Payroll tax deductions is Social Security/Medicare funding. They are playing word games here

[Robbien]

The payroll tax reduction included in Obama's "reconciliation" budget plan is deliberately mislabeled. They are talking about FICA withholding. FICA (Federal Insurance Contribution Act) withholding is how Social Security and Medicare is funded.

Since when is reduction of the funding of Social Security and Medicare a "progressive" goal? Progressives have always wanted the funding to be increased by increasing the ceiling or removing the ceiling altogether thus having the higher earners pay more.

Plus, this reduction of funding is a HUGE corporate giveaway. For every dollar an employee puts into the fund, the employer has to match it. So by reducing the FICA withholding rate, companies get a huge tax cut.

They played word games with the Estate Tax by calling it the Death Tax.
Now they are playing word games with Social Security/Medicare funding by calling it Payroll Tax.