There are excellent reasons to oppose payroll tax cuts. Sen. Jon Kyl's reasons for opposing a payroll tax cut extension are not excellent:
"The payroll tax holiday has not stimulated job creation. We do not think that is a great way to do it," Kyl said on Fox News.Kyl, who served on the supercommittee, said it didn't make sense to impose a higher tax on those who create jobs, preempting the argument from Democrats that additional stimulus measures should be paid for by increasing the tax rate on wealthier Americans.
Of course. Don't oppose it because it might undermine Social Security, oppose it because the way to pay for it would be through raising taxes on the wealthy. What's interesting here is that Kyl is letting this be framed as payroll tax versus the wealthy paying their share rather thanpayroll tax cut versus spending cuts. That's a minor win for Democrats, anyway.
9:43 AM PT: Dan Pfeiffer:
Funny thing abt Sen Kyl's opposition to payroll tax cut extension is that in '09 on CNBC he called for a payroll tax cut bc it created jobs
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