How is the payroll tax cut extension being funded?
The payroll tax funds Social Security and Medicare. Where are these already financially-troubled programs getting their funding for the next two months?
The payroll tax funds Social Security and Medicare. Where are these already financially-troubled programs getting their funding for the next two months?
falsi fiable
Favorite Answer
Increased taxes on millionaires.
Anonymous
The payroll tax cut is paid for by an increase in the guarantee fee on new loans backed by Fannie Mae and Freddie Mac, the government run mortgage companies.
Bill
Literally any other tax revenue the federal government collects. If you don't think there's enough revenue, then raise taxes. But you'd better raise it on the wealthy and not the working poor and middle class.
who WAS #1?
The general fund, like they always have.
Munkstump 2
China, probably.
When we run out of countries to borrow from, we will start up NASA again, to find aliens we can borrow from.