Nope Payroll is going up 50% or $1,000 for the average American
It was completely irresponsible and given to Obama as part a negotiation.
As it is so irresponsible there is no support to continue this in either political party.
Why Everyone's Payroll Taxes Are Going Up Next Year
By Joseph Lawler
The payroll tax cut, slated to expire on January first, is doomed. Although the fates of so many other fiscal provisions are unclear as the government approaches the fiscal cliff, the payroll tax cut's is not, as been more or less abandoned by both Republicans and Democrats.
Now for the Obama reality. Voting time is over and elections have consequences.
And yet here we are still with nothing done, they kicked the can for a year and added another $1.5 trillion to the deficit because Dem's couldn't cut more than $38.5 billion from a $3.5 trillion budget