Obama presses GOP to extend payroll tax holiday
President Obama challenged congressional Republicans to extend a one-year cut in the payroll tax on Tuesday, accusing them of otherwise potentially violating their pledge not to raise taxes.
The president, speaking to a crowd in Manchester, N.H., ignored the presidential primary politics that are taking place throughout the Granite State, and kept his focus instead on the congressional GOP.
"This payroll tax is set to expire at the end of next month," Obama said in the speech. "And if we allow that to happen, if Congress refuses to act, then middle class families are going to get hit with a tax increase at the worst possible time."
Sadly, Congressional Republicans will find a way to convince a lot of people that it's ok to raise payroll taxes, because they're just temporary. Forget arguments of how you should never raise taxes during hard economic times or how this is the people's money and the government has no right to it.
The bottom line is that these cuts help middle class and poor people the most, so it's not important for Republicans to keep them.