Vote Note HR 3630 -Payroll Tax Cut and Spending Increases
HR 3630 - Payroll Tax Cut and Spending Increases: NO. The tragedy of George W. Bush is not that he cut taxes, but that he refused to cut spending at the same time. This bill continues that folly by extending the Social Security payroll tax cut, while refusing to cut the spending that it pays for. The bill adds $101 billion to the deficit this year and further undermines the Social Security system's solvency. Sadly, the House ignores HR 3551 that would permanently give every American the choice of taking the tax relief and delaying retirement by one month, an option that would pay for itself and protect Social Security's finances. When these tax relief measures were initiated in December, 2010, I expected the incoming majority to reduce spending commensurately. It has not, and we are now another year closer to a sovereign debt crisis like that which now convulses Greece.
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