Even if Congress succeeds in passing a fiscal deal, most employees will take home less money in 2013 because a temporary cut in payroll taxes is scheduled to expire Tuesday.
Congress has shown no interest in extending the 2 percent payroll tax cuts, according to the Tax Policy Center, a nonpartisan think tank in Washington.
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Seems to me to be a sensible way of increasing revenue. I agree with what David Brooks said on "Meet the Press" this past Sunday when he suggested that the reason Washington appears to be dysfunctional is that members of the House and senate are paying too much attention to their constituencies who don't want to curtail government spending on their generation while sacrificing the well-being of future generations. We can't continue to delude ourselves into thinking that life will continue as it always has when our economy and the world have changed so dramatically. I am happy to pay more so that my sons can benefit.