Senator Kirsten Gillibrand was one of 19 US Senators to vote no on the tax compromise signed into law Friday by President Obama. Lawmakers would not lining up to take credit for the law, with Illinois Senator Dick Durbin the ranking legislator to show up for the signing.
Senator Gillibrand is being razzed by the state GOP chair for being too far left, but voters must like it as she had no problem in last month's election.
Senator Chuch Schumer voted for the bill.
One aspect of the legislation is the two percentage point reduction in the FICA tax which funds Social Security. The new rate for employee contributions will be 4.2% instead of 6.2%, which means at the end of 2011 Congress will be facing the prospect of raising taxes on middle class working families. That's the problem with legislation that has sunset provisions just like the so called "Bush tax cuts" which were enacted ten years ago and caused a fuss this year when due to expire.
Anyway, the FICA cut means an extra $20 a week in the pay check for those earning $50,000 a year. I would recommend putting it towards paying for the higher gasoline prices all you "working families" are paying.
Cox: Gillibrand Sided With ‘Radical Left’