Congress and the prez. Obama basically gave us a 2% vacation from our SS contributions for the last 2 years but it never should have happened in the first place and could not be sustained without causing damage to SS. All the pols basically agreed to let the waiver expire.
republicans....payroll tax was 6.2% under Bush ...under Obama they passed it to 4.2 but it was a temporary bill called a holiday as of now the Rep.wouldn't extend the bill so it expired and is now back to 6.2
The benefit provided by that payroll tax cut should have been divvied up in some other way. If it had been maybe we wouldn't all be having kittens now over it's reinstatement . I'd like an explanation from the brains in command why it was a good idea to monkey around with the payroll tax in the 1st place.
I love how all the liberals make excuses for this tax being raised and everyone getting a smaller pay check. If you just got a job in the past 2 years it was a raise to you. To the rest of us it comes at the worst time. What really matters is most of us can ill afford to lose part of our pay checks in this economy with prices going up, health care insurance sometimes doubling, state taxes going up, homeowners insurance and taxes rising, food and gas prices sky high and on and on and on. Everybody bend over because they ain't done taking every penny we earn.