, the [View All]

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-07-10 02:15 AM
Response to Reply #1
3. Tax cuts for the rich don't create jobs, the
other proposals are stimulative, including the payroll tax holiday.

Four things Obama can do to stem further job losses in the worst labor market in 70 years

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(2) Propose a one-year payroll tax holiday on the first $20,000 of income. Republicans as well as Blue Dog Dems could go along with this, and it would be a highly progressive tax cut since 80 percent of Americans pay more in payroll taxes than they do in income taxes.

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