I hope the government comes to an agreement on the budget. But there is one tax cut I think they need to let run out and go back like it was before Pres. Bush's tax cuts. This should have never ever been messed with. It is the tax cut he gave to employees to what they pay into Social Security. Before Bush's tax cuts Employer was payin into for employee 6.2% and employee was also paying into Social Security 6.2%. But after Bush's tax cuts The employer was still paying for employee 6.2% but the employees pay into Social Security dropped to 4.2%. This should have never been messed with!
Tamara, you’re correct but it wasn’t George Bush that enacted that tax cut. In 2009,
Barrack Hussein Obama enacted that “holiday” on the payroll tax deduction from
employees’ paychecks, dropping the rate from 6.2 percent to 4.2 percent.