Contact Us

Payroll Tax Increase On Horizon Due To Super Committee Failure

Photo by Chip Somodevilla/Getty Images

Due to the collapse of the super committee, the administration is scrambling to stop a payroll increase the will take place at the end of this fiscal year. The committee could not come to an agreement and now a payroll tax hike is looming over the working class.

The tax break extension was suppose to be part of the ‘bigger deal’ that included a 1.2 trillion dollar deficit reduction. Now, after the super committee dismal failure, all that is off the table.

The president has stated that he is not going to let that happen: “If we don’t act, taxes will go up for every single American, starting next year. And I’m not about to let that happen,” Obama said Monday, previewing the message he was expected to deliver.

While the administration scrambles to fix this issue and hold on to as many supporters as they possibly can in order to try to secure a second term in November, others point out the failures of the administration.

“Your policies have failed,” former Massachusetts Gov. Mitt Romney wrote in a letter running in three New Hampshire newspapers. “Far from bringing the crisis to an end, your policies have actively hindered economic recovery.”

Click here to read more

Best of News Talk 940

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for VOA VIP Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive VOA VIP Club contests, events, coupons, presales, and much more delivered to you for FREE.