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Part that have burden. at the end of the day the payroll tax will get extended the way it is now, it won t get expanded, but we ll find a way to pay for it in a bipartisan fashion. the idea of taxing one group to pay for a tax cut for another is not going to sell and the pipeline probably is not going to sell and it s important that we extend the tax cut through next year. and 160 million workers would benefit from a continuation of that payroll tax cut, harris. steve centanni, thank you very much. we want to help put this payroll tax cut into some perspective. congress passed it in december of last year, as part after larger tax agreement. that same deal also extended the bush era tax cuts that applied to americans in all income groups. in addition, the social security payroll tax dropped from 6.2% of wages to 4.2% of what was earned. but again, that cut expires january 1st. president obama now wants to extend and expand it. lowering the tax rate to 3.1%, ....
It s not all or nothing. and what every american has to be called upon, for some sack fierks if we re going to get out of the mess we re in. it s not rich against poor, it s not middle class against rich. it is. brad the problem i have with all of this is it s this or that. what we need to do is compromise. i suggest barack obama is ready to compromise. i think that john boehner offered to talk about this and compromise. the problem is, we both have, on both sides of the aisle, people who are extreme and will not negotiate and won t talk. i ask that john boehner and mitch mcconnell come together with the the and come up with a comprehensive tax plan. it takes two to tango. this president doesn t lead. this president goes off into otherwise we re otherwise we re going down this terrible road. megyn: there s a piece in the wall street journal, if this social security payroll tax is extended in the way that the president and the democrats want, it will cost the government ....
Who knows? the fact of the matter is, i mean, reports are now out that 84% of americans would pay more taxes under his plan. the worst part about t is regressive. lot of people that aren t paying any taxes and i like that. i don t think that we should even things up by raising taxes. so, it is a regressive tax. very, very dangerous. will the people of nevada not is have to pay nevada sales tax and in addition pay the 9% sales tax. they would. bill: the feds cannot dictate what the states charge in sales tax so the two have to be added together. for example, here in new york city the combined sales tax would be nearly 18%. even more on gas and other fuel. as for low income folks, they would i object pay a little bit more before it was cut the social security payroll tax with 6.2%. cain would knock that out completely along with the 1.5% medicare tax. so low income folks would pay about 1.3% more to the feds if the 9% individual flat tax was ....
To maybe 90%. who knows? the fact of the matter is, i mean, reports are now out that 84% of americans would pay more taxes under his plan. the worst part about t is regressive. lot of people that aren t paying any taxes and i like that. i don t think that we should even things up by raising taxes. so, it is a regressive tax. very, very dangerous. will the people of nevada not is have to pay nevada sales tax and in addition pay the 9% sales tax. they would. bill: the feds cannot dictate what the states charge in sales tax so the two have to be added together. for example, here in new york city the combined sales tax would be nearly 18%. even more on gas and other fuel. as for low income folks, they would i object pay a little bit more before it was cut the social security payroll tax with 6.2%. cain would knock that out completely along with the 1.5% medicare tax. so low income folks would pay about 1.3% more to the feds if the 9% individual flat tax was ....
Make it cheer that if they are going to defend tax cuts for the very rich or oppose any tax hikes for the rich, that they also are going to have to support tax cuts that are directed at working-class, middle class americans. the president going to go for the extending of the social security payroll tax. he s going to do things hike propose you expand unemployment benefits. maybe unemployment benefits for people that companies are trying out in positions, so-called georgia plan. maybe some of that for veterans. and he s going for this infrastructure bank. from speaker boehner and eric cantor to the white house yesterday saying they would go ahead with some things like trade deals, patent reform. maybe some infrastructure spending that would not be controlled by the federal government but state governments. governors. they are going to say how much is your plan going to cost ....