Just heard deal includes a cut in SS taxes for Americans - I missed that. nt

[gateley]

[Mass]

1. great. This way they will be able to claim Social Security will not be solvent sooner.

[Hannah Bell]

8. +100.

[Little Star]

2. Where did you hear that?

[gateley]

12. On the Top Of The Hour News on a local radio station. nt

[sasha031]

15. here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=9704961&mesg_id=9704961

[MannyGoldstein]

3. And coming this spring, a cut in social security benefits

You won't hear about that part yet...

[Poboy]

11. indeed.

[lamp_shade]

4. Link?

[Common Sense Party]

6. Only one I found by Googling

Fox:

http://www.foxnews.com/politics/2010/12/06/obama-proposes-payroll-tax-reduction-deal-taking-shape-bush-tax-cuts/

[gateley]

13. I heard it on the News = local radio station. No link. nt

[BzaDem]

5. 2% cut (6.2% today, 4.2% next year). It doesn't affect any income over the cap (100k-ish).

[Name removed]

7. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Riftaxe]

9. Hopefully at least the upper cap will be lifted?

Anyone have a link yet?

[senseandsensibility]

10. I'm going to be sick

There is no upside.

[Catherina]

14. SS tax to drop temporarily by 2 percentage points, to 4.2% from 6.2%.

That was proposed by the Obama Administration, not Republicans

Aides to President Barack Obama are proposing a one-year reduction in the payroll tax as part of negotiations with Congress on a broader package to stave off income-tax increases due to take effect next year. Under the plan, the Social Security tax paid by workers would drop temporarily by 2 percentage points, to 4.2% from 6.2%. For a worker earning $40,000, the tax savings would be $800.

http://online.wsj.com/community/groups/obama-administration-250/topics/should-payroll-taxes-reduced-one?commentid=1844108

[sasha031]

16. he's ruining us