The GOP’s payroll tax debacle
Now that Congress has reached agreement on what must be one of the worst pieces of legislation in years — the temporary payroll tax holiday extension — let's survey the damage.
To begin with, what even minimally rational government enacts payroll tax relief for just two months? As a matter of practicality alone, it makes no sense. The National Payroll Reporting Consortium, representing those who process paychecks, said of the two-month extension passed by the Senate just days before the new year: "There is insufficient lead time to accommodate the proposal," because "many payroll systems are not likely to be able to make such a substantial programming change before January or even February," thereby creating "substantial problems, confusion and costs."
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Rosalind S. Helderman 23 Dec, 2011
Rosalind S. Helderman --
Source: http://feeds.washingtonpost.com/click.phdo?i=2b7d2dee948aaba7e8cc63236c29f05f
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