July 5, 2011

CHANGE: The Hill: Democratic Leaders Announce Support For Extended Payroll-Tax Holiday. “Despite warnings it will undermine Social Security, House Democratic leaders are lining up behind a White House proposal to extend a payroll-tax cut beyond this year. Reps. James Clyburn (D-S.C.) and John Larson (D-Conn.) both announced Friday that they’ll throw their weight behind the extended payroll-tax holiday, which President Obama and some leading Senate Democrats are prescribing as an economic stimulant.”

Seems like a watered-down version of Michele Bachmann’s idea. The same objections apply, but if you endorse it on the payroll tax, you’ve established a principle . . . .

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