If the average wage in Iowa is $45,500 a 21/2% reduction in payroll tax (Social Security Payment) equals $1,125 per year, or $21.63 per week. This will buy our subject depending on how well he/she shops a 24 can/bottle case of Budweiser and maybe some change. Good grief(!) -- is there anyone out there in the media that can do long division or run a calculator?? This is no more than a short term deal as is Stimulus to teachers, firefighters, and police that Pres. Clinton did years ago. At the end of the short term stimulus. the States or in this case, me that is retired picks up the tab. Social Security is already in trouble this deal only increases the problems. But, the R's are right, make the deal a year so that business (which always takes the costs in its bottom line) can plan. This is no more than used oats!
Regards,
John Stiegelmeyer
Comments
Submit a CommentPlease refresh the page to leave Comment.
Still seeing this message? Press Ctrl + F5 to do a "Hard Refresh".