Thursday, December 1, 2011

My thoughts on the extension of the Payroll Tax

My letter to Representative Jim Matheson - who is a democrat

The extension of the Payroll tax cut is more of a problem then a help. The payroll tax money goes into the Social Security fund. Right?! So we have been putting less money into the Social Security fund all these months with this payroll tax cut and now we want to extend it and also cut what the employer is taxed?! That sounds so dumb. The democrats are hurting the seniors. Can't you all think of something different to help create jobs? You are robbing Peter (Seniors - less money into the security fund) to pay Paul (working person who can't buy much from the payroll tax cut anyway). Let us get back to paying our payroll tax, like we used to so it can go back into the Social Security fund and instead work on getting government regulations repealed (like Obamacare and Dodd-Frank bill-if you haven't noticed yet, they have raised fees and premiums) and create a flat tax OR a consumption tax so that everyone, and I mean everyone, will contribute to this great nation. That should start creating new jobs because the employers will know what the rules of the game are (Don't we all need to live by rules?) and create jobs so that it bring more money into the economy. What is so wrong with this idea? I just don't understand why democrats won't do these things? Why do you have to create such uncertainty? And by the way, we all knew that the super committee was going to fail! So lets get to the hard stuff (reform Social Security since we are ruining it even faster with the payroll tax cut, and reform the tax system to an easier one, reform Medicare and Medicade, too much regulation again) and make the hard changes. None of this "Oh.. let's extend the payroll tax cut" That is so lame!

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