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Should we have a payroll tax holiday now?

This is one of the things being tossed around to help the economy. Is it a good idea now?

Answer Question

Asked by itsmesteph11 at 9:07 AM on Jul. 8, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (7)
  • Are you kidding me? We can't pay our bills as it is and we're thinking about taking a vacation?

    Answer by UpSheRises at 9:11 AM on Jul. 8, 2011

  • Well, I don't know much about the idea but my first thought was 'what does this do to my taxes at the end of the year?'

    Answer by But_Mommie at 9:25 AM on Jul. 8, 2011

  • no

    Answer by pookiekins34 at 10:17 AM on Jul. 8, 2011

  • Need to see the details. When they lower Social Security payroll taxes (payroll tax cut)~ What happens to the future of Social Security.. We don't need to kick the problems further down the alley... We need REAL solutions!

    Answer by grlygrlz2 at 11:22 AM on Jul. 8, 2011

  • It would only be a short term bandaid. Given the mess the economy is in, I can see only a very small benefit to people who are struggling. In the end it isn't going to 'fix' the problem. And, from what I hear coming out of our suck-em-all-dry-in-chief, he hasn't got a clue about what taxes to actually play with to even begin making a dent in the problem. Neither he nor congress is interested in getting rid of the billions of dollars going to crap. They want to cut only the most necessary things (or find better ways to cover up the fraud ... it's a toss up) and keep on blowing money left and right.

    People need to start looking for ways to take care of themselves in SPITE of our gov't. instead of looking to that gov't. for help or solutions.

    Answer by Farmlady09 at 11:50 AM on Jul. 8, 2011

  • Senator Marco Rubio says it best in this clip!!

    (paraphrasing)  "Taxing businesses and every millonaire will net us about 10 days of fiscal solvency..."  Then what?!?!?


    Answer by LoriKeet at 1:46 PM on Jul. 8, 2011

  • Read the above link. So where do you get new taxpayers or even old ones when businesses send work over-seas? Tax payers can't pay taxes if they don't have jobs & while eliminating tax loopholes might not create jobs, all those tax breaks/cuts haven't either, unless you count the jobs big business created over-seas by sending work there. Perhaps they should look at ending all those loopholes, breaks, cuts, etc for the businesses that do business over-seas and give a few of them to businesses that can prove they do the vast majority of their work here and employ American workers. Along with that give a few breaks/cuts to small businesses, gee, maybe they'd grow some.

    Answer by meriana at 7:15 PM on Jul. 8, 2011

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