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Tuesday, November 29, 2011

Republicans Don't Mind a Payroll Tax Increase

John Kyl doesn't mind some types of tax increases:

Saturday’s Jon Kyl vs. Sunday’s Jon Kyl, by Steve Benen: On Saturday, Senate Minority Whip Jon Kyl (R-Ariz.), along with his five other GOP colleagues from the super-committee, wrote a Washington Post op-ed on the debt-reduction process. Kyl’s point wasn’t subtle: he and other Republicans just can’t accept tax increases, at least for the foreseeable future.

Kyl called tax increases “the wrong medicine for our ailing economy,” and said the mere possibility of tax increases has “put a wet blanket over job creation and economic recovery.”

That was Saturday. Just 24 hours later, Kyl told a national television audience he’s comfortable with a payroll tax increase on all American workers on 2012. ......

Senate Democrats are moving forward with its plan to extend the payroll tax cut, with a vote perhaps coming as early as this week. Republicans will filibuster the proposal, though Sen. Pat Toomey (R-Pa.) told ABC yesterday that “probably some package” that includes a payroll extension “might very well pass.”

The reason for the objection, as Steve Benen points out, is that the payroll tax cut would be paid for by increasing taxes on the very wealthy. Can't have that. But unlike their reaction to other types of proposed tax increases, Republicans are not insisting that spending be cut to protect workers from a tax increase. Wonder why?

    Posted by on Tuesday, November 29, 2011 at 12:33 AM in Economics, Politics, Taxes | Permalink  Comments (107)


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