Speaker of the House Boehner Is Playing A Stupid Political Game By Rejecting The Senate's Payroll Tax Cut Extension

Speaker Boehner spoke complete nonsense today in his reasoning for rejecting the Senate's payroll tax cut two-month extension. First, a link to one report: http://www.msnbc.msn.com/id/45715200/ns/politics-white_house/

Boehner said his reason for rejecting it is the uncertainty businesses have as a result of extending the payroll tax cut only two months. Problem with that is, that payroll tax cut or even letting it expire does NOT help or hurt businesses in any way.

The payroll tax cut only reduced what EMPLOYEES pay into the Social Security (SS) 'trust fund'. The portion of the payroll tax that employers pay has not been touched in any way. What most Americans and, apparently, Speaker Boehner(!) don't understand is that the payroll tax is half paid by employees into SS and half paid by employers. The payroll tax cut that congress approved during this economic trouble only cut what EMPLOYEES pay into the SS trust fund. The amount that employers pay into the system wasn't affected.

Therefore, companies' ability to hire is UNAFFECTED by these increases and decreases. The tax cut put money directly into the hands of employees, not employers. To say, as Speaker Boehner did, that extending the tax cut OR even letting it expire has ANY effect on a company's bottom line or, therefore, on its ability to hire or otherwise run its business is illogical and obviously strictly political.

It does NOT matter to businesses whether the payroll tax cut is extended for two months, for one year or even if it's allowed to expire.

Speaker Boehner is being untruthful in order to play political games against Democrats. This kind of behavior that BOTH parties have been practicing the past five years is irresponsible to the extreme.