Congress has lost its mind...

[SamIam]

Originally Posted by TheMercenary

Don't you love how they paid for it?

The Senate's two-month version continues the payroll tax and jobless benefits at this year's levels and costs $33 billion. The bargainers agreed to pay for that by raising fees people pay for new mortgages or refinancing insured by Fannie Mae and Freddie Mac, the government-backed mortgage companies. For a $200,000 mortgage, the fee increase would raise a borrower's cost about $17 a month.

BFD. Why are you weeping crocodile tears over THAT?

[TheMercenary]

Originally Posted by SamIam

The Senate's two-month version continues the payroll tax and jobless benefits at this year's levels and costs $33 billion. The bargainers agreed to pay for that by raising fees people pay for new mortgages or refinancing insured by Fannie Mae and Freddie Mac, the government-backed mortgage companies. For a $200,000 mortgage, the fee increase would raise a borrower's cost about $17 a month.

BFD. Why are you weeping crocodile tears over THAT?

Nope, but where is the whine about taxing the middle class? The problem that I have with it is 1) it is a tax on a system that is already broken and is financially supported with taxpayer dollars and bailouts and 2) it sets a bad precedent to tax a narrow part of a semi-private business to fund general taxation, slippery slope. The financial pain is minimal. But the whole deal only does what Obama and the Dems have done repeatedly, kick the can down the calendar and deal with it another day or in the case of Obamacare, kick the tax and enactment of the majority of the law down the lane and make someone else deal with his mess. If they wanted to really deal with it they should have taken the Senate plan and added a 1 year extension to it. The bottom line the payroll tax is just another income tax that goes to the general fund and is not something special, they should do away with it.