Episode 369 • • 7:47 - 11:54
369: Phobos Grunts
House Resolution 3765 and Payroll Tax Holiday Analysis
Adam Curry analyzes House Resolution 3765, the two-month extension of the payroll tax holiday through February 29, 2012. He argues the bill effectively creates a hidden tax increase for those earning over $110,000 by capping the 2% Social Security tax break at the first $18,350 of income. The discussion disputes media claims regarding the number of Americans who will actually benefit from the legislation.