Barbara Bachman said, this morning (Tues. Dec 6th) on msnbc’s “Morning Joe”, that the payroll tax cut has no stimulus effect, so wouldn’t the inverse be true, that allowing the Bush tax cuts for the wealthy to expire does no harm to the economy?
See video at 8:20 in: http://www.msnbc.msn.com/id/3036789/#45566299
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Jeff Detmer
Too much logic to that leap. I would guess their argument would be that payroll taxes aren’t significant to the job creators.