The Way Congress Does Business

Do Nothing Congress

If you will indulge me for a few minutes, allow me to bemoan how the Congress of the United States does its business. A question, if you please. How many years are we going to continue to watch the circus in Washington, DC? How many years are we going to allow Congress to manipulate these end-of-the-year proceedings and turn them into a frenzied “have to pass legislation” marathon? If I sound like I am more than a little frustrated, then I am sounding exactly like I feel. I think it is high time we called our political leaders on the carpet for the shenanigans they are pulling in Washington.

Among the work that Congress is supposed to finish every year before it leaves for → Read More

The Battle Over The Payroll Tax Cut

donkey-elephant

Has anyone told the Republicans in Congress that there is an election coming up in 2012? If so, would one not assume they want to win said election? Again, assuming that is the case and they do want to win next November, why are they acting like a bunch of newcomers to the game we fondly call Washington politics? Let me be clear, I do not approve of the two-month extension of the payroll tax cut. If we are going to go that route, it should be for at least a year at a time. We have had quite enough of kicking the can down the road, thank you very much.

Personally, I would just as soon see the tax cut expire, as I → Read More

Boehner Faces Revolt In The House Over Payroll Tax Cut

Payroll Tax Cut

Heretofore, I have refrained from writing about the current battle in Washington over the so-called payroll tax holiday. I considered it to be the same old song and dance at the end of the year, with a deal to be worked out at the last minute. From all of the indications coming out of Washington last week, it appeared that the Republicans were getting the upper hand in the public relations battle. We were led to believe they would be voting a year-long extension to the aforementioned payroll tax holiday and would be leaving town for the holidays. This would force the Senate to accept what they had been given and everyone would be happy, sort of. As it turns out, not so much.

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Payroll tax holiday – Good or bad?

Tax Cuts

As the discussion continues over the tax cut compromise reached this week between President Obama and the Republicans, I want to bring something to our attention that I just plain missed when I wrote yesterday’s post. Part of the compromise that was reached includes a payroll tax holiday for one year. For anyone who doesn’t understand what the payroll tax is, that is where the money for Social Security comes from. It is a proposal that has been bantered back and forth on Capitol Hill for some time. What it does is cut the 6.2% payroll tax that you and I have to pay from our paycheck. Let’s look at a short explanation from Bloomberg.

The payroll tax cut would apply to all wage-earners, → Read More