When President Obama says EVERYTHING in his Jobs Program is paid for

[Bandit]

How are the Tax Cuts paid for I wonder? Especially the payroll taxes....:shrug:

[TheWraith]

1. The information sheet the White House passed out covered that.

Closing corporate tax loopholes.

[Bandit]

2. What corporate loopholes are there in FICA?

:shrug:

[Hosnon]

4. Obviously there aren't. But the shortfall is to be made up by the increased revenue from closing

the loopholes.

Supposedly.

[Autumn]

7. Will the revenue from that be put into the SS fund to make up

for the loss of revenue from the payroll tax cuts?

[Hosnon]

8. I don't know. Ask the Administration.

But I'm sure that's the idea.

[karynnj]

6. It doesn't have to be in the same place

[roamer65]

3. ..by more borrowing from the Chinese or money creation.

Unless we raise taxes, we end up either borrowing or debt monetizing to create the money.

[valerief]

5. Payroll tax cut means less SS benefits. nt

[Autumn]

9. This should really help with the de funding of SS

I thinks it's been a goal for quite a while now.

[TheWraith]

11. No, it doesn't. The government pays back for the decline in payroll taxes.

In essence, it's a tax cut out of the general fund rather than out of Social Security.

[reformist2]

10. The continued defunding of SS *really* worries me.