WH Christina Romer on Jobs Summit

Update: Another GOP Senator backing a payroll tax cut. Orin Hatch R-(UT?) on FOX Biz Happy Hour calling for one. GOP had an economic round table today and leader Boehner came out for a payroll tax cut. I have noticed for 10 years now that whatever party is in power the OTHER one always backs the payroll tax cut but I have never seen any of them enact one!

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Oh boy. Not a word about a payroll tax cut. Doesn’t sound like there is anything to look forward to in the new 300 billion jobs bill except perhaps the COBRA subsidy extension. The big plan that Christy says she does not want to get in front of Obama announcing (too late Christy, Pelosi already let the cat out of the bag) is to use the unused TARP funds to pay for this jobs program.

Glad they are not earmarking more money but canlt they just let us keep some of our own money. A payroll tax holiday would IMO BOOST state local income more than a Federal bailout. All the new hires form the employer side of the payroll cut and all the retail spending in sales taxes on the employee side of the payroll tax cut would generate IMO far more revenue for the states then another federal bailout of the states!

December 3, 2009. Tags: Bush Tax Cuts, Christina Romer on WH Jobs summit, deficit spending, Economy, Obama Jobs Program, payroll tax cut, Romer on Bush Tax Cuts, Taxes, Unemployment, WH Jobs summit. Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.