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By Robert GoulderThe GOP never met a tax cut they didn't like ... until now. That's how
Democrats portray Republican reluctance to extend the payroll tax breaks
scheduled to expire at the end of the year. Casual observers of U.S.
tax policy can be forgiven for doing a double-take here. Election-year
politics has turned conventional wisdom on its head.
Here's some relevant background.
Anyone who earns a paycheck is all too familiar with the various
subtractions that comprise the difference between your gross and net
pay. Beyond what they take out for federal income taxes, there are
further withholdings under the Federal Insurance Contribution Act
View TaxAnalysts' Robert Goulder's opinion in its entirety on TAX.com.
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