Allowing the payroll tax cut to expire isn't a tax hike?

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Grover Norquist said that because the payroll tax cut was always billed as a temporary stimulus measure to boost the economy, letting it lapse wouldn't necessarily be a tax hike. "Because it was sold as a one-year thing, continuing it would be a tax cut," Norquist says.

Obama has proposed extending it through 2012, but so far GOP senators have been cool to the idea.

The Bush-era tax cuts are set to expire at the end of 2012.

But Norquist drew a distinction with those, claiming that they were clearly meant to be permanent policies, even if they didn't end up being that way. "Its' advocates wanted to make it permanent, but for political reasons, they didn't," Norquist says.

:palm:



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http://www.usnews.com/news/articles...etting-payroll-tax-cuts-expire-not-a-tax-hike
 
Obuma is a supply side tax cutter willing to raid grannies social security to do it. That said, gimme my tax cut.
 
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