Tue November 29, 2011
Obama Pushes Payroll Tax Cut
President Obama is ramping up his campaign for continuation of a payroll tax cut, which only affects the first $106,000 in individual income. Republicans object, in part because they don't even consider it a tax since the money goes to the Social Security Trust Fund. Democrats see it a progressive tax cut. "Spreading the wealth" is a theme Obama campaigned on four years ago.