Obama cut the payroll tax by 2%, lowering taxes on everyone making 250k or less, the GOP fought him, (it was part of the bad stimulus bill remember?) then had to fight the GOP to extend it, then the GOP refused to extend it again, LOL and the tea baggers now accuse him or raising tax, LOL
Payroll tax is social security tax. Obama reduced social security funding by 2% the entire time obama's gimmick was in effect. Now Obama has to borrow that 2% from the Chinese and American taxpayers get to pay back the 2% plus interest to the Chinese. Obama is financially destroying the USA with all his stupid gimmicks and games.
payroll tax = social security . Obama's payroll tax cut smoke and mirrors gimmick depleted social security of 2% the whole time it was in effect. Obviously Obama must borrow money from china to put back the 2% into social security and pay back the Chinese with interest on the loan. What a stupid scam.
whoops. Not really though huh "dumb". Anyone from $250k down to the lowest wage earners got socked with a big tax increase AND their health insurance premiums shot up INSPITE of LYING OBAMA's LIES AND PROMISES to the CONTRARY during and after the campaign! HUH! AND NOW he has caused the LAYOFFS of HUNDREDS of THOUSANDS due to his SEQUESTER BILL! HE IS ONE FILTHY LYING AWHOLE OF A MUTT!!!!