…Tea Party firebrand Rep. Allen West (R-FL) rejected a payroll tax holiday completely on Fox Business last night, saying it has already been tried and that we should “cut this corporate tax rate” instead. Also on Fox Business, Rep. Phil Gingrey (R-GA) said he had a problem with the payroll tax holiday because it goes to “people who are already working.” But in the next breath, Gingrey called instead for a tax break for corporations who have kept money overseas.
A payroll tax holiday is clearly an idea that should appeal to Republicans, who claim that cutting taxes and regulations is the only path to economic prosperity. But as they have repeatedly demonstrated in their opposition to payroll tax holidays, it is only a certain type of tax cut they are really interested in — those for the wealthy and corporations, not the middle- and working-class Americans who are the primary beneficiaries of the payroll tax holiday.
This morning, Rep. Tom Price (R-GA), chairman of the House Republican Policy Committee, dismissed the payroll tax holiday as an act of “class warfare.” He seems to be proving himself correct.